India, Jan. 22 -- U.S. stock markets closed higher on Wednesday, staging a partial recovery from a steep sell-off the previous day. The recovery was partly linked to comments from U.S. President Donald Trump at the World Economic Forum in Davos, which analysts said reduced some investor anxiety around trade tensions.

As of today's trading, the Dow Jones Industrial Average was up 0.96% at 48,954.79. The S&P 500 gained 1.06% to 6,868.80, and the Nasdaq Composite rose 1.24% to 23,239.68. The NYSE Composite index held steady. This recovery came after Tuesday's session, which was the worst for the three major averages since October 2023. Tuesday's sell-off was triggered by investor concerns over potential new U.S. tariffs linked to Greenland....