FX.co ★ US Stocks Rebound on Trump Speech

U.S. stocks experienced a recovery on Wednesday, partially reversing the significant losses from the previous day. This rebound came as investors reevaluated their shifts away from American assets following new comments from President Trump at the World Economic Forum. The S&P 500 and Dow Jones Industrial Average each advanced approximately 0.9%, while the Nasdaq 100 increased by 0.7%. During his speech, President Trump assured that the U.S. would avoid using force in its efforts to acquire Greenland, offering some relief to U.S. equities and sovereign bonds. Nonetheless, he reaffirmed his administration's desire to purchase the territory from Denmark, implying potential economic tensions with Europe if negotiations do not progress soon. Despite these developments, broader sectors continued to reflect recent losses, with many major tech companies underperforming. Notably, Netflix's shares dropped by 5% following cautionary statements regarding increased program spending and the expenses associated with the Warner Bros. Discovery agreement. Additionally, Johnson & Johnson's stock fell roughly 2%, despite the company raising its financial outlook. In contrast, United Airlines saw a 3% rise in its shares after reporting its earnings.