New Delhi, Jan. 21 -- US stock indices rose on Wednesday as investors digested President Donald Trump's speech at the World Economic Forum in Davos where he retreated his demand for Greenland acquisition.

As of 10:15 a.m. Eastern Time, the S&P 500, the Dow Jones Industrial Average, and the Nasdaq Composite climbed 0.7% each.

At the open, the S&P 500 rose 0.30%, the Nasdaq Composite index added 0.21% and the Dow Jones Industrial Average climbed 0.33%.

Trump's comments unsettled stock markets earlier in the week.

All three major US indices tumbled nearly 2% on Tuesday, as investors flocked to safe-haven assets after Trump threatened to implement new tariffs on European nations until the US is allowed to buy Greenland, an autonomous terr...