Stocks rose on Thursday, extending their gains from the previous session after easing geopolitical fears sparked a broad-based market rally.

The Dow Jones Industrial Average is back on the doorstep of record territory. The blue-chip index was up 434 points, or 0.9%, near 49,507, at last check. Any close of 49,590.20 would be a fresh record close,

Stock futures advanced Thursday, a day after major equities indexes rebounded as President Donald Trump reduced tensions with European allies by backing off his threat of imposing new tariffs over Greenland.

US stocks got clobbered on Tuesday in Wall Street's worst day since October, returning to the kind of tariff-fueled routs that plagued markets last spring after President Trump reignited trade-war tensions with Europe over his ambitions to take control of Greenland.

U.S. stocks extended their decline in midday trading on Tuesday after President Trump threatened to impose new tariffs on European allies opposing the sale of Greenland to the U.S. The Dow Jones Industrial Average was falling by more than 500 points,

Major stock indexes surged Wednesday, a day after major equities indexes recorded their worst day in three months, as President Donald Trump appeared to rule out military force in Greenland.

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.

US equities suffered big losses on Tuesday (January 20) after US President Donald Trump intensified his rhetoric on Greenland, threatening to impose new tariffs on countries opposing the sale of the Danish territory to the United States.

The Dow closed out a winning December, up 0.7%, and notched its eighth winning month in a row — the first such streak going back to 2018. The S&P 500 ended the month down less than 0.1%, and the Nasdaq was off 0.5% for the period. — CNBC's Alex Harring and Chris Hayes contributed to this report.