United States stock futures rose on Wednesday night (Thursday AEDT) after easing geopolitical tensions triggered a broad-based rally on Wall Street, lifting risk sentiment across global markets.
By 10:40 am AEDT (11:40 pm GMT), Dow futures ticked up 0.1%. S&P 500 futures gained 0.2%, while Nasdaq 100 futures added 0.3%.
The move followed sharp gains during the regular session after President Donald Trump said he would no longer impose new tariffs on European goods that were due to take effect on 1 February, while also announcing that a deal “framework” had been reached over Greenland.
Trump, who has intensified his push for U.S. control of Greenland in recent weeks, said on Truth Social that he and NATO Secretary General Mark Rutte had “formed the framework of a future deal with respect to Greenland”.
Stocks had already been rising earlier in the day after Trump said during a speech at the World Economic Forum in Davos that he would not move to acquire Greenland by force.
The S&P 500 climbed nearly 1.2% on Wednesday, while the Dow surged almost 589 points, or 1.2%. The tech-heavy Nasdaq Composite advanced close to 1.2%, while the Russell 2000 index of small-cap stocks jumped about 2% to a record close.
Despite the rebound, U.S. equities remain lower for the week so far. The Dow is on track for a weekly decline of about 0.6%, while the S&P 500 and Nasdaq are heading for losses of roughly 0.9% and 1.2%, respectively.
Investors are also watching a busy earnings calendar, with Procter & Gamble, Intel and GE Aerospace set to report quarterly results on Thursday.
On the economic front, weekly U.S. jobless claims are due later in the session.
