Markets Today: Trump Speaks in Davos. Netflix Posts Mixed Results. Gold Hits $4,900

Futures linked to major U.S. stock indices are rising slightly as markets remain tense ahead of President Donald Trump’s upcoming speech at the annual World Economic Forum in Switzerland. The president’s discussions with global leaders at the forum are expected to be dominated by tensions over Trump’s desire for the U.S. to control Greenland and his threat to impose additional tariffs on several European countries. Beyond geopolitics, investor attention is also on Netflix, which issued conservative financial guidance following an increased bid for Warner Bros. Discovery, as well as the potential sale of Berkshire Hathaway’s stake in Kraft Heinz.

1. Futures Rise
U.S. stock futures point higher on Wednesday, suggesting a rebound after the worst market day since October. As of 02:21 ET (07:21 GMT), Dow futures were up 103 points (0.2%), S&P 500 futures rose 27 points (0.4%), and Nasdaq 100 futures increased 114 points (0.5%). Major New York indices fell on Tuesday due to geopolitical tensions and Trump’s trade threats, while 10-year Treasury yields rose and the dollar weakened slightly against major currencies.

2. Trump to Speak in Davos
The president will be in the spotlight on Wednesday during the annual World Economic Forum in Switzerland. Trump is likely to discuss the U.S. claim to Greenland, a semi-autonomous territory of Denmark that he considers important for national security. He continues to threaten 10% tariffs on goods from eight European countries that do not comply with his demands, with these measures potentially rising to 25% in June.

3. Netflix Posts “Mixed” Results
Netflix shares fell after the company issued conservative financial guidance, despite fourth-quarter revenue and profit beating expectations, driven by popular content such as the latest seasons of Stranger Things and Frankenstein. The company also increased its $72 billion bid for Warner Bros. in a bidding war with Paramount Skydance.

4. Berkshire Hathaway May Sell Stake in Kraft Heinz
Berkshire Hathaway announced that it may sell up to 325 million shares of Kraft Heinz, nearly its entire stake in the company. This marks the first major corporate move under new CEO Greg Abel and indicates a strategic shift, reflecting pessimistic forecasts for the food sector rather than a need for liquidity.

5. Gold Above $4,800
Gold prices reached new record highs, surpassing $4,800 per ounce, driven by rising tensions over Greenland and renewed trade conflicts, which boosted safe-haven demand. Spot gold rose 2.3% to $4,862.75 per ounce, while U.S. futures also hit historic highs at $4,865.91 per ounce.

In addition to geopolitical tensions, investors will monitor the monthly report from the International Energy Agency and the latest U.S. crude oil and gasoline inventory data.