Today, the S&P 500 Index is up 0.57%, the Dow Jones is up 0.63%, and the Nasdaq 100 is up 0.45%. Despite a sharp sell-off on Tuesday, stocks are stabilizing following President Trump’s announcement of intentions for immediate negotiations to acquire Greenland, which he controversially labeled part of North America.
Natural gas prices surged more than 21% today, reaching a six-week high, attributed to an Arctic cold front raising heating demand. Meanwhile, gold prices hit record highs due to safe-haven investments amid geopolitical tensions, driven by Trump’s recent tariff announcements targeting eight European countries.
In economic news, US mortgage applications rose by 14.1% last week. The average 30-year fixed mortgage rate fell to 6.16%. Looking ahead, key data releases include initial weekly unemployment claims, December pending home sales, and Q3 GDP growth, with earnings season underway, showing 88% of reporting companies surpassing expectations.
