Saturday, January 24, 2026-In a dramatic reversal that has Wall Street breathing easier, major U.S. stock indexes extended their rebound for a second consecutive session as investors reacted to news that President Donald Trump has called off threatened tariffs linked to Greenland negotiations.
The Dow Jones Industrial Average climbed roughly 300 points, part of broader market gains that also lifted the S&P 500 and Nasdaq as tariff fears eased. This move follows a sharp sell-off earlier in the week that had rattled investor confidence.
The shift came after Trump announced he had reached a framework for a future deal regarding Greenland with NATO allies, prompting him to withdraw plans to impose tariffs on several European nations that had opposed his Arctic strategy. Markets interpreted the decision as a removal of near-term geopolitical risk and a sign that trade tensions may not escalate further. The relief rally was broad-based, with gains across energy, technology, and materials, reflecting renewed appetite for risk.
For traders and growth-focused investors, the message is clear and urgent: policy-driven volatility can reverse quickly. With earnings season underway and economic data still signaling resilience, markets are now focused on whether this rebound can hold or if new geopolitical developments could once again shift sentiment just as fast.
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