U.S. stocks closed sharply higher on Wednesday as investors reacted to President Trump's decision to reverse his tariff threats against European allies.

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The Dow Jones index slides Friday despite a rise in Nvidia. The Nasdaq is acting the strongest of the major indexes.

Major stock indexes were mixed on the final day of a volatile week of trading, while safe-haven gold and silver futures set fresh all-time highs.

US stocks spiked on Wednesday after President Trump announced the US and NATO "formed the framework of a future deal" on Greenland and called off threatened tariffs on European nations, just days after he roiled markets with the threats.

The U.S. stock market finished its zigzag week full of tariff threats and cancellations with a quiet and tentative close.

The selloff came in the first trading session since Trump floated the levies.

The Dow is chock-full of high-quality companies that pay growing dividends.

The Dow Jones index dropped Friday following two days of gains from the Greenland deal rally. Intel plunged on earnings.