Stock market today: Dow, S&P 500, Nasdaq edge down with eyes on Trump's Venezuela oil deal, looming jobs data
Yahoo Finance·2026-01-07 00:23

Market Overview - US stock futures are trending lower as investors react to a deal for Venezuela to send oil to the US and await new jobs data [1][3] - Nasdaq 100 futures fell by 0.3%, S&P 500 futures decreased by 0.1%, and Dow Jones Industrial Average futures remained flat after closing above 49,000 for the first time [2] Oil Market Impact - President Trump announced that Venezuela will send up to 50 million barrels of crude oil to the US, valued at $2.8 billion, which has raised concerns among investors [3] - Following this announcement, crude oil prices fell, with West Texas Intermediate futures trading below $57 per barrel and Brent crude dropping toward $60 [4] Economic Data Focus - Attention is shifting to upcoming economic releases, particularly the ISM reading on US services activity and ADP's December update on private sector employment, which is expected to show modest growth [5][6] - The December jobs report, set to be released on Friday, is viewed as a critical indicator of whether the economy is cooling enough to prompt changes in Federal Reserve policy [7] Technology Sector Insights - The CES 2026 show is generating discussions around the technology sector, particularly regarding Nvidia, with analysts divided on its future potential [8] - Mobileye's stock rose by 11% after announcing the acquisition of humanoid robotics startup Mantee Robotics for $900 million [10] China Stock Market Projections - Goldman Sachs forecasts a 20% increase in Chinese stock benchmarks for 2026, driven by earnings growth supported by AI and policy measures [11] - The MSCI China Index is projected to reach 100 by the end of 2026, while the CSI 300 Index is expected to rise to 5,200, reflecting confidence in ongoing earnings expansion and new growth drivers [12]