The U.S. stock market is bouncing back from its worst day since October, though some signs of fear remain on Wall Street about President Donald Trump’s desire to take Greenland. The S&P 500 rose 0.7% Wednesday after Trump said he would not use force to take Greenland. The Dow Jones Industrial Ave.
— The U.S. stock market is bouncing back from its worst day since October, though some signs of fear remain on Wall Street Wednesday about President Donald Trump’s desire to take Greenland.
The S&P 500 climbed 0.7% after Trump said in a speech before business and government leaders in Europe that he would not use force to take “the piece of ice.” The potential de-escalation in rhetoric around Greenland helped the index recover some of its 2.1% drop from the day before and pull closer to its all-time high set earlier this month.
Other WRAL Top Stories
The Dow Jones Industrial Average was up 353 points, or 0.7%, as of 10:15 a.m. Eastern time, and the Nasdaq composite was 0.7% higher.
Treasury yields also held steadier in the bond market, a day after jumping in a potential signal of worries about higher inflation in the long term. They got help from a calming of government bond yields in Japan. The value of the U.S. dollar was also mixed against the euro, Swiss franc and other currencies after sliding the day before.
But some nerves seemed to remain in the market, and the price of gold rose another 2.
