Tech stocks rally after Trump reached ‘framework’ Greenland deal
Traders work on the New York Stock Exchange during morning trading on January 21, 2026.
Michael M. Santiago | Getty Images
Technology stocks rebounded on Wednesday after President Donald Trump said the United States had reached a “framework” for a deal between Greenland and NATO and backed off tariff threats against Europe.
Trump announced the development in a post Real Social and said it would suspend tariffs planned for February 1 on many European countries.
“This solution, if completed, would be a great solution for the United States and the entire NATO Nation,” he wrote.
Chip stocks have led the tech sector’s rise. Intel Rallyed about 12% Advanced Micro Devices, Arm Holders, Western Digital And Micron Technology each rose more than 6%. Marvel Technology 3.5% added.
Stocks rose earlier in the day after Trump rejected the use of military force in Greenland and eased geopolitical fears that led to a global sell-off earlier in the week.
On Tuesday, as leaders met in Davos, Switzerland, technology companies were sold after Trump promised to impose new tariffs on eight countries that opposed the US purchase of Greenland. World Economic Forum
In addition to a possible peace agreement between Russia and Ukraine, the seizure of Greenland is among the agenda items of the president and his team in Switzerland.
Elsewhere, Tesla’s And Nvidia While it gained approximately 3% in value, Meta Platforms 1.5% added. Amazon, sales force And Apple rose slightly.
WRISTWATCH: President Trump: I will not use force in Greenland
