US stocks rebounded on Wednesday following a steep selloff, with the Dow, Nasdaq, and S&P 500 each adding over 1%. President Trump’s speech at Davos, calling for negotiations to acquire Greenland, eased fears. The Supreme Court is hearing a case on Trump’s removal of a Federal Reserve governor, impacting markets.
Trump’s less aggressive tone on Greenland negotiations led to a rise in stocks. Despite threats of new tariffs, Trump expressed confidence in acquiring Greenland peacefully. Concerns about Fed independence arise as the Supreme Court hears arguments on Lisa Cook’s removal as a Federal Reserve governor.
Netflix stock fell after underwhelming quarterly results, while S&P 500 companies’ earnings beats had the worst share-price reactions on record. Intel shares soared 10.5% ahead of its earnings report, with analysts optimistic about the chipmaker’s resurgence in the data center server space. Bernstein analyst raised Intel’s price target to $36. Goldberg upgraded Intel shares, citing strong signals for PC chips and an improving manufacturing outlook. Nvidia CEO Huang emphasizes the need for trillions in AI infrastructure. Trump pushes for a credit card interest rate cap. Stocks rise at open after Trump eases Greenland tone. Kraft Heinz stock sinks as Berkshire considers selling shares. Netflix stock drops post-earnings, offers to buy Warner Bros. in all cash deal. Netflix offered to buy the company in all cash, confident in deal approval with progress towards regulatory approvals. Reported revenue of $12.05 billion, beating estimates, with earnings per share at $0.56, slightly higher than forecasted $0.55.
Kraft Heinz stock fell 5% on news Berkshire Hathaway’s CEO may sell 325 million shares. United Airlines stock rose 3% after beating Q4 earnings estimates. Ardagh Metal Packaging stock upgraded to Outperform, rising 7% in premarket.
Treasury yields rose as Greenland turmoil unnerved markets. 10-year yield up 6 basis points to 4.29%, 30-year yield up 8 basis points to 4.92%. Corporate earnings beat estimates but saw worst stock price reactions on record as 2026 outlook turns murky.
Nvidia CEO Jensen Huang sees boom in trade jobs with six-figure salaries. Sees largest infrastructure buildout in history with trillions of dollars needed. Jensen takes stage at Davos, optimistic about demand backdrop.
Chinese stocks rally on Beijing’s push for tech self-reliance, defying global sell-off. Nasdaq-style STAR 50 Index up 3.5%, CSI 300 slightly higher. China aims for AI development and technological breakthroughs, driving market outperformance. Chinese markets have remained strong with robust exports and policy support for advanced manufacturing and technology despite tariff tensions. Bitcoin drops below $90,000 following equities in risk-off sale. Gold reaches record high due to Greenland instability pushing haven higher. 1. The United States has surpassed 700,000 COVID-19 deaths, with the Delta variant causing an increase in infections. Hospitals are overwhelmed, and health officials urge vaccination and mask-wearing to curb the spread.
2. A new study finds that climate change is affecting the frequency and severity of hurricanes, leading to more intense storms and higher rainfall. Scientists warn of the need for urgent action to mitigate the impact of climate change.
3. The global supply chain crisis continues to impact industries worldwide, causing delays in shipments and shortages of goods. Companies are struggling to keep up with demand, leading to increased prices for consumers.
4. The United Nations reports that the number of people facing acute hunger has reached a 5-year high, with conflict, climate change, and the COVID-19 pandemic exacerbating food insecurity. Humanitarian aid is urgently needed to prevent a humanitarian crisis.
Read more at Yahoo Finance: Dow, S&P 500, Nasdaq jump after brutal sell-off as Trump rules out force on Greenland