During his first term in office, President Donald Trump enjoyed touting how well the stock market was performing. Since Trump assumed office for a second term about one year ago, the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) have risen 15% and 19%, respectively.

Futures for the S&P 500 and the Dow Jones Industrial Average each ticked down 0.1% before the bell, while Nasdaq futures retreated 0.3%. All three indices are coming off steep losses from a day earlier after Trump threatened to slap higher tariffs on eight European countries over their opposition to his push for U.S. control of Greenland.

US stocks rose Wednesday but pulled back from larger gains in the wake of the steepest selloff in months, as Wall Street took in President Trump's speech at Davos for insight into the Greenland crisis.

The blue-chip Dow Jones Industrial Average climbed nearly 600 points, or 1.2% to close at 49,077.23. The S&P 500 gained 1.2%, and the Nasdaq advanced 1.2%, or 270 points. All three indexes had their best day of the year.

President Donald Trump spoke to the rich and powerful at Davos, addressing topics ranging from Greenland to the stock market to the new Fed chair.

History makes it clear that a sizable stock market decline is expected in the presumed not-too-distant future. However, there's nothing in the 155 years of valuation data that suggests a stock market crash is imminent or that one will occur during President Trump's second year.

Addressing the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, US President Donald Trump said that the Dow is "going to hit 50,000" and ‘the stock markets gonna be doubled” to 100,000 in a “relatively short period of time.

Gold’s scorching rally to an all-time high cooled slightly after President Donald Trump said the US doesn’t want to use excessive force to get Greenland.