Major gauges slumped as the market reacted to Trump's heavy-handed attempts to buy Greenland outright over the weekend.

Trump wrote on Truth Social Saturday that the U.S. would implement a 10 percent tariff on goods from eight European countries amid a clash about Greenland's sovereignty.

The New York Stock Exchange will be closed on Monday, Jan. 19 and will reopen for trading at normal hours, 9:30 a.m. ET to 4 p.m., on Tuesday, Jan. 20. U.S. stock markets will be closed on the following days in 2026: Monday, Jan. 19: Markets closed for Martin Luther King, Jr. Day.

History makes it clear that a sizable stock market decline is expected in the presumed not-too-distant future. However, there's nothing in the 155 years of valuation data that suggests a stock market crash is imminent or that one will occur during President Trump's second year.

Banks and credit-card stocks dragged the Dow Jones Industrial Average and the S&P 500 lower on Tuesday, while December CPI inflation report showed inflation meeting expectations.