ByZachary Folk,
Forbes Staff.
Major stock indexes popped late in the trading day on Wednesday after President Donald Trump announced a “framework of a future deal with respect to Greenland” with NATO and the cancellation of planned new European tariffs, just one day after markets slid following threats of tariffs and trade wars over the Arctic territory.
The Dow Jones Industrial Average was up 677 points, or 1.4%, as of 3:15 p.m. EST, while the S&P 500 and Nasdaq were both up 1.6%.
The jump comes only one day after markets dropped as uncertainty over the future of Greenland rose, prompting the S&P 500 to shed roughly $750 billion Tuesday morning.
