Trump Announces Greenland Framework, Cancels European Tariffs

President Donald Trump donald trumphas announced a framework agreement over Greenland, alongside the cancellation of tariffs on several European countries that were scheduled to take effect on February 1. This announcement has triggered a broad rally across the U.S. stock market, with all 11 sectors of the S&P 500 GSPCexperiencing gains and Treasury yields falling as much as 5 basis points at the long end. The energy sector led the rise, climbing 2.4%, while notable gains were seen in the biotech and semiconductor sectors with Moderna Inc MRNAsurging 16% and Intel Corporation INTCrising 12%.