Dow surges 700 points, tops 49K for first time as Maduro capture sends Wall Street cheering
New York Post·2026-01-05 17:17

Market Performance - Wall Street's main indexes surged, with the Dow Jones Industrial Average hitting an all-time high of 49,095, up 713 points or 1.5% [1] - The S&P 500 gained 0.8%, while the Nasdaq climbed more than 200 points or 1% to 23,458 [1] Sector Performance - The S&P's energy index rose by 1.3%, with Exxon Mobil and Chevron increasing by 1% and 4% respectively [3] - Defense-related stocks advanced, with Lockheed Martin rising 2.5% and General Dynamics climbing 2.8%, contributing to a broader aerospace and defense index gain of 1.2% [3] - Goldman Sachs jumped 4.75% to a record high, while JPMorgan Chase and American Express rose by 3% and 2.6% respectively [3] Investor Sentiment - Investors are optimistic that the U.S. military action against Venezuela's leadership will allow American firms access to the world's largest oil reserves [2][7] - The market's stability in the tech sector, which was previously sold off, saw a slight increase of 0.2%, with Nvidia adding 0.6% and Tesla rising 4.2% after seven consecutive losses [5] Economic Indicators - The upcoming monthly nonfarm payrolls report is anticipated to influence the Federal Reserve's monetary policy, with markets pricing in about 60 basis points of interest rate easing this year [9]