Stock futures rose Thursday after easing geopolitical fears sparked a broad-based market rally. Traders also looked ahead to a key inflation reading due in the morning. Futures tied to the Dow Jones Industrial Average advanced 125 points, or 0.3%. S&P 500 futures added 0.5%, while Nasdaq 100 futures gained 0.9%. Big Tech names such as Nvidia and Microsoft were up around 1% each in the premarket. Micron Technology, along with Meta Platforms, advanced around 2%. Major U.S. stock averages jumped Wednesday after President Donald Trump said he would no longer impose his new Europe tariffs that were set to begin Feb. 1 and announced reaching a deal “framework” over Greenland. Trump, who has been relentlessly pushing for U.S. control of Greenland in recent weeks, said Wednesday on Truth Social that he and NATO Secretary General Mark Rutte have “formed the framework of a future deal with respect to Greenland.” Shortly after that announcement, Trump told CNBC that “we have a concept of a deal” with the Arctic island. Stocks were already rising after the U.S. president earlier said in a speech at the World Economic Forum in Davos, Switzerland, that he would not move to acquire Greenland by force. The S&P 500 rose nearly 1.2% on the day, while the 30-stock Dow surged almost 589 points, or 1.2%. The tech-heavy Nasdaq Composite advanced nearly 1.2%. The Russell 2000 index of small-cap stocks gained about 2% and notched a record close. “The Greenland crisis appears to be defusing and reversing the recent sell-off, although details are still forthcoming around the ‘framework,’” said Eric Teal, chief investment officer for Comerica Wealth Management. He said that the relief rally sparked significant gains in traditional value sectors such as financials and energy stocks. A broadening rally is a “hallmark of a healthy market,” said Gina Bolvin, president of Bolvin Wealth Management. “Investors should not be surprised that, once again, buy-the-dip has proven to be a solid investment strategy,” she said. “While investors should expect more volatility this year, the case for a continued bull market remains strong. … Earnings estimates continue to rise — not just among the ‘Magnificent Seven’ AI leaders, but across sectors such as financials and industrials.” Another market catalyst looms on Thursday morning as traders await the release of the personal consumption expenditures price index. The PCE price index is closely watched by the Federal Reserve, as it’s a preferred inflation gauge that reflects changes in consumer spending behavior. Separately, weekly jobless claims are also due. Stocks are still in the red for the week despite Wednesday’s rally. The 30-stock Dow is headed for a 0.6% decline, while the S&P 500 and Nasdaq on track to lose about 0.9% and 1.2%, respectively. U.S. Treasury yields were relatively unchanged on Thursday as investors awaited the Federal Reserve’s preferred inflation gauge and weighed the latest trade and geopolitical developments. The 10-year Treasury yield was down less than 1 basis point at 4.247%. The 30-year Treasury yield dipped basis point lower to 4.86%. The  2-year Treasury note yield was little changed at 3.597%. Markets in Asia rebounded after U.S. President Donald Trump walked back on his threat to impose tariffs on European countries over Greenland. The Kospi was last up 0.87%, and briefly broke the 5,000 mark before falling to 4,952.53, while the small-cap Kosdaq index gained 2% to end at 970.35. Elsewhere in the region, Japan’s Nikkei 225 was up 1.73% and ended at 53,688.89, snapping its five-day losing streak, while the broad-based Topix rose 0.74% to 3,616.38. Chinese markets saw softer gains, with Hong Kong’s Hang Seng index climbing marginally in its final hour and the CSI 300 index on mainland China climbing 0.01% to 4,723.71. Australia’s S&P/ASX 200 was up 0.75% and finished at 8,848.7, after falling in the previous session. Gold prices ticked down on Thursday, pausing a three-session rally to record ‍highs, as easing tensions over ‍Greenland boosted risky assets, ‍with bullion further pressured by fading expectations of U.S. interest rate cuts in the near term. Spot gold eased 0.3% to $4,824.18 per ounce, after falling nearly 1% earlier ‌in ‌the session. U.S. gold futures for February delivery lost ​0.2% to $4,826 per ounce. Bullion is already up more than 12% this year, having hit a record of $4,887.82 per ounce on Wednesday, on a bullish momentum driven by persisting geopolitical tensions and concerns over Fed independence.