The U.S. stock market rebounded after President Donald Trump called off Greenland-related tariffs that he had threatened to impose on Europe.
The S&P 500 rallied 1.2 percent Wednesday. The Dow Jones Industrial Average also rose 1.2 percent, as did the Nasdaq composite. Treasury yields eased in the bond market. They also got some help from a calming of government bond yields in Japan.
On Wednesday:
The S&P 500 rose 78.76 points, or 1.2 percent, to 6,875.62.
The Dow Jones Industrial Average rose 588.64 points, or 1.2 percent, to 49,077.23.
The Nasdaq composite rose 270.50 points, or 1.2 percent, to 23,224.82.
The Russell 2000 index of smaller companies rose 52.81 points, or 2 percent, to 2,698.17.
For the week:
The S&P 500 is down 64.39 points, or 0.9 percent.
The Dow is down 282.10 points, or 0.6 percent.
The Nasdaq is down 290.56 points, or 1.2 percent.
The Russell 2000 is up 20.43 points, or 0.8 percent.
For the year:
The S&P 500 is up 30.12 points, or 0.4 percent.
The Dow is up 1,013.94 points, or 2.1 percent.
The Nasdaq is down 17.17 points, or 0.1 percent.
The Russell 2000 is up 216.27 points, or 8.7 percent.
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