The Globe and Mail reports in its Thursday, Jan. 22, edition that U.S. stocks rebounded on Wednesday after a sell-off the previous session, following President Donald Trump's announcement that a framework for a future deal over Greenland has been reached. A Reuters dispatch to The Globe reports that the Dow Jones Industrial Average rose 1.21 per cent, the S&P 500 gained 1.16 per cent and the Nasdaq Composite added 1.18 per cent. The S&P 500 registered its biggest daily percentage gain since Nov. 24. WWM Investments' Matthew Smart said: "Markets aren't rallying because they suddenly understand the endgame in Greenland. They're rallying because uncertainty just got priced out. Pulling back near-term tariffs, while opening a framework with NATO around Greenland tells investors this is shifting from headline risk to negotiation risk." The global bond market was still reeling from a brutal sell-off, having been caught up in worries over exposure to U.S. assets and a surge in Japanese government borrowing costs. U.S. 30-year Treasury yields neared the 5-per-cent threshold for the first time since September, while German bond yields also rose sharply. By Wednesday 30-year bond yields were down 5.1 basis points.