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Stocks Surge 1.2% as Trump Eases Tariff Threat

2/7/2026

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Summary

Story summary

On February 7, 2026, stocks stabilized after U.S. President Donald Trump withdrew his tariff threat regarding Greenland.
Trump announced a preliminary deal, producing a 1.2% gain in the S&P 500 after a 2.1% drop.
Gold prices, up 75% in the past year, rose 1% after three days of gains.
The U.S. dollar fluctuated, strengthening against some currencies and weakening against others amid political uncertainty.

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Story summary

On February 7, 2026, stocks stabilized after U.S. President Donald Trump withdrew his tariff threat regarding Greenland.
Trump announced a preliminary deal, producing a 1.2% gain in the S&P 500 after a 2.1% drop.
Gold prices, up 75% in the past year, rose 1% after three days of gains.
The U.S. dollar fluctuated, strengthening against some currencies and weakening against others amid political uncertainty.