Stock indexes, including the S&P 500, Dow Jones, and Nasdaq, are up today alongside March E-mini futures. The rally is fueled by relief over President Trump’s Greenland pivot, with NATO clarifying the breakthrough did not involve Greenland’s sovereignty. Chip makers and AI stocks are leading the market higher.

US stocks are buoyed by positive economic news, with weekly initial unemployment claims below expectations and Q3 GDP revised upward to 4.4%. Natural gas prices surge over 8% to a 3-year high due to cold weather, boosting nat-gas stocks. Trump refrains from tariffs on European goods opposing his Greenland bid.

Market focus this week includes economic data, potential tariff news, the next Fed Chair, and Greenland developments. Earnings season starts strong, with 81% of S&P 500 companies beating expectations. The Supreme Court delays ruling on Trump’s reciprocal tariffs, with markets anticipating a minimal rate cut at the next FOMC meeting.

Overseas markets are up, with Euro Stoxx 50, Shanghai Composite, and Nikkei Stock 225 posting gains. US interest rates see T-notes down amid stock strength and rising inflation expectations. European bond yields vary, with swaps predicting no rate hike by the ECB. US stock movers include ARM Holdings, Microchip Technology, and more recording gains.

Technology stocks like Meta Platforms and Alphabet are up, while Northern Trust and Venture Global see significant gains. Datadog, Karman Holdings, and Sphere Entertainment also surge. Conversely, Abbott Laboratories, McCormick & Co, and others face losses. Earnings reports from companies like Intel and Procter & Gamble are due.

Read more at Nasdaq: Stocks Extend Wednesday’s Rally on President Trump’s Greenland Pivot