Traders work on the floor of the New York Stock Exchange during morning trading on January 21, 2026.
Michael M. Santiago | Getty Images
Tech stocks rallied on Wednesday after President Donald Trump said the United States had reached a “framework” for the North Atlantic Treaty Organization (NATO) and Greenland agreements and scaled back tariff threats against Europe.
President Trump announced the development in a post on Truth Social, saying he was suspending tariffs scheduled for February 1 on several European countries.
“Once completed, this solution will be a great solution for the United States and all NATO countries,” he wrote.
Semiconductor stocks led the tech sector’s gains. intel While it rose nearly 12%, advanced micro device, arm holdings, western digital and micron technology Each rose more than 6%. marvel technology Added 3.5%.
Stocks soared earlier in the day after President Trump said he would rule out using military force against Greenland, easing geopolitical concerns that had sparked a global sell-off earlier in the week.
Tech companies were sold after President Trump pledged to impose new tariffs on eight countries that oppose the U.S. takeover of Greenland during a summit in Davos, Switzerland, for the World Economic Forum on Tuesday.
A possible peace agreement between Russia and Ukraine and the occupation of Greenland are on the agenda of the president and his team during their stay in Switzerland.
In other places, tesla and Nvidia It rose by about 3%, but meta platform Added 1.5%. Amazon, sales force and apple rose slightly.
Attention: President Trump: Will not use force against Greenland
