Down Jones Closed Higher for the Second Straight Day: Trump Steps Away from Greenland

On Thursday, January 22, 2026, the US equities continue their gains after investors welcomed President Donald Trump’s decision to pause proposed tariffs on European allies related to his push for Greenland, easing tensions that had unsettled markets earlier in the week.

Dow Jones Ended Higher

The Dow Jones Industrial Average rose 306.78 points, or 0.63%, to finish at 49,384.01, recovering from losses triggered by Trump’s recent tariff threat against Europe. The S&P 500 added 0.55% to close at 6,913.35, while the Nasdaq Composite gained 0.91%, ending at 23,436.02. Gains in major technology names, including Nvidia, Microsoft, and Meta Platforms, provided strong support.

Greenland Dispute Remains Unresolved

Trump said he had established a “framework for a future deal” with NATO’s leadership concerning the Arctic island, which the U.S. has expressed interest in purchasing. Denmark’s prime minister, however, reiterated on Thursday that the sovereignty of the territory is not up for negotiation.

Also Read: U.S. Set to Exit World Health Organisation Amid Legal and Financial Dispute

Economic Growth Accelerates

Economic data showed the U.S. economy grew at its fastest pace in two years through the third quarter of 2025. Gross domestic product expanded at an annualised rate of 4.4%, revised higher from the government’s initial estimate. Labour market data was mixed, with initial unemployment claims ticking up slightly to 200,000 for the week ended January 17, compared with 199,000 the previous week, according to the Labour Department.

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