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Barchart
Rich Asplund

Stocks Settle Sharply Higher as President Trump Claims Deal on Greenland

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

The S&P 500 Index ($SPX) (SPY) on Wednesday closed up +1.16%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +1.21%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.36%.  March E-mini S&P futures (ESH26) rose +1.18%, and March E-mini Nasdaq futures (NQH26) rose +1.38%.

Stock indexes rallied sharply on Wednesday, recovering over half of Tuesday’s losses, after President Trump said he reached a framework of a deal with NATO regarding Greenland.  Short covering pushed stocks sharply higher on Wednesday after President Trump said he would refrain from imposing tariffs on goods from European nations that oppose his effort to take possession of Greenland. 

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