US stock futures saw an uptick on Thursday, benefiting from a positive sentiment that followed a rally spurred by President Trump’s recent announcements regarding tariffs and diplomatic talks related to Greenland. Dow Jones Industrial Average futures gained approximately 0.4%, while S&P 500 futures rose by 0.6%, and contracts for the tech-heavy Nasdaq 100 climbed by 0.9%.
The surge in the markets can be traced back to comments made during Wednesday’s trading session when Trump indicated a halt on proposed tariffs aimed at European nations. This announcement was coupled with an indication of burgeoning negotiations concerning Greenland. Investor concerns that had previously pressured the markets appeared to ease, igniting a substantial rally.
In his post on Truth Social, Trump stated that he and NATO Secretary-General Mark Rutte had laid out a “framework” for potential agreements regarding Greenland. He confirmed, “I will not be imposing the Tariffs that were scheduled to go into effect on February 1st,” following his earlier threats to enforce a minimum 10% tariff on European countries that did not support a US acquisition of Greenland.
This news prompted a rally in stock prices, with the major indices — Dow, S&P 500, and Nasdaq Composite — all witnessing substantial increases of over 1%. Notably, the S&P 500 and Nasdaq both recorded their best performance days of 2026. However, even with this rebound, the primary indexes remain in the negative for the week.
As the week progresses, investors are preparing for a busy schedule that includes key earnings reports and economic data releases. Notable companies such as Intel, Procter & Gamble, and GE Aerospace are expected to announce their results on Thursday. Expectations for Q4 earnings are running high, although data from Bloomberg suggests that instances of companies surpassing estimates have had the lowest historical impact on stock prices.
Additionally, weekly jobless claims data is anticipated to be released before the market opens, which could further influence trading dynamics.
Meanwhile, on the commodities front, Goldman’s projections for year-end gold prices have been raised to $5,400, reflecting optimism in the market. Globally, semiconductor stocks experienced significant gains, fueled by enthusiastic remarks from Nvidia’s CEO during a conference in Davos, which stoked excitement around artificial intelligence. In contrast, gold prices have dipped following Trump’s moderated rhetoric about Greenland, creating a mixed environment for investors.
