Wall Street celebrates the end of Trump’s Greenland tariff threats and expects the Supreme Court will kill the rest of them

The S&P 500 closed up 0.55% yesterday on good news about U.S. GDP growth and President Trump retracting his threat to impose more tariffs on Europe if he isn’t given Greenland. The S&P is again above 6,900 and within 1% of its all-time high. Gold hit another record yesterday, too.

But futures on the index were down 0.24% prior to the opening bell in New York and markets in Europe sold off slightly this morning after Asia closed mixed, a sign that traders are booking profits after yesterday’s rally.