Stocks Rebound as President Trump Eases Rhetoric on Greenland

Natural Gas Industry - Natural gas prices have surged over +21% today, reaching a 6-week high, following a +26% increase on Tuesday, which is benefiting natural gas producers [1] - An Arctic cold front is expected to increase heating demand in the eastern US, potentially causing freeze-offs in wells and disrupting natural gas production [1] Gold and Mining Sector - Gold prices have increased by another 2% today, reaching a new record high, driven by safe-haven buying amid the Greenland crisis and concerns over Japan's fiscal policies leading to higher deficits [2] - Mining stocks are rising as a result of soaring gold prices, with companies like Freeport McMoRan, Hecla Mining, Newmont Mining, Barrick Mining, and Coeur Mining seeing gains of more than +1% [17] Stock Market Overview - The S&P 500 Index is up +0.57%, the Dow Jones Industrials Index is up +0.632%, and the Nasdaq 100 Index is up +0.45%, indicating a recovery after a sharp sell-off [5] - Stocks are stabilizing following President Trump's announcement of seeking negotiations to acquire Greenland, which has alleviated some market fears [4] Mortgage Applications - US MBA mortgage applications rose by +14.1% in the week ended January 16, with the purchase mortgage sub-index increasing by +5.1% and the refinancing mortgage sub-index up by +20.4% [6] Earnings Season - The Q4 earnings season is showing positive results, with 88% of the 33 S&P 500 companies that have reported beating expectations, and S&P earnings growth is expected to rise by +8.4% in Q4 [8] Stock Movers - Chip makers are experiencing significant gains, with ARM Holdings up more than +7% after an upgrade, and other companies like Intel and AMD also seeing increases [16] - Progressive Software is up more than +17% after forecasting stronger-than-expected full-year adjusted EPS, while Nathan's Famous is up more than +9% following an acquisition agreement [19]