Dow closes up 580 points after Trump backs off tariffs over Greenland
(NEW YORK) -- Stocks closed markedly higher on Wednesday after President Donald Trump backed off of tariff threats over Greenland. The major indexes recovered most of the losses they suffered the day before amid trade tensions centered on the Danish territory.The Dow Jones Industrial Average climbed 588 points, or 1.2%, while the S&P 500 jumped 1.1%. The tech-heavy Nasdaq increased 1.1%.U.S. stocks surged on Wednesday afternoon after Trump said he would retract his proposed […]