XPost: alt.politics.trump, sac.politics, alt.fan.rush-limbaugh   
   XPost: talk.politics.guns   
   From: winning@again.org   
      
   Stocks leaped after Wednesday after President Donald Trump called off   
   new Europe tariffs, saying a deal framework has been reached over   
   Greenland.   
      
   Stocks were already rising after the president earlier said in a speech   
   at the World Economic Forum in Davos, Switzerland, that he would not use   
   force to acquire Greenland.   
      
   The Dow Jones Industrial Average   
    surged 588.64 points, or 1.21%. The S&P 500   
    gained 1.16%, while the Nasdaq Composite   
    advanced 1.18%. Even with the day’s gains, the three leading indexes   
    are still in the red for the week. The Dow is pacing for a 0.6%   
    decline, while the S&P 500 and Nasdaq are each on track to post a   
    weekly fall of around 1%.   
      
   “Based upon a very productive meeting that I have had with the Secretary   
   General of NATO, Mark Rutte, we have formed the framework of a future   
   deal with respect to Greenland and, in fact, the entire Arctic Region,”   
   wrote Trump on Truth Social. “Based upon this understanding, I will not   
   be imposing the Tariffs that were scheduled to go into effect on   
   February 1st.”   
      
   Trump later told CNBC that “we have a concept of a deal” with Greenland.   
      
   The so-called “sell America” trade which hit the financial markets   
   Tuesday reversed on Wednesday. The 10-year Treasury   
    price turned higher and its yield turned lower following Trump’s tariff   
    halt. The U.S. dollar index gained with other currencies.   
      
   Tech stocks like Nvidia   
    and AMD   
    led the market comeback as investors piled back into their favorite   
    growth stocks after hunkering down earlier in the week. Bank stocks   
    also rose after the president said in his Davos speech that he would be   
    asking Congress to implement his proposed credit card cap of 10%, an   
    uncertain prospect given lack of support among lawmakers. Citigroup and   
    Capital One each rose roughly 1%.   
      
   “President Trump is so unpredictable and he changes direction so   
   quickly. The stock market no longer assumes that his pronouncements are   
   going to be enforced,” Jed Ellerbroek, portfolio manager at Argent   
   Capital Management, told CNBC. “The battle with Europe over Greenland   
   would have taken the stock market down a lot more than the 2% yesterday   
   if investors actually believed that this was a major geopolitical rift.”   
      
   Even after Trump said there would be no military action over Greenland   
   tensions were high because of the tariff threat. Earlier Wednesday,   
   European lawmakers suspended the European Union’s trade deal with the   
   U.S. that was reached in July in the midst of ongoing tariff tensions   
   over Greenland. Trump had announced over the weekend that eight NATO   
   members’ goods will face 10% tariffs starting on Feb. 1 — which will   
   then escalate to 25% on June 1 — until a deal to purchase Greenland is   
   reached.   
      
   Stocks posted sharp losses in the prior trading day as Trump escalated   
   his Greenland tariff threats and failed to rule out military use to take   
   the territory controlled by Denmark. All three benchmark indexes logged   
   their worst daily performances since Oct. 10. The sell-off also dragged   
   the S&P 500 and the Nasdaq into negative territory for 2026.   
      
   The “sell America” trade Tuesday was accompanied by a spike in U.S.   
   Treasury yields and a decline in the U.S. dollar.   
      
   Treasury Secretary Scott Bessent told reporters in Davos on Wednesday   
   that the Trump administration was “not concerned” about the previous   
   session’s sell-off.   
      
   https://www.cnbc.com/2026/01/20/stock-market-today-live-updates.htm   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)