U.S. Futures Extend Rebound as Trump Eases Greenland Tariff Threat

U.S. stock index futures climbed on Thursday, extending the prior session’s rebound after President Donald Trump announced a framework for a deal over Greenland and withdrew his threat to impose tariffs on several European countries.

By 05:15 ET, Dow Jones Futures rose 195 points, or 0.4%, S&P 500 Futures gained 40 points, or 0.6%, and Nasdaq 100 Futures advanced 218 points, or 0.9%.

Wall Street’s main averages surged on Wednesday, bouncing sharply from their steepest one-day decline since October, as geopolitical tensions began to ease.

Greenland Deal Calms Markets

Investor sentiment improved markedly after Trump said he had reached the framework of a potential agreement with NATO regarding Greenland, prompting him to abandon plans for new tariffs on eight European countries starting February 1. He also stepped back from earlier suggestions of using force to secure control of the island.

While Trump offered few concrete details, noting only that further discussions were underway around a proposed “Golden Dome” defense shield as it relates to Greenland, the announcement helped defuse fears of a transatlantic standoff.

It remains unclear whether Trump has fully dropped his long-standing demand that Greenland become part of the United States. Still, markets welcomed the softer tone, viewing it as a signal that the immediate risk of a trade confrontation has diminished.

Earnings and Fed in Focus

With geopolitical risks receding, attention now turns to a heavy slate of corporate earnings and next week’s Federal Reserve meeting.

Major companies reporting on Thursday include Procter & Gamble, GE Aerospace, Intel, and Abbott Laboratories. Results released so far have pointed to resilient corporate performance, underpinned by continued strength in the U.S. economy.

The earnings calendar accelerates further next week, with technology giants such as Microsoft, Meta Platforms, and Tesla all set to report.

The Federal Reserve is also due to meet next week, and markets broadly expect policymakers to leave interest rates unchanged, despite mounting pressure from the White House to cut.

Before then, investors will parse a series of key U.S. data releases later on Thursday. Weekly jobless claims will offer insight into labor market strength, while updated GDP figures are expected to confirm solid economic momentum. The most closely watched release, however, will be core PCE inflation for November, the Fed’s preferred measure of price pressures, which could shape expectations for the path of interest rates in 2026.