Stock market today: Dow, S&P 500, Nasdaq rise as techs revive, oil majors jump after US strike in Venezuela
Yahoo Finance·2026-01-04 23:56

Group 1: Market Reactions - US stocks experienced a rise, with the Dow Jones Industrial Average increasing by approximately 1.5% (700 points), the S&P 500 gaining 0.8%, and the Nasdaq Composite adding 0.9% [1] - The US military action in Venezuela was a focal point for the markets, but strategists downplayed the long-term economic fallout, leading to a positive sentiment in the market [2] - Shares of US oil majors rose due to expectations of benefiting from the rebuilding of Venezuela's energy infrastructure, with Chevron's stock increasing nearly 4% and Halliburton's stock jumping over 7% [3] Group 2: Oil Production and Market Impact - Venezuela's oil production is currently less than 1 million barrels per day, accounting for under 1% of global output, which limits the potential impact on energy markets [4] - Futures for US benchmark West Texas Intermediate crude and international benchmark Brent both increased by around 1% [4] Group 3: AI Sector Developments - TSMC shares surged after Goldman Sachs raised its price target for the company, anticipating another year of solid growth [6] - Foxconn reported record fourth-quarter revenue, driven by strong demand for AI products, highlighting the robust performance of companies involved in the AI sector [6] - The strong start for the AI trade sets the stage for the CES tech show in Las Vegas, with Nvidia's CEO scheduled to deliver a keynote address [7]

Stock market today: Dow, S&P 500, Nasdaq rise as techs revive, oil majors jump after US strike in Venezuela - Reportify