U.S. stocks rose as President Trump walked back tariffs, with the S&P 500 gaining 0.5%, the Dow Jones climbing 0.6%, and the Nasdaq rising 0.9%. Trump’s pattern of making big threats then backing down led to a potential deal on Greenland. Details are sparse and it’s not yet a signed deal.

Financial markets showed signs of nervousness, with gold prices rising and the U.S. dollar weakening. Treasury yields held steady. Reports on the U.S. economy showed fewer workers applying for unemployment benefits, faster summer growth, and inflation in line with expectations.

Northern Trust climbed 6% after a strong profit report, while Procter & Gamble added 2.6% despite revenue falling short. BitGo debuted on the NYSE with a 2.7% rise, and JPMorgan Chase saw minor ripples from a lawsuit filed by Trump.

The S&P 500 rose to 6,913.35, the Dow Jones to 49,384.01, and the Nasdaq to 23,436.02. Global markets climbed on relief over Trump’s tariff walk back, with Japan’s Nikkei 225 and Germany’s DAX making significant gains. Japan’s long-term bond yields eased after spiking earlier in the week.

Read more at Yahoo Finance: US stocks climb some more after Trump calls off his tariffs for Greenland