Trump's Tariff Reversal Sparks Wall Street Rally; India Market Impact Eyed

• US President Donald Trump's decision to back down from imposing tariffs on European allies led to a strong recovery in the US stock market.
• Wall Street's major indices, including the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite, all closed significantly higher, recovering most of Tuesday's losses.
• Small-cap stocks outperformed, the US dollar recovered, and the rally in gold and silver paused, though precious metals remain near record levels.
• Trump's statements on Truth Social and from the World Economic Forum in Davos, particularly regarding Greenland and NATO, influenced market sentiment.
• Investors are now focusing on upcoming corporate earnings from Procter & Gamble, GE Aerospace, Intel, and Capital One, as well as key economic data like US Q3 GDP and PCE inflation.

Why It Matters: Trump's tariff reversal fueled a major Wall Street recovery, with global markets, including India, watching for ripple effects.