Market Highlights

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. Global stocks were set to extend a rally after US President Donald Trump abandoned his tariff threat against Europe, easing concerns about a renewed trade war. Contracts for European stocks rose 1% after Asian shares followed Wall Street higher on comments from Trump. US equity-index futures also gained, signaling the rally may extend.