US stocks climb again after Trump calls off his tariffs for Greenland
AI Summary
U.S. stock markets climbed on Thursday, January 22, 2026, recovering losses from earlier in the week. The rise followed President Trump's decision to call off proposed tariffs on European countries after reaching a "framework of a future deal with respect to Greenland." The S&P 500 rose 0.8%, the Dow Jones Industrial Average increased 0.9%, and the Nasdaq composite was up 1.1%. This pattern of Trump initially threatening tariffs and then retracting them after market downturns has become a recurring theme, leading to market reactions and deal-making. The market's positive response indicates sensitivity to trade policy announcements and reversals.
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