This article first appeared on GuruFocus.

Technology stocks led a broad U.S. market pullback on Tuesday as investors reacted to rising trade tensions linked to renewed tariff rhetoric surrounding Greenland.

The Technology Select Sector SPDR Fund (XLK) slid about 2%, reflecting pressure across major chip and software names.

Nvidia (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), and Alphabet (GOOGL) each fell roughly 2%, while Apple (AAPL) and Microsoft (NASDAQ:MSFT) lost more than 1%. Amazon (NASDAQ:AMZN) and Tesla (NASDAQ:TSLA) dropped over 2%.

• Warning! GuruFocus has detected 4 Warning Sign with AMZN.

• Is AMZN fairly valued? Test your thesis with our free DCF calculator.

The weakness in technology shares weighed on broader markets. Nasdaq 100 futures fell about 2%, while S&P 500 and Dow Jones Industrial Average declined roughly 2% and 1%, respectively.

Market sentiment turned cautious after President Donald Trump signaled potential tariffs on countries opposing a U.S. move related to Greenland. In comments posted on social media, Trump suggested levies could start at 10% as early as February and increase later in the year, raising concerns about wider trade friction with Europe.

Despite the pullback, Wedbush analyst Dan Ives said the move may present an opportunity ahead of upcoming earnings. He noted that continued AI investment and a strong fourth-quarter reporting season could support technology leaders into 2026.

This article first appeared on GuruFocus.

Technology stocks led a broad U.S. market pullback on Tuesday as investors reacted to rising trade tensions linked to renewed tariff rhetoric surrounding Greenland.

The Technology Select Sector SPDR Fund (XLK) slid about 2%, reflecting pressure across major chip and software names.

Nvidia (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), and Alphabet (GOOGL) each fell roughly 2%, while Apple (AAPL) and Microsoft (NASDAQ:MSFT) lost more than 1%. Amazon (NASDAQ:AMZN) and Tesla (NASDAQ:TSLA) dropped over 2%.

• Warning! GuruFocus has detected 4 Warning Sign with AMZN.

• Is AMZN fairly valued? Test your thesis with our free DCF calculator.

The weakness in technology shares weighed on broader markets. Nasdaq 100 futures fell about 2%, while S&P 500 and Dow Jones Industrial Average declined roughly 2% and 1%, respectively.

Market sentiment turned cautious after President Donald Trump signaled potential tariffs on countries opposing a U.S. move related to Greenland. In comments posted on social media, Trump suggested levies could start at 10% as early as February and increase later in the year, raising concerns about wider trade friction with Europe.

Despite the pullback, Wedbush analyst Dan Ives said the move may present an opportunity ahead of upcoming earnings. He noted that continued AI investment and a strong fourth-quarter reporting season could support technology leaders into 2026.