CNBC Business News Update Market Open: Stocks Higher, Markets Rebound As Trump Says Military Force Won't Be Used Against Greenland, Heating Oil Spikes 1/21/26
Jan 21, 2026
Markets are on the rise as stocks rebound, led by impressive gains from NVIDIA. President Trump shares his vision for Greenland's development at Davos, sparking discussions on geopolitics. Experts highlight instability in trade and monetary policies worldwide, while talks at the forum explore new economic alliances. Meanwhile, gold prices hit records and heating oil spikes due to severe winter weather. Tune in for insights into how these factors could impact your investments!
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Market Rebound Led By Tech
- Stocks rebounded sharply after a prior sell-off, with the Dow up about 1% and the Nasdaq gaining over 1%.
- NVIDIA led gains, signaling tech strength amid market volatility.
Trump Seeks Greenland Talks
- President Trump removed military force from consideration while discussing a U.S. acquisition of Greenland.
- He said he seeks immediate negotiations to discuss the acquisition again at Davos.
Markets Facing Persistent Instability
- Charles Schwab's Lizanne Saunders called the environment 'unstable' and a constantly moving target.
- She linked instability to geopolitics, trade and monetary policy complicating investor decisions.