U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.21%

Investing.com -- The S&P 500 closed sharply higher Wednesday after President Donald Trump said he won’t impose tariffs on European nations after reaching a framework for a future deal on Greenland following a meeting with NATO chief Mark Rutte.

At 4:00 p.m. ET (21:00 GMT), the Dow Jones Industrial Average rose 588 points, or 1.2%, the S&P 500 index gained 1.2%, and the Nasdaq Composite climbed 1.2%.

Trump removes threat of tariffs on Europe after agreeing framework on future Greenland deal 

At the World Economic Forum in Davos, Switzerland, President Donald said he had worked out framework plan that would satisfy his demands for Greenland, ending the need to impose new tariffs on European nations that had opposed his plans to annex the Arctic island.

“Based upon a very productive meeting that I have had with the Secretary General of NATO, Mark Rutte, we have formed the framework of a future deal with respect to Greenland and, in fact, the entire Arctic Region,” Trump wrote on Truth Social.

The framework over Greenland will include mineral rights for the U.S. and the Golden Dome - a layered missile defense system for the United States.  

They’re going to be involved in the Golden Dome, and they’re going to be involved in mineral rights, and so are we,” Trump told CNBC’s Joe Kernen in an interview.

U.S. Treasury yields fell sharply following the news.

Netflix slides on weak outlook

Netflix (NASDAQ:NFLX) reported its December quarter earnings after the market close Tuesday. The streaming giant beat market expectations, but its first-quarter guidance came in short. The company flagged declining viewership of non-branded licensed titles, indicating that demand outside its premier in-house content was weakening. 

The numbers came shortly after California-based Netflix improved its $72 billion offer for Warner Bros Discovery’s (NASDAQ:WBD)’studios and streaming division, in an attempt to bolster its stance in a bidding war with Paramount Skydance (NASDAQ:PSKY).

Elsewhere, United Airlines (NASDAQ:UAL) stock rose after the carrier beat quarterly profit expectations and issued an upbeat outlook for the current quarter and the full year, buoyed by strong demand from higher‑income and corporate travelers.

Kraft Heinz (NASDAQ:KHC) stock fell after a regulatory filing indicated that Berkshire Hathaway (NYSE:BRKb) may shed its 27.5% stake in the packaged foods giant, potentially exiting a more than decade-old investment.

Johnson & Johnson (NYSE:JNJ) stock fell despite the pharmaceutical giant forecasting 2026 sales and profit ahead of expectations, adding that it anticipates a hit of “hundreds of millions” of dollars from a drug pricing deal recently notched with the U.S. government.

Halliburton (NYSE:HAL) stock climbed higher after the oil services company reported fourth-quarter earnings and revenue that exceeded analyst expectations, demonstrating resilience amid challenging market conditions.

Travelers (NYSE:TRV) stock gained after the property and casualty insurance giant beat estimates for fourth-quarter profit, driven by stronger underwriting performance and higher investment returns.

The likes of Procter & Gamble (NYSE:PG), GE Aerospace (NYSE:GE), Intel (NASDAQ:INTC), Abbott Laboratories (NYSE:ABT) and Intuitive Surgical (NASDAQ:ISRG) will report earnings on Thursday. 

Peter Nurse, Ambar Warrick contributed to this article

Investing.com – Mexico stocks were higher after the close on Wednesday, as gains in the Industrials, Consumer Goods & Services and Consumer Staples sectors led shares higher.

At the close in Mexico, the S&P/BMV IPC gained 0.47% to hit a new all time high.

The best performers of the session on the S&P/BMV IPC were Banco Del Bajio SA Institution De Banca Multiple (BMV:BBAJIOO), which rose 4.61% or 2.20 points to trade at 49.95 at the close. Meanwhile, Grupo Aeroportuario Del CentroNorte (BMV:OMAB) added 4.28% or 10.35 points to end at 252.24 and GCC SAB de CV (BMV:GCC) was up 4.28% or 8.17 points to 198.84 in late trade.

The worst performers of the session were Industrias Penoles Sab De CV (BMV:PEOLES), which fell 3.08% or 34.52 points to trade at 1,085.00 at the close. Grupo Financiero Inbursa, SAB De CV (BMV:GFINBURO) declined 1.90% or 0.85 points to end at 43.87 and Grupo Mexico, S.A.B. De C.V. (BMV:GMEXICOB) was down 1.86% or 3.70 points to 195.21.

Rising stocks outnumbered declining ones on the Mexico Stock Exchange by 129 to 95 and 15 ended unchanged.

Gold Futures for February delivery was up 1.47% or 69.96 to $4,835.76 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 0.51% or 0.31 to hit $60.67 a barrel, while the March Brent oil contract rose 0.52% or 0.34 to trade at $65.26 a barrel.

USD/MXN was down 0.51% to 17.49, while EUR/MXN fell 0.83% to 20.44.

The US Dollar Index Futures was up 0.15% at 98.59.

Investing.com – Canada stocks were higher after the close on Wednesday, as gains in the Energy, Industrials and Consumer Staples sectors led shares higher.

At the close in Toronto, the S&P/TSX Composite added 0.31%.

The best performers of the session on the S&P/TSX Composite were Vermilion Energy Inc. (TSX:VET), which rose 6.88% or 0.84 points to trade at 13.05 at the close. Meanwhile, Athabasca Oil Corp (TSX:ATH) added 6.86% or 0.47 points to end at 7.32 and Methanex Corporation (TSX:MX) was up 6.30% or 3.96 points to 66.85 in late trade.

The worst performers of the session were Vizsla Silver Corp (TSX:VZLA), which fell 7.08% or 0.64 points to trade at 8.40 at the close. Wesdome Gold Mines Ltd. (TSX:WDO) declined 6.83% or 1.84 points to end at 25.11 and SSR Mining Inc (TSX:SSRM) was down 5.33% or 1.80 points to 31.99.

