Dow Jones jumps 589 points as Trump backs off Greenland tariffs; futures edge up before PCE
The Dow Jones Industrial Average jumped 588.64 points, or 1.21%, after President Trump said he would not impose Greenland-related tariffs set for Feb. 1. Amgen and Nvidia led gains. The move reversed Tuesday’s 870-point drop triggered by tariff fears. Investors now await Thursday’s PCE inflation data and next week’s Federal Reserve meeting.