U.S. stock futures rose early Thursday after the three indexes marked a major rebound in the previous session, aided by President Trump’s easing tariff stance. Trump announced at the World Economic Forum that he would not proceed with his planned tariffs on February 1 and mentioned that no force would be used to acquire Greenland.
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Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were up 0.77%, 0.52%, and 0.29%, respectively, at 3:59 a.m. EST on January 22.
During Wednesday’s regular trading session, the three major averages closed higher. The Dow added 1.21%, while the S&P 500 gained 1.16%, and the Nasdaq Composite climbed 1.18%. Trump announced he would halt new tariffs on Europe scheduled for February 1. He also revealed a “framework” agreement on Greenland, easing global investor worries over a forced acquisition.
Turning toward the economic calendar, investors now focus on Thursday’s release of the Personal Consumption Expenditures (PCE) price index, the Federal Reserve’s preferred inflation gauge. Data on weekly initial jobless claims will also be released today.
On the earnings front, companies reporting today include Intel (INTC), Visa (V), and GE Aerospace (GE).
Notably, the U.S. 10-year Treasury yield was down, floating near 4.23%. WTI crude oil futures were trending lower, hovering near $60.49 per barrel as of the last check. Additionally, the Gold Spot U.S. dollar price decreased to nearly $4,827 per ounce on Thursday.
Elsewhere, European indexes opened higher today following U.S. President Trump’s announcement of a “framework” deal for Greenland and his decision to walk back planned tariffs on Europe.
Asia-Pacific Markets Trade Higher
Asia-Pacific markets also rebounded on January 22 amid a cooling geopolitical environment.
Hong Kong’s Hang Seng Index gained 0.17%. In China, the Shanghai Composite rose 0.14%, while the Shenzhen Component added 0.67%. Meanwhile, Japan’s Nikkei advanced 1.73%, and the Topix surged 0.74%.