"The U.S. stock market bounced back from its worst day since October on Wednesday after President Donald Trump said he reached the framework for a deal about Greenland, an island he's long coveted, and won't impose tariffs he had threatened on several European countries. The S&P 500 rallied 1.2% after Trump said the deal, "if consummated, will be a great one for the United States of America" and its allies in the North Atlantic region."
"The announcement triggered an immediate move higher in the stock market, which found solace earlier in the day after Trump ratcheted down his rhetoric and told business and government leaders in Europe that he would not use force to take "the piece of ice." The de-escalation in tensions helped the S&P 500 recover just over half of its 2.1% drop from the day before and pull closer to its all-time high set earlier this month."
The U.S. stock market rebounded after President Donald Trump said he reached a framework for a Greenland deal and would not impose threatened tariffs on several European countries. The S&P 500 rallied 1.2%, the Dow jumped 588 points and the Nasdaq climbed 1.2%, recovering more than half of the prior day's decline. Treasury yields eased and the U.S. dollar regained some losses as investor worries cooled. Trump softened his rhetoric, saying he would not use force to take "the piece of ice," and called the earlier selloff "peanuts" compared with prior gains. The episode followed a pattern of big threats followed by de-escalation.
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