Stocks Surge on Trump’s Claim of Deal on Greenland: Markets Wrap

Calm returns to bond markets after a selloff in Japanese bonds and Treasuries, but experts from BlackRock and Brandywine Global say risks remain.Source: Bloomberg

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By Rita Nazareth

January 20, 2026 at 10:25 PM UTC

Updated on

January 21, 2026 at 9:25 PM UTC

Speculative spirits were restored on Wall Street, fueled by hopes for a solution in Donald Trump’s ambitions for Greenland that would avoid tariffs. Stocks and bonds climbed and gold’s rally cooled as the president claimed a framework of a deal with NATO.

Following a cross-asset slide dubbed by some as a revival of the “Sell America” trade, the S&P 500 added 1.2% in its biggest advance since November. All of its major industries rose, with the gauge back in the green for 2026. Energy shares led gains, hitting all-time highs. Small caps beat the US equity benchmark for a 13th straight session. Big tech also jumped.