Stock futures are sinking Tuesday morning amid rising geopolitical concerns; President Donald Trump has threatened new tariffs on a number of European countries unless the U.S. is allowed to acquire Greenland; gold and silver prices are surging to new record highs as investors turn to safe-haven assets; tech stocks are under pressure amid the volatiity; and Netflix's latest quarterly results are due after the closing bell as the company sweetens its offer for Warner Bros. Discovery. Here's what you need to know today.

Stocks are tumbling after President Trump over the weekend threatened new tariffs on several European countries if the U.S. isn't allowed to acquire Greenland. Futures tied to the Dow Jones Industrial Average, S&P 500, and tech-heavy Nasdaq were recently down 1.2%, 1.4%, and 1.7%, respectively. The major indexes posted modest losses last week amid concerns that Federal Reserve independence could be compromised. Gold futures were up 3% at $4,730 an ounce recently, a new all-time high, while silver futures surged nearly 8% to $95.30 an ounce, also a record, as investors turned to safe havens. The yield on the 10-year Treasury was at 4.29%, up from its previous close of 4.23% and at its highest level since early September. Bitcoin was just above $91,000, down from a weekend high of above $95,000 and on track to decline for a sixth straight day as its early-year rally stalls.

Financial markets are volatile this morning after President Trump said that Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland will each face a 10% tariff at the start of February that will increase to 25% on June 1 if the U.S. is not allowed to purchase Greenland. The Trump administration in recent weeks has stepped up its interest in acquiring Greenland, saying it aims to do so with money or with military force. Early Tuesday, Trump posted fake images of himself, Secretary of State Marco Rubio and Vice President J.D. Vance putting an American flag in the ground next to a sign calling Greenland U.S. territory, along with a photoshopped map showing Canada with an American flag on it.

Gold is leading another safe-haven-asset rally, hitting a record of nearly $4,740 an ounce earlier this morning. Silver is also adding to its gains to start the year, setting its own record high just above $95 an ounce. Gold and other precious metals typically increase in value when investors are uncertain of the economy or the state of geopolitics and therefore less likely to invest in more-volatile assets such as stocks or cryptocurrency. The precious metals have already been gaining steadily this year amid concerns over the independence of the Federal Reserve. Gold futures have risen 70% over the past 12 months, while silver has surged about 200%.

All seven of the Magnificent Seven stocks are losing ground this morning amid the larger market sell-off that is hitting tech stocks particularly hard. Nvidia (NVDA), Apple (AAPL), Alphabet (GOOGL), Microsoft (MSFT), Tesla (TSLA), Amazon (AMZN), and Meta Platforms (META) are all down between 1% and 3% in premarket trading. Chipmaker stocks including Advanced Micro Devices (AMD) and Broadcom (AVGO) are also down sharply. Tech stocks have powered much of the market's growth in recent years amid the AI boom, making the stocks also vulnerable to being hit hard when there is a broad sell-off like the one happening today.

Netflix (NFLX) stock has resisted the sell-off so far this morning, as investors await the streaming giant's latest quarterly earnings report after the closing bell and digest news that the company is now offering all cash to acquire Warner Bros. Discovery (WBD). Netflix executives will likely face questions from analysts during the earnings call about the pending acquisition, on topics including regulatory hurdles, competition from Paramount Skydance (PSKY), how the deal will be financed, and the timeline for when the deal could be completed. Netflix is expected to report that revenue rose 17% in the fourth quarter from a year earlier, while earnings per share are projected 30% higher, according to estimates compiled by Visible Alpha. Netflix shares were up about 1% ahead of Monday's opening bell.

Read the original article on Investopedia