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Barchart
Barchart
Rich Asplund

Stocks Settle Higher as Global Tensions Cool and the Economy Expands

SP Nasdaq Donald Trump US Federal Reserve United States Keven Hassett Greenland NATO

The S&P 500 Index ($SPX) (SPY) on Thursday closed up +0.55%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.63%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.76%.  March E-mini S&P futures (ESH26) rose +0.52%, and March E-mini Nasdaq futures (NQH26) rose +0.72%.

Stock indexes extended Wednesday’s relief rally on Thursday as President Trump's pivot on Greenland continued.  The rally gained momentum after NATO’s chief provided additional details, saying the breakthrough didn’t involve Greenland’s sovereignty.  Strength in chip makers, AI-infrastructure stocks, and the Magnificent Seven technology stocks led the broader market higher on Thursday.

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