JUST IN: 🇺🇸 $700,000,000,000 added to the US stock market today.
🚨Here reason you should know whay market pump today : President Trump announced that the US had formed a "framework of a future deal" with NATO (involving Secretary General Mark Rutte) regarding Greenland and the broader Arctic region. He explicitly called off the new tariffs on several European/NATO countries (previously threatened over opposition to US interest in Greenland), which were set to take effect February 1.
This removed a major source of uncertainty that had triggered a brutal sell-off the day before (Jan 20), wiping out ~$1.2 trillion in market cap. Markets reacted with classic relief: risk-on sentiment returned, volatility (VIX) dropped sharply (~16%), and buyers piled in across the board.
Key numbers from the rebound session:
- S&P 500 +1.16% (~6,875 close)
- Dow +1.21% (~588–600 points higher, near 49,000–49,077)
- Nasdaq +1.18%
- Broad participation: All 11 S&P sectors green, energy and small-caps (Russell 2000 +~2%) led in some reports
- ~$700 billion added to US equity market cap$dow
