"The S&P 500 rose 0.6% after Trump said in a speech before business and government leaders in Europe that he would not use force to take "the piece of ice." The potential de-escalation in rhetoric, which had ramped up earlier with talk of tariffs crossing the Atlantic, helped the index recover some of its 2.1% drop from the day before and pull closer to its all-time high set earlier this month."
"Treasury yields also eased in the bond market, a day after jumping in a potential signal of worries about higher inflation in the long term. They got help from a calming of bond yields in Japan, which surged earlier on concerns about the size of its government's debt. The value of the U.S. dollar also held steadier against the euro, Swiss franc and other currencies after sliding the day before."
"Trump himself acknowledged how his desire for Greenland led to Tuesday's drop in the U.S. stock market, but he called it "peanuts compared to what it's gone up" in the first year of his second term and said it would go up further in the future. While saying he would not use force to take Greenland, he called for "immediate negotiations" for the United States to acquire it from Denmark."
U.S. stock market steadied after a steep drop, with the S&P 500 up 0.6%, Dow up 336 points, and Nasdaq up 0.5% by late morning. Soften rhetoric about acquiring Greenland helped the S&P recover from a 2.1% decline and approach its all-time high. Treasury yields eased after a prior jump, aided by calming bond yields in Japan. The U.S. dollar stabilized against major currencies. Some market nerves persisted as gold rose 1.7% and topped $4,800 per ounce. The desire to acquire Greenland was acknowledged as a factor in the earlier market drop.
Read at Fast Company
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