Etsy, Upwork, Wayfair, Remitly Shares Rise After Trump Halts European Tariffs - 2026-01-21

Etsy (ETSY), Upwork (UPWK), Wayfair (W), and Remitly (RELY) climbed in afternoon trading on January 21, 2026, after President Trump suspended planned 10% tariffs on imports from eight European nations, easing fears of a transatlantic trade war. The move followed a Davos meeting with NATO Secretary General Mark Rutte, where a "framework for a future deal" on Greenland and the Arctic was established. By ruling out military action and delaying tariffs previously set for February 1, the administration reversed market panic that had triggered a 1.4% drop in the S&P 500 earlier in the week. The Nasdaq Composite rose 1.5%, led by tech and semiconductor stocks like Nvidia and AMD, as growth sentiment returned. With inflation concerns receding, the 10-year Treasury yield declined, supporting higher equity valuations. Etsy gained 6.5% year-to-date but remains 19.3% below its October 2025 high of $75.56, trading at $60.99. Over the past year, the stock has seen 28 moves exceeding 5%, reflecting ongoing volatility.