5 January 2026, 23:54 USA: Dow Rises to Record High.
US stocks extended their gains on Monday with support from banks, oil companies, and consumer cyclicals as markets were unfazed by the capture of Venezuelan President Maduro by the US military. The Dow advanced 800 points to a new record high, while the S&P 500 gained over 1.5% and the Nasdaq 100 rose by 1%. Chevron shares jumped more than 5% as it is the only US company with operations and valid warrants to operate in Venezuela, with expectations greater US influence in the country supporting the outlook for its sales and future investments. Refiners also rose on the news amid the improved outlook for companies with infrastructure that works with heavy sour crude from Venezuela. In the meantime, JPMorgan, Citi, and NY Mellon all added around 4% on a strong session for lenders. Broader sectors remained underpinned by the outlook of rate cuts by the Fed this year, set to be tested on Friday when the December jobs report is due.
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