Market Updates
Tech Stocks Led Wall Street Rebound After Tariff Fears Eased
Barry Adams
22 Jan, 2026
New York City
U.S. stocks rebounded in early trading on Thursday as investors recalibrated geopolitical tensions.
The S&P 500 index increased 1.1%, and the tech-heavy Nasdaq Composite jumped 1.4% amid recovering sentiment for stocks.
The U.S. president walked back from his threats to "purchase" Greenland, if necessary using military force, confirming yet again the so-called TACO trade.
The Greenland crisis appears to be defusing, and the Trump Always Chickens Out rally broadened beyond tech stocks.
Trump said a "framework deal" has been reached between the U.S. and NATO over Greenland, without giving any evidence.
Markets in Europe and Asia rebounded for now in the hopes that the tentative agreement will avoid a wider conflict between the U.S. and the European Union, which could impact global trade.
Moreover, Japan's benchmark index soared as much as 18%, and Japanese bond yields inched lower after the ruling party leaders and government officials talked up the financial outlook and insurance companies stepped up buying.
U.S. Movers
Procter & Gamble Company declined 1.2% to $144.27 after the consumer goods-focused company reported mixed quarterly results amid weakening demand for Gillette razor blades and Pampers diapers.
GameStop Corp. increased 3% to $22.35 after CEO and Chairman Ryan Cohen acquired additional shares in the video game retailer, according to a regulatory filing.
Cohen purchased 500,000 shares at an average price of $21.60 per share, according to a regulatory filing with the Securities and Exchange Commission on Wednesday.
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