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Stock Market Live December 17: Venezuela Blockaded, S&P 500 (VOO) Rebounds
Yahoo Finance· 2025-12-17 15:27
Market Overview - The Vanguard S&P 500 ETF (NYSEMKT: VOO) closed down 0.2%, marking its third consecutive day of losses, influenced by mixed job data from the U.S. Bureau of Labor Statistics [1] - The market showed signs of recovery with a 0.3% increase in premarket trading [1] Oil Industry - The Trump Administration announced a "total and complete" blockade against sanctioned oil tankers in Venezuela, contributing to a 1.5% increase in WTI and Brent crude oil prices [2] - Current prices are over $56 per barrel for WTI and nearly $60 for Brent, with potential impacts of the blockade estimated to affect 0.4-0.5 million barrels of oil per day, possibly raising prices by $1-2 per barrel [3] Technology Sector - Oracle (NYSE: ORCL) shares are under pressure following reports that Blue Owl Capital will not support a $10 billion deal for a new data center in Michigan, which is part of Oracle's contract with OpenAI [3] - The AI sector is experiencing pressure, with Oracle shares down 2% in premarket trading [4] Lithium Industry - In China, the government's decision to revoke lithium mining permits is boosting shares of global lithium miners, with Sociedad Química y Minera de Chile S.A. (NYSE: SQM) up nearly 5% and Albemarle (NYSE: ALB) up nearly 4% in premarket trading [5]