HKG:9988.HK News 19 January 2026

January 21, 2026, 9:28 PM EST. U.S. stock markets rallied sharply Wednesday following President Trump's announcement at the World Economic Forum in Davos that he would not pursue military force to annex Greenland. The Dow Jones surged 588 points (+1.21%), with the S&P 500 and Nasdaq also posting gains above 1%. Markets gained further momentum after Trump revealed a deal with NATO to avoid tariffs in exchange for a defense agreement with Denmark. The small-cap Russell 2000 led, rising 2%. Investors now shift focus to economic data due Thursday, including the delayed November Personal Consumption Expenditures inflation report, expected at +2.8% year-over-year, and Q3 GDP revision at +4.3%. Weekly jobless claims are also anticipated to hold around 200,000, signaling steady labor conditions. Major earnings reports from GE Aerospace, Abbott, Procter & Gamble, Intel, and others will further shape market sentiment.