U.S. stock futures traded flat
Istanbul, January 6 (Hibya) – After the United States kidnapped Venezuelan leader Nicolas Maduro and U.S. President Donald Trump urged American energy giants to invest in the oil-rich country, U.S. stock futures traded flat on Monday night.
Futures tied to the Dow Jones Industrial Average slipped 9 points, or 0.02%. S&P 500 futures fell 0.01%, while Nasdaq 100 futures dipped 0.03%.
The 30-stock Dow closed at a record on Monday. Markets rallied after the U.S. captured and ousted Venezuelan leader Maduro over the weekend, while Trump encouraged U.S. oil companies to make major investments.
The market moves suggest investors have, this time, set aside worries about broader geopolitical conflicts and have kept their confidence in risk assets as the new year begins.
In regular trading, the Dow gained about 595 points, or roughly 1.2%, to reach an all-time high and post a record close. The S&P 500 rose about 0.6%. The tech-heavy Nasdaq Composite advanced about 0.7%, while growth stocks Tesla and Amazon also gained.
Shares of several energy companies and defense giants climbed on expectations they could benefit from Trump’s push for U.S. oil companies to rebuild Venezuela’s energy sector.
Chevron, the only major U.S. oil company operating in Venezuela, closed up 5.1% on Monday. Exxon Mobil and oilfield services firms Halliburton and SLB jumped, while General Dynamics and Lockheed Martin also rose.
Alongside the rise in U.S. stocks, gold futures had their best day since October 20 as investors moved into safe-haven assets. U.S. crude futures closed up 1.7%.
Analysts say headline geopolitical events can historically trigger short-term volatility and declines in stock prices. However, the S&P 500 rose on the first trading day after the operation, with energy stocks leading gains on expectations that U.S. companies could benefit from a potential infrastructure rebuild in Venezuela. Defense stocks, precious metals and Bitcoin also climbed, indicating a mixed investor reaction.
Usa News Agency