Market Overview - U.S. stocks opened higher, driven by technology and energy sectors, with the S&P 500 rising 0.6%, Nasdaq composite increasing by 0.7%, and Dow gaining 330 points or 0.7% [1] - Asian shares experienced a rally, particularly in tech-related stocks, following modest gains on Wall Street [2] - European markets also showed positive movement, with Germany's DAX up 0.8%, CAC 40 in Paris up 0.3%, and Britain's FTSE 100 edging up 0.2% [3] Oil and Energy Sector - U.S. crude oil prices initially rose by 1% after the capture of Venezuelan President Nicolás Maduro but later traded lower at $56.96 per barrel [1][3] - Analysts suggest that Venezuela's oil production, currently at about 1.1 million barrels per day, could potentially double or triple with significant investments [4] - Chevron and ConocoPhillips shares surged following President Trump's proposal for U.S. oil companies to assist in rebuilding Venezuela's oil industry [1] Precious Metals - Gold prices increased by 2.4% and silver surged by 7.6%, reflecting a safe-haven demand amid geopolitical tensions [1][5] - The price of gold rose by 2.7% and silver jumped by 6.6% as traders sought safety in precious metals following the U.S. military operation [5] Technology Sector - Major tech companies like Nvidia and Intel saw their shares rise as the CES trade show commenced in Las Vegas [1] - The Nikkei 225 index in Tokyo surged by 3% to its highest close since October 31, indicating strong investor confidence in the tech sector [6] Economic Indicators - Upcoming U.S. economic updates will include reports on the services sector and consumer sentiment, which are crucial for understanding the economic outlook for 2026 [9][10] - The S&P 500 and Dow experienced slight gains at the start of the new year, while the Nasdaq composite faced pressure from declines in major companies like Microsoft and Tesla [11]
Chevron stock is spiking after the U.S. raid on Venezuela