US STOCKS-Wall Street jumps on Greenland framework deal
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Wall Street surged on news of a framework deal regarding Greenland, preventing new U.S. tariffs on European allies. The Dow rose 1.5%, S&P 500 increased by 1.5%, and Nasdaq jumped 1.7%. President Trump announced the deal on his Truth Social platform, stating that tariffs scheduled for February 1st would not be imposed. The Dow Jones Industrial Average rose by 732.01 points to 49,220.6, the S&P 500 gained 103.68 points to 6,900.54, and the Nasdaq Composite increased by 386.98 points to 23,341.31.
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