US stock markets stage modest recovery as Trump clarifies Greenland stance at Davos

U.S. stocks staged a modest recovery on Wednesday after President Trump clarified his stance on Greenland at Davos. Major indexes gained as geopolitical risks eased slightly.

Insights:
Major US USUSstock indexes staged a modest recovery on Wednesday, January 21, 2026, following the sharpest equities selloff in three months during the previous session. Investor sentiment improved after Donald Trump donald trumpspoke at the World Economic Forum in Davos, Switzerland CHCH, where he provided a clarification on his administration's pursuit of Greenland, an autonomous territory of Denmark DKDK. The Dow Jones Industrial Average rose 203.56 points, or 0.42%, to close at 48,692.15, while the S&P 500 advanced 27.28 points, or 0.40%, to 6,824.14. The Nasdaq Composite finished the day up 45 points, or 0.20%, at 22,999.6.
FILE PHOTO: A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 13, 2026. REUTERS/Brendan McDermid/File Photo
FILE PHOTO: A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 13, 2026. REUTERS/Brendan McDermid/File Photo
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