Dow surges 550 points, S&P 500, Nasdaq jump as Trump backs off Greenland tariff threats
US stocks spiked on Wednesday after President Trump announced the US and NATO “formed the framework of a future deal” on Greenland and called off threatened tariffs on European nations, just days after he roiled markets with the threats.
The Dow Jones Industrial Average (^DJI) jumped around 1.2%, or over 550 points. The tech-heavy Nasdaq Composite (^IXIC) and the S&P 500 (^GSPC) each rose about 1.2% following a bruising Tuesday session that saw investors rush for the exits against a backdrop of global insecurity.
The S&P 500 turned positive for the year with Wednesday’s gains.
DJI – Delayed Quote USD
49,077.23 +588.64 (+1.21%)
At close: 16:09:38 GMT-5
^DJI ^IXIC ^GSPC
Stocks surged in the afternoon from…
