NEW YORK - All three Wall Street benchmarks closed higher on Jan 21, buoyed by the news that a framework for an agreement on Greenland had been reached, averting the possibility of new US tariffs on European allies.

“We have formed the framework of a future deal with respect to Greenland and, in fact, the entire Arctic Region,” US President Donald Trump wrote on his Truth Social platform. “Based upon this understanding, I will not be imposing the Tariffs that were scheduled to go into effect on February 1st.”