NEW YORK (AP) 鈥� U.S. stocks rose again Thursday and regained more of their losses for the week following the by President from tariffs he had earlier threatened.
The S&P 500 gained 0.5% and added to its , when Trump said he had reached 鈥渢he framework of a future deal with respect to Greenland鈥� and called off that he said opposed his having . The index has recovered most of it took after Trump shook financial markets with his initial tariff threat.
The Dow Jones Industrial Average climbed 306 points, or 0.6%, and the Nasdaq composite rose 0.9%.
It鈥檚 the latest example of Trump making a big, initial threat, only to pull back after seeing how much pain it created in financial markets. The pattern has led to the 鈥淭ACO鈥� acronym, suggesting that 鈥淭rump Always Chickens Out鈥� if . Tuesday鈥檚 drop for the U.S. stock market was the worst since October and large enough that Trump, who often takes credit when Wall Street is doing well, acknowledged 鈥渢he dip.鈥�
But the pattern has also led to deals for Trump that outsiders may have initially considered unlikely if not for his market-shaking opening moves.
about the framework of a deal on Greenland that Trump said he reached with the head of NATO. And it is not a signed deal yet.
Financial markets were still showing some signs of nervousness on Thursday. Gold鈥檚 price swiveled between small losses and gains before turning 1.6% higher. Its price often rises when investors are looking for something safer to own. The value of the U.S. dollar also weakened against the euro and several other foreign currencies.
But Treasury yields held relatively steady in a signal that foreign investors weren鈥檛 rushing out of the U.S. bond market.
Yields got some support from reports on the U.S. economy鈥檚 strength that came in better than expected. One said benefits last week than economists expected in a potential signal that the pace of layoffs remains low. A second suggested the than the government initially estimated.
A third said that , while spending by U.S. consumers was a touch better than expected.
The yield on the 10-year Treasury climbed as high as 4.28% following the reports, but it later eased to 4.25% from 4.26% late Wednesday.
On Wall Street, Northern Trust climbed 6% after reporting a stronger profit for the end of 2025 than analysts expected. CEO Michael O鈥橤rady also said that the financial services company is entering 2026 with 鈥渟trong momentum across all our businesses.鈥�
Procter & Gamble added 2.6% after likewise delivering a better profit than analysts expected. Revenue for the company behind the Downy, Pantene and Tide brands, though, fell just shy of expectations amid what CEO Shailesh Jejurikar called a 鈥渃hallenging consumer and geopolitical environment.鈥�
Shares of BitGo, a company that helps crypto businesses and traditional financial firms hold and manage digital assets, rose 2.7% in their debut on the New York Stock Exchange. The company priced its stock at $18 per share in its initial public offering, above its earlier estimated range of $15 to $17.
JPMorgan Chase rose 0.5% after a lawsuit filed by Trump against the bank caused minor ripples for its stock. of closing his accounts for political reasons after he left office in 2021.
They helped offset an 8.1% drop for spice seller McCormick & Co., whose profit fell short of expectations. CEO Brendan Foley said it continues to face rising costs because of 鈥渁 shifting global trade environment.鈥�
All told, the S&P 500 rose 37.73 points to 6,913.35. The Dow Jones Industrial Average added 306.78 to 49,384.01, and the Nasdaq composite gained 211.20 to 23,436.02.
In stock markets abroad, indexes climbed across Europe and Asia amid relief on Trump鈥檚 walk back of tariffs.
Japan鈥檚 Nikkei 225 jumped 1.7%, and Germany鈥檚 DAX returned 1.2% for two of the world鈥檚 bigger moves.
Global markets also got support from a continued easing of long-term yields in Japan鈥檚 bond market. They had spiked early in the week on worries that Japan鈥檚 popular that would add heavily to the government鈥檚 already big debt.
But the 40-year Japanese government bond yield has come back since hitting a record and dropped below 4% on Thursday after hitting 4.22% on Tuesday.
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AP Business Writers Chan Ho-him and Matt Ott contributed.
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