US Equity Markets Rise After Trump Rules Out Using Force in Greenland Bid

04:15 PM EST, 01/21/2026 (MT Newswires) -- Major US equity indexes rebounded Wednesday after President Donald Trump ruled out using force or tariffs to take control of Greenland.

* Trump made the remarks during a speech at the World Economic Forum in Davos, Switzerland.

* US Treasury yields were mixed, with longer-term rates edging lower. The 10-year yield slipped 2.6 basis points to 4.28%, and the 20- and 30-year yields dropped.

* March West Texas Intermediate crude oil rose $0.31 to settle at $60.67 per barrel, while March Brent crude, the global benchmark, was last seen up $0.36 at $65.28.

* Moderna (MRNA) and Merck (MRK) said Tuesday that a combination of their experimental drug, intismeran autogene, and Keytruda showed sustained benefit in high-risk melanoma patients over five years following tumor removal. Moderna (MRNA) shares jumped 16% on Wednesday, the biggest gain on the S&P 500, and Merck's (MRK) rose 1.5%.

* Kraft Heinz (KHC) shares fell 5.7%, a day after the company filed a prospectus supplement to register the resale of up to 325.4 million shares held by Berkshire Hathaway (BRK/A) under a 2015 agreement.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.