CNBC Business News Update - Market Close: Stocks Higher, President Trump Announces Concept Of Greenland Deal, Anti-US Sentiment Abroad 1/21/26

Episode Date: January 21, 2026

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I'm Jessica Eddinger, CNBC. Wall Street opens Thursday morning after a wild Wednesday with stocks finishing higher on the concept of a deal over Greenland and more with NATO. President Trump calling off tariffs on Europe. The Dow was up 588 points. A little more than 1 percent. Shares of Amgen led the Dow higher. They were up nearly 4%. The S&P 500 index up 78 points.

The NASDAQ up 270 points. Shares of NVIDIA were up nearly 3% on Wednesday. CNBC's Joe Kernan with President Trump at the World Economic Forum in Davos, Switzerland. He asked about the Greenland deal. We have a concept of a deal. I think it's going to be a very good deal for the United States, also for them. And we're going to work together on something having to do with the Arctic as a whole, but also Greenland.

And it has to do with the security, great security, strong security, and other things. Here's CNBC's Amon Javvers in Washington. The president said he's got a concept of a deal. It has something to do with the Arctic as a whole. He called it pretty much a concept of a deal. Joe pushed him on the idea of, is this going to be U.S. ownership of Greenland? And the president said, well, it's a little bit complex. We'll talk about it down the line.

So the president not committing to any specifics of the deal that he's agreed to here that seems to have ratcheted down tensions. For investors, it's been a lot of uncertainty. uncertainty and even instability, said Charles Schwab's Lizanne Saunders on CNBC. We are navigating sort of this constantly moving target. And I think you can apply that to geopolitics, to trade policy, to monetary policy. Instability is just a different animal. And a take now from Capitol Welts, Malcolm Etheridge on CNBC. We're heading toward a midterm election where we're probably going to see the president get a little more aggressive in making

sure that he enacts the last few pieces of his political agenda before the balance in Congress gets upset. And so we're probably going to get a lot more of these like existential shocks, which probably create a number of opportunities for investors, gives you those buying opportunities throughout the entire year. IBM's CEO spoke with CNBC's Sarah Eisen in Davos about people around the world starting to avoid buying and using American products and brands. The rise of anti-American sentiment, which is back on the table. Wall Street Journal article that the Danish consumers are avoiding U.S. products with an app, that sort of thing.

I remain equally wary. If the anti-American sentiment becomes too high, that will be a big concern to any company that is based out of the United States. That's IBM's CEO of Ghrin Krishna on CNBC. Gold hit a new record again on Wednesday, breaking $4,800 an ounce on the Greenland tariff threats. Silver pulled back. Natural gas prices are soaring up. 20% Wednesday. Heating oil prices at their highest since Thanksgiving as an Arctic cold blast aims for a large part of the U.S. Heating demand expected to spike. Pending home sales tanked sharply in December, dampening a little bit the outlook for the spring housing market. Apple working to change highly criticized Siri into an AI chatbot in its phones working with Google and using Google's Gemini product. On Thursday's,

Watch list the World Economic Forum continues in Davos, Switzerland. We get earnings from Intel, Procter & Gamble, Abbott Labs, CSX, Alaska Air, and Capital One. We find out how many people applied for unemployment benefits last week. And the Academy Award nominations will be announced. Jessica Eddinger, CNBC. Breaking earnings news. Market reaction this week on CNBC and streaming on CNBC Plus.