US stock futures edged higher on Thursday, extending gains after a sharp rally Wednesday driven by President Trump calling off threatened tariffs and flagging a potential deal on Greenland.

Dow Jones Industrial Average futures (YM=F) nudged up 0.1%. S&P 500 futures (ES=F) moved up 0.2%, while contracts on the tech-heavy Nasdaq 100 (NQ=F) advanced 0.4%.

Markets surged during Wednesday’s regular trading session after Trump signaled a pause on planned tariffs targeting Europe and suggested progress toward a diplomatic agreement involving Greenland. The comments helped soothe investor concerns that had weighed on stocks earlier in the week.

In a post on Truth Social, Trump said he and NATO Secretary General Mark Rutte had established a "framework" for a future deal related to Greenland. "I will not be imposing the Tariffs that were scheduled to go into effect on February 1st," the president said, after he threatened to impose a minimum of 10% tariffs on European countries that did not endorse a US purchase of Greenland.

Stocks started moving higher following those remarks, and the rally accelerated into the close. The Dow (^DJI), S&P 500 (^GSPC), and Nasdaq Composite (^IXIC) all surged over 1%, with the latter two major indexes posting their best days of 2026. Despite Wednesday’s rebound, the major indexes remain lower for the week.

Looking to the rest of the week, investors are bracing for a busy stretch of earnings and economic data. Intel (INTC), Procter & Gamble (PG), and GE Aerospace (GE) are set to report results Thursday. Expectations are sky-high for Q4 results, with Bloomberg reporting that beating estimates has been having the lowest impact to stock price on record. Weekly jobless claims data is also due before the opening bell.

Bloomberg reports:

Gold (GC=F) fell after US President Donald Trump withdrew a threat to impose tariffs on European nations and said a “framework of a future deal” over Greenland had been agreed.

Bullion fell as much as 1.1% in early trading, pulling back after three days of gains that had taken it to an all-time high above $4,888 an ounce on Wednesday. Trump announced the Greenland “framework” on social media after meeting North Atlantic Treaty Organization Secretary-General Mark Rutte but gave no further details.

Trump’s brinkmanship over Greenland had sparked a diplomatic crisis with Europe and spooked financial markets, adding to gold’s appeal. Following his comments on Wednesday, the dollar and stocks recovered some losses from earlier in the week. The Bloomberg Dollar Spot Index, a key gauge of the US currency’s strength, rose 0.1%.

Gold has gained over 70% in the past year, setting successive records, and its blistering rally has continued in the early weeks of 2026. The upending of the geopolitical order has been accompanied by renewed attacks by the Trump administration on the US Federal Reserve, eroding trust in the dollar and supporting precious metals.

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