Rising stocks outnumbered declining ones on the Toronto Stock Exchange by 591 to 381 and 80 ended unchanged.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was down 0.76% to 15.77.

Gold Futures for February delivery was up 1.48% or 70.39 to $4,836.19 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 0.53% or 0.32 to hit $60.68 a barrel, while the March Brent oil contract rose 0.55% or 0.36 to trade at $65.28 a barrel.

CAD/USD was unchanged 0.01% to 0.72, while CAD/EUR unchanged 0.35% to 0.62.

The US Dollar Index Futures was up 0.15% at 98.59.

Investing.com – Colombia stocks were higher after the close on Wednesday, as gains in the Industrials, Services and Agriculture sectors led shares higher.

At the close in Colombia, the COLCAP rose 1.79% to hit a new all time high.

The best performers of the session on the COLCAP were Grupo de Inversiones Suramericana SA (BVC:SIS), which rose 3.68% or 2,200.00 points to trade at 61,920.00 at the close. Meanwhile, Mineros SA (BVC:MAS) added 3.20% or 560.00 points to end at 18,060.00 and Grupo Cibest SA (BVC:CIBEST) was up 3.17% or 2,520.00 points to 82,060.00 in late trade.

The worst performers of the session were Interconnection Electric SA ESP (BVC:ISA), which fell 1.06% or 340.00 points to trade at 31,880.00 at the close. Banco Davivienda Pf (BVC:DVI_p) declined 1.05% or 280.00 points to end at 26,420.00 and Bancolombia Pf (BVC:BIC_p1) was down 0.62% or 440.00 points to 71,020.00.

Rising stocks outnumbered declining ones on the Colombia Stock Exchange by 1 to 0.

Shares in Grupo de Inversiones Suramericana SA (BVC:SIS) rose to all time highs; gaining 3.68% or 2,200.00 to 61,920.00. Shares in Mineros SA (BVC:MAS) rose to all time highs; gaining 3.20% or 560.00 to 18,060.00. Shares in Grupo Cibest SA (BVC:CIBEST) rose to all time highs; rising 3.17% or 2,520.00 to 82,060.00.

US coffee C for March delivery was up 0.14% or 0.50 to $347.00 . Elsewhere in commodities trading, US cocoa for delivery in March fell 4.26% or 198.00 to hit $4,450.00 , while the February Gold Futures contract rose 1.51% or 71.95 to trade at $4,837.75 a troy ounce.

USD/COP was down 0.13% to 3,670.55, while BRL/COP rose 1.03% to 690.99.

The US Dollar Index Futures was up 0.14% at 98.58.

Investing.com – Russia stocks were higher after the close on Wednesday, as gains in the Telecoms, Mining and Oil & Gas sectors led shares higher.

At the close in Moscow, the MOEX Russia Index gained 1.18% to hit a new 1-month high.

The best performers of the session on the MOEX Russia Index were Aeroflot PJSC (MCX:AFLT), which rose 3.89% or 2.19 points to trade at 58.50 at the close. Meanwhile, Unipro PJSC (MCX:UPRO) added 2.86% or 0.04 points to end at 1.51 and OK Rusal MKPAO (MCX:RUAL) was up 2.79% or 1.09 points to 40.14 in late trade.

The worst performers of the session were Polyus PJSC (MCX:PLZL), which fell 0.29% or 7.80 points to trade at 2,641.20 at the close. Magnit PJSC (MCX:MGNT) declined 0.18% or 6.00 points to end at 3,262.00 and ROSSETI PJSC (MCX:FEES) was 0.16% or 0.00 points to 0.08.

Rising stocks outnumbered declining ones on the Moscow Stock Exchange by 165 to 76 and 12 ended unchanged.

The Russian Volatility Index – RVI, which measures the implied volatility of MOEX Russia Index options, was up 3.65% to 24.15.

Gold Futures for February delivery was up 1.45% or 68.96 to $4,834.76 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 0.53% or 0.32 to hit $60.68 a barrel, while the March Brent oil contract rose 0.52% or 0.34 to trade at $65.26 a barrel.

USD/RUB was down 2.19% to 76.34, while EUR/RUB fell 1.67% to 89.97.

The US Dollar Index Futures was up 0.16% at 98.60.

Investing.com -- GRI Bio Inc (NASDAQ:GRI) stock tumbled 21% in after-hours trading Wednesday following the announcement of a 1-for-28 reverse stock split aimed at regaining Nasdaq compliance.

The La Jolla, California-based biotechnology company said its board approved the reverse split, which will legally take effect at 4:01 p.m. Eastern Time on January 23, 2026. GRI’s common stock is expected to begin trading on a post-split adjusted basis on January 26, 2026, under the same ticker symbol.

The company stated the reverse split is intended to increase the per share trading price to meet Nasdaq Capital Market’s minimum bid price requirement for continued listing. The move will reduce GRI’s outstanding common shares from approximately 15,016,434 to about 536,301 shares.

No fractional shares will be issued, with stockholders who would otherwise receive fractional shares getting cash payments instead. Proportional adjustments will be made to the exercise and conversion prices of the company’s outstanding stock options, warrants, and convertible securities.

GRI Bio focuses on developing therapies targeting Natural Killer T cells for inflammatory, fibrotic and autoimmune diseases. Its lead program, GRI-0621, is being developed as an oral therapeutic for idiopathic pulmonary fibrosis.

Stockholders holding shares electronically in book-entry form won’t need to take action to receive post-split shares, while those with physical stock certificates will receive instructions from the company’s transfer agent for exchanging certificates.

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