U.S. stock futures rose late Wednesday as global tensions eased, helping markets rebound after a sharp selloff earlier in the week. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) Index were up 0.46%, 0.18%, and 0.31%, respectively, at 8:41 p.m. EDT on January 21.
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Earlier in the session, stocks jumped sharply after President Donald Trump said he would not move forward with new tariffs on Europe that were set to begin on Feb. 1. He also announced a “framework” deal related to Greenland, which helped calm investor concerns.
Looking ahead, investors are now turning their attention to Thursday morning. Markets are waiting for the release of the personal consumption expenditures (PCE) price index, a key inflation measure.
In addition, earnings remain in focus. Procter & Gamble (PG), Intel (INTC), and GE Aerospace (GE) are scheduled to report quarterly results on Thursday, which could further influence market sentiment.