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Stocks Surge on Trump’s Claim of Deal on Greenland | Closing Bell
Posted
January 21, 2026
Views
1,530
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26
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January 21, 2026
1,530
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9:28Now PlayingComprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
Speculative spirits were restored on Wall Street, fueled by hopes for a solution in Donald Trump’s ambitions for Greenland that would avoid tariffs. Stocks and bonds climbed and gold’s rally cooled as the president claimed a framework of a deal with NATO.
Following a cross-asset slide dubbed by some as a revival of the “Sell America” trade, the S&P 500 added 1.2% in its biggest advance since November. All of its major industries rose, with the gauge back in the green for 2026. Energy shares led gains, hitting all-time highs. Small caps beat the US equity benchmark for a 13th straight session. Big tech also jumped.
Donald Trump in Davos.
From US stocks to Treasuries, corporate bonds to emerging markets, exchange-traded funds tracking those major assets saw the strongest pan-market rally since August.
Trump’s decision marks a stark reversal for a president who has repeatedly attempted to coerce Europe over Greenland. It came after a meeting with North Atlantic Treaty Organization Secretary General Mark Rutte at the World Economic Forum in Davos.
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