The Economic Times

US stock market bounced back today, rallies sharply: Dow, S&P 500, Nasdaq turn green after Trumps Davos comments ease market anxiety over Greenland and NATO

US stock market bounced back strongly today. All major indexes closed in the green. The Dow jumped 337 points, while the S&P 500 and Nasdaq climbed over 0.70%. Equities rose after Trump ruled out using military force to acquire Greenland. This eased Sell America fears and stabilized the dollar. Bank stocks gained despite proposed credit card rate caps. However, gold surged to $4,856 as trade tensions with Europe remain a long-term risk.