Stock market falls sharply after Trump expresses interest in buying Greenland

The Dow Jones Industrial Average fell by more than 600 points, and the U.S. dollar weakened significantly. The drop followed reports that President Donald Trump is interested in the U.S. purchasing Greenland from Denmark, which created uncertainty in financial markets.

Investors reacted to the news by selling stocks, with the decline also linked to ongoing concerns about trade tariffs. The market's "fear gauge," a measure of volatility, surged as a result of the sell-off.