Stock Market Update

[BRIEFING.COM] The S&P 500 (+1.5%), Nasdaq Composite (+1.6%), and DJIA (+1.5%) have seen a surge to new session highs after President Trump said that the framework of a future deal with respect to Greenland and the entire Arctic region has been formed with Mark Rutte, Secretary General of NATO. Additionally, he said he will not impose the tariffs that were set to go into effect February 1.

The major averages are now a touch above session highs from this morning, while the Russell 2000 (+1.9%) and S&P Mid Cap 400 (+2.1%) have surged even higher. 

All eleven S&P 500 sectors are back in positive territory, including the information technology sector (+1.8%), which had a brief stint in negative territory.

Additionally, the CBOE Volatility Index is down 16.2% to 16.83 after trading close to 21.00 earlier in the day.