Stock Market Update

The stock market is now on track for a modestly higher opening as investors digest comments made by President Trump at the World Economic Forum in Davos.

While President Trump reiterated that the U.S. will continue to pursue the acquisition of Greenland, he noted that the U.S. will not use force, a comment that immediately sent futures higher. 

Stocks had their worst session of the year yesterday amid increasing geopolitical tensions and tariff threats, without any late-session buy-the-dip interest. Confirmation that the U.S. will not use force to acquire Greenland now provides a potential path toward de-escalating trade tensions with Europe.