economy
January 21, 2026
Tech stocks rally after Trump says a 'framework' Greenland deal has been reached with NATO
Comments from President Donald Trump in Switzerland eased worries of a widespread conflict in Greenland.
TL;DR
- Tech stocks rose on Wednesday after President Trump announced a "framework" for a Greenland deal and delayed tariff threats on Europe.
- Chip stocks, including Intel and Advanced Micro Devices, led the gains in the technology sector.
- Earlier in the day, stocks had surged due to Trump ruling out military force in Greenland, reducing geopolitical concerns.
- The market had previously seen a sell-off in tech companies following threats of new tariffs on countries opposing the U.S. acquisition of Greenland.
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