Wall Street Rises as Oil Prices Climb Higher/ Newslooks/ WASHINGTON/ J. Mansour/ Morning Edition/ U.S. stocks climbed Monday morning as oil prices surged following a U.S. military raid in Venezuela. Energy and tech companies led the gains, with Chevron and Exxon Mobil rising sharply. Safe-haven assets like gold and silver also saw strong jumps amid geopolitical tension.
Wall Street Gains After Venezuela Raid — Quick Looks
- S&P 500, Nasdaq, and Dow all rise to start the week
- Chevron and Exxon gain as crude prices jump over 1%
- U.S. crude hits $58.07 per barrel; Brent crude tops $61
- Venezuela raid renews interest in its oil industry recovery
- Trump hints at U.S. energy firms aiding Venezuelan rebuilding
- Tech stocks also rise ahead of CES event in Las Vegas
- Nvidia and Intel post solid early gains
- Gold rises 2.5%; silver jumps 6.9% as investors seek safety
- Treasury yields remain mostly flat amid market caution
- Global markets in Asia and Europe trade mostly higher
Wall Street Rises as Oil Prices Climb Higher
Deep Look
NEW YORK — U.S. stocks began the first full trading week of 2026 with gains across major indexes, driven by rising oil prices and strong performance from energy and technology sectors following geopolitical developments in South America.
The S&P 500 rose 0.6%, while the Dow Jones Industrial Average climbed 504 points, or 1%, in early morning trading. The Nasdaq Composite also gained 0.6%, with momentum building across multiple market sectors.
Investor attention turned sharply toward the energy market after a weekend U.S. military raid in Venezuela led to the capture of President Nicolás Maduro. The event sent crude oil prices higher, with U.S. crude climbing 1.3% to $58.07 per barrel and Brent crude, the global benchmark, up 1.1% to $61.43 per barrel.
Oil stocks responded quickly. Chevron jumped 4.3%, marking one of the strongest gains among large-cap stocks, while Exxon Mobil rose 1.1%. The rally in energy shares helped lift broader market sentiment as investors anticipated potential U.S. involvement in revitalizing Venezuela’s long-struggling oil sector.
President Donald Trump has floated a proposal to involve American oil companies in rebuilding Venezuela’s oil infrastructure, which has suffered from years of mismanagement and sanctions. Analysts suggest Venezuela’s current output of approximately 1.1 million barrels per day could potentially double or triple, given the right investment and access to technology.
While full-scale recovery may take years, even modest improvements in production would increase global supply and present new business opportunities for U.S. energy firms, adding optimism to markets.
Meanwhile, Wall Street is also closely watching the tech sector, as the annual Consumer Electronics Show (CES) kicked off in Las Vegas. Investors looked to major chipmakers and hardware manufacturers for early signs of innovation and spending.
Nvidia shares rose 0.8%, continuing a strong upward trend from the previous year, and Intel climbed 2.1%, fueled by anticipation of new product announcements and market positioning amid growing