US stock futures steadied on Wednesday after the major averages slumped in the previous session on escalating tensions between Washington and Europe over President Donald Trump’s ambitions to take over Greenland. Over the weekend, Trump threatened to impose new tariffs on eight European countries opposing the plan unless a deal is reached. He is scheduled to meet with various stakeholders to discuss Greenland at the World Economic Forum in Davos on Wednesday. In regular trading on Tuesday, the Dow fell 1.76%, the S&P 500 slid 2.06%, and the Nasdaq Composite dropped 2.39%, marking the worst daily performance for all three since October 10. US Treasury yields also jumped while the dollar weakened, reflecting eroding confidence in US assets and concerns that Europe’s substantial holdings of US bonds and equities could be leveraged in retaliation. Meanwhile, Netflix shares fell nearly 5% in extended trading despite reporting a narrow Q4 earnings beat.