--- title: "Dow Extends Comeback, Wipes Weekly Deficit Away" type: "News" locale: "en" url: "https://longbridge.com/en/news/273425412.md" description: "Stocks rallied as geopolitical tensions eased, with the Dow gaining 285 points and erasing weekly losses. President Trump backed down on European tariffs and collaborated with NATO on Greenland. The S&P 500 and Nasdaq also rose. Investors are closely watching geopolitical developments. Oil prices fell to $59.27 per barrel, while gold prices reached $4,913.40 per ounce, driven by geopolitical concerns and expectations of interest rate cuts." datetime: "2026-01-22T21:33:48.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/273425412.md) - [en](https://longbridge.com/en/news/273425412.md) - [zh-HK](https://longbridge.com/zh-HK/news/273425412.md) --- # Dow Extends Comeback, Wipes Weekly Deficit Away Stocks extended gains on Thursday, after President Trump alleviated geopolitical fears by backing down on European tariffs and joining forces with NATO to form "a framework" of a **future deal** regarding Greenland. The Dow added 285 points and wiped this week's losses, while the S&P 500 and Nasdaq settled firmly higher. Investors are still monitoring geopolitical developments closely, with Danish Prime Minister Mette Frederiksen noting she is open to talks with the U.S., but sovereignty negotiations are off the table. _Continue reading for more on today's market, including:_ - What investors need to understand about **open interest**. - **Fed decision** looms, with rates expected to stay the same. - Plus, Alibaba's chip unit plans; DDOG nabs upgrade; and GE's brushes off earnings beat. ## 5 Things to Know Today 1. The Trump Administration started a new **immigration operation** in Maine. (_Reuters_) 2. **Iranian government officials** claimed all anti-government protests were terminated. (_The New York Times_) 3. Alibaba considers **T-head chip unit restructure**. 4. Analyst anticipates strong **Q4 growth** for Datadog. 5. **GE gaps lower** despite upbeat quarterly results. __ __ ## Gold Prices Continue to Shine Oil prices declined on Thursday, after President Trump eased up on tariff threats and U.S. tensions with Iran cooled. Front-month West Texas Intermediate (WTI) crude fell $1.35, or 2,2%, to settle at $59.27 per barrel. Gold prices topped $4,900 for the first time, with geopolitical concerns, a weaker U.S. dollar, and interest rate cut expectations putting the yellow metal in focus. February-dated gold futures added 1.6% to settle at $4,913.40 per ounce. ### Related Stocks - [GLD.US](https://longbridge.com/en/quote/GLD.US.md) - [AEM.US](https://longbridge.com/en/quote/AEM.US.md) - [159562.CN](https://longbridge.com/en/quote/159562.CN.md) - [GDX.US](https://longbridge.com/en/quote/GDX.US.md) - [DDM.US](https://longbridge.com/en/quote/DDM.US.md) - [513500.CN](https://longbridge.com/en/quote/513500.CN.md) - [IAU.US](https://longbridge.com/en/quote/IAU.US.md) - [OIH.US](https://longbridge.com/en/quote/OIH.US.md) - [NEM.US](https://longbridge.com/en/quote/NEM.US.md) - [XLE.US](https://longbridge.com/en/quote/XLE.US.md) - [518850.CN](https://longbridge.com/en/quote/518850.CN.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [UDOW.US](https://longbridge.com/en/quote/UDOW.US.md) - [SGOL.US](https://longbridge.com/en/quote/SGOL.US.md) - [KGC.US](https://longbridge.com/en/quote/KGC.US.md) - [IXC.US](https://longbridge.com/en/quote/IXC.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [GDXJ.US](https://longbridge.com/en/quote/GDXJ.US.md) - [600547.CN](https://longbridge.com/en/quote/600547.CN.md) - [DJD.US](https://longbridge.com/en/quote/DJD.US.md) - [601899.CN](https://longbridge.com/en/quote/601899.CN.md) - [.DJUS.US](https://longbridge.com/en/quote/.DJUS.US.md) - [IEO.US](https://longbridge.com/en/quote/IEO.US.md) - [GLTR.US](https://longbridge.com/en/quote/GLTR.US.md) - [DBP.US](https://longbridge.com/en/quote/DBP.US.md) - [161125.CN](https://longbridge.com/en/quote/161125.CN.md) - [XOP.US](https://longbridge.com/en/quote/XOP.US.md) - [600489.CN](https://longbridge.com/en/quote/600489.CN.md) - [UGL.US](https://longbridge.com/en/quote/UGL.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [DIA.US](https://longbridge.com/en/quote/DIA.US.md) ## Related News & Research - [GRAPHIC-From TACO to FOMO: How retail traders turned Trump-driven volatility into a playbook](https://longbridge.com/en/news/287156428.md) - [JPMorgan lowers 2026 gold forecast, still sees rally towards $6,000 on renewed demand](https://longbridge.com/en/news/286715908.md) - [AGNICO EAGLE ANNOUNCES INVESTMENT IN WALLBRIDGE MINING COMPANY LIMITED | AEM Stock News](https://longbridge.com/en/news/287063692.md) - [Oil futures lose ground in early US trading](https://longbridge.com/en/news/287089289.md) - [PRECIOUS-Gold rises as Treasury yields, oil ease; market eyes MidEast developments](https://longbridge.com/en/news/287089343.md)