NYC stock market hits new high amid geopolitical tensions, with energy stocks leading the rally

2026-01-06 01:28:19

Source: BlockMedia Original Title: [New York Stock Market Close] Maduro Arrest Sparks Energy Stocks to Surge… SLB Up 11%, Chevron Up 6% Original Link: https://www.blockmedia.co.kr/archives/1028683 The New York stock market showed strong gains amid geopolitical tensions. The Dow Jones Industrial Average rose 594.79 points (1.23%), closing at 48,977.2, a new all-time high. The Nasdaq Composite increased 160.19 points (0.69%), closing at 23,395.8; the S&P 500 gained 43.58 points (0.64%), closing at 6,902.05; the Russell 2000 small-cap index rose 1.59%, closing at 252.73.

The U.S. government conducted a raid on the Venezuelan president, a geopolitical event that could potentially impact the markets. However, investors expect the situation not to escalate, maintaining risk appetite and continuous buying in the stock market.

Energy Sector Leads the Rally

Expectations for the recovery of Venezuela’s energy infrastructure increased, leading the market. Shares of U.S.-Venezuela oil partnership companies surged significantly, with top performers rising nearly 5-10%. Energy infrastructure and drilling equipment suppliers performed well, with gains between 7-9%. Energy-related ETFs rose close to 3%.

Financial and Defense Sectors Follow Suit

Financial stocks performed strongly, reflecting expectations of a stable U.S. economic outlook. The defense sector also participated in the rally, benefiting from related policy trends.

Crude Oil and Precious Metals Rise

The market reflects concerns that U.S. policies may lead to supply risks for crude oil, pushing up oil price expectations. This boosted investor sentiment in commodities, with gold futures rising 2.8%, marking the largest single-day increase since October 20 of last year.

Analyst Views

Industry analysts believe that short-term factors driving oil prices higher will persist, but in the long term, the recovery of Venezuela’s infrastructure could serve as a positive turning point. The market has gradually digested the impact of geopolitical events, and uncertainty is easing.

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