Mumbai, Jan. 23 -- The Dow climbed 306.78 points (0.6%) to 49,384.01, the Nasdaq advanced 211.20 points (0.9%) to 23,436.02 and the S&P 500 rose 37.73 points (0.6%) to 6,913.35.

U.S. stocks extended their rebound as easing tensions over President Donald Trump's push to acquire Greenland boosted investor sentiment. Trump ruled out using military force and said he reached a "framework" deal on the Arctic territory with NATO Secretary General Mark Rutte, retreating from threats to sanction European nations opposed to his plans. Analysts said the rally reflected a return of the so-called "TACO trade" - "Trump Always Chickens Out" - as markets welcomed his softer tone.

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