The Economic Times

US stock market rallied for a second straight day: Why the Dow, S&P 500, and Nasdaq are climbing toward record highs as Greenland tensions ease and key inflation data looms

US stock market rallied for a second straight day as investor confidence improved. The Dow Jones rose 245 points, while the S&P 500 and Nasdaq neared record highs. Investors cheered the withdrawal of threatened 10% tariffs on European allies. Markets now pivot to the crucial PCE inflation index release. This data remains the Federal Reserves favorite gauge for determining future interest rate cuts.