Wall Street ends higher as investors cheer Greenland framework deal, averted tariffs
By David French
Wed January 21, 2026 4:52 PM
After yesterday’s enormous selloff, today was a bargain hunter’s dream as all three indexes enjoyed very comfortable gains from the prior session’s huge losses. Then at 11 a.m. began a decline which lasted until 2:30 pm, at which time Trump reversed his position on the Greenland-related tariffs and the market immediately catapulted and closed having recouped a large percentage of Tuesday’s losses.
This has been the typical pattern and the move allowed investors to concentrate their energies more on earnings. The crux of the reversal was that the “framework” of a deal on Greenland had been formed but no details about what that “framework” might look like were given. As today’s expert pointed out, “I don’t think who owns Greenland has any immediate impact on anything. What is the economic impact is whether we all start imposing tariffs on each other.” Per the CBOE, volume was again very brisk at 20.8 billion, well above the 16.8 average.
DJ: 48,488.59 -870.74 NAS: 22,954.32
-561.06 S&P: 6,796.86
-143.15 1/20
DJ: 49,077.23 +588.64 NAS: 23,224.83
+270.50 S&P: 6,875.62
+78.76 1/21
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