Stocks Rally, Volatility Curbed as Trump Walks Back Levy Threat
The Greenland flag is seen through a window of a house as a person walks along a snow covered street in Nuuk, Greenland on Jan. 20.
Photographer: Jonathan Nackstrand/AFP/Getty ImagesUS stocks rallied Wednesday after US President Donald Trump said he’d reached a “framework” with NATO for a future Greenland deal.
The S&P 500 Index rose 1.2%, while the Nasdaq 100 climbed 1.4% and the Russell 2000 Index jumped 2.0% to close at a record. Anxiety cooled across Wall Street as the Cboe Volatility Index or VIX, fell to 17.