Trump Announces NATO Framework on Greenland, Stocks Jump: Dow +588 (2026-01-21)

U.S. President Donald Trump announced a framework agreement with NATO on Greenland during the World Economic Forum in Davos, easing trade tensions and sending major U.S. indices sharply higher on January 21, 2026. The Dow Jones surged 588.64 points (1.21%) to 49,077.23, while the S&P 500 and Nasdaq gained 1.16% and 1.18%, respectively. The deal, which includes U.S. participation in mineral rights and a "Sky Vault" missile defense collaboration, averts new tariffs on Europe, calming markets after European Parliament paused EU-U.S. trade pact ratification over earlier tariff threats. Bank and nuclear energy stocks rallied, aided by Trump’s call for a 10% cap on credit card interest rates and support for nuclear expansion. Semiconductor shares surged, with AMD up 7.71% and Micron (MU) rising 6.61%. Meta (META) and Alphabet (GOOGL) climbed, but Microsoft (MSFT) fell 2.29%. Netflix (NFLX) dropped 1.94% on weak guidance despite earnings beat, while United Airlines (UAL) rose 2.20%. Kraft Heinz (KHC) plunged 5.72% amid reports of Berkshire Hathaway potentially exiting its stake.