Economy

Wall Street gains on tariff relief, strong GDP data

January 22, 2026

Major US stock indices opened higher on Thursday on cooling of geopolitical tensions after President Donald Trump dialed back his tariffs threat on European nations over Greenland acquisition. The market sentiments were also boosted by latest US economy data for third quarter. The inflation-adjusted gross domestic product (GDP), which measures the value of goods and services produced in the US, rose at a revised 4.4% annualized rate, the fastest in two years.

Wall Street gains on tariff relief, strong GDP data

Credit: Livemint

Key Highlights

Official data showed US initial jobless claims steadied at 200,000 last week after a volatile holiday season.
At the opening bell, the Dow Jones Industrial Average rose 0.81%.
The S&P 500 rose 0.70%, while the Nasdaq Composite rose 0.97%.
President Trump also said that he had a “good” meeting with Ukrainian President Volodymyr Zelenskiy and expressed renewed hope the war Russia has started four year ago is going to end.
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Sources

Wall Street gains on tariff relief, strong GDP data

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Wall Street gains on tariff relief, strong GDP data

Key Highlights

Sources

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