U.S. equities surged Wednesday after President Trump signaled a retreat from tariff threats targeting Greenland, easing trade tensions that had rattled markets the previous day. The major stock indexes bounced back sharply, recovering most of their losses from Tuesday's sell-off. The shift in tone came as a relief to investors who had braced for potential escalation in trade disputes. Commodity-linked assets and risk-on sentiment also got a boost from the de-escalation signal, highlighting how quickly policy shifts can reshape market dynamics and investor appetite for growth assets.