Taco time as equities bounce on Greenland angst
investingLive • • business
Key Points:
- The market perceives that Trump has miscalculated his approach to Greenland, facing significant opposition domestically and internationally, with Treasury Secretary Scott Bessent urging calm, suggesting Trump may not be serious about the move.
- A controversial letter to Norway regarding the Nobel Peace Prize has drawn criticism, contributing to market unease and limiting optimism in the short term.
- State-backed Intel is outperforming on the S&P 500, rising over 6%, while other chipmakers like AMD and Micron are up modestly; however, Nvidia and other major tech stocks, including Google, are experiencing declines.
- The Supreme Court's delay on a tariff decision until potentially February 20 has reduced near-term market volatility, possibly encouraging put buying
