U.S. stock futures wavered after the S&P 500 suffered its largest decline in three months. President Trump downplayed fears his Greenland trade threats could derail EU negotiations ahead of his planned Davos address. Netflix shares dropped following a weak forecast, driven by rising content costs and expenses linked to its Warner Bros. Discovery bid.

The market reaction reflects investor anxiety over geopolitical tensions and corporate earnings. Trump's Davos appearance, alongside Salesforce's Marc Benioff and special envoy Steve Witkoff, places a spotlight on U.S. policy and tech leadership. The Netflix forecast underscores the financial pressure of streaming competition and major acquisition ambitions.

All eyes are on Trump's Friday speech for clues on trade and regulatory direction. Benioff's commentary will likely address AI's economic role, while Witkoff's presence signals U.S. security priorities. Investors will parse these signals against the backdrop of a volatile market seeking stability.