S&P 500 Loses $750 Billion On Trump’s Greenland Threats
Forbes • • business
Key Points:
- The S&P 500 dropped significantly, losing about $750 billion in market value as President Trump intensified efforts to acquire Greenland, with losses roughly equating to the estimated value of the territory.
- The estimated cost for the U.S. to purchase Greenland could reach $700 billion, according to sources cited by NBC News, despite firm rejection from Danish and Greenlandic officials.
- The Cboe Volatility Index (VIX), known as Wall Street’s “fear gauge,” surged to its highest level since November, reflecting increased market uncertainty amid Trump’s Greenland acquisition push.
- Trump has justified the acquisition on national security grounds, citing concerns over Chinese and Russian interest in Greenland, but Danish leaders have strongly opposed the move, warning of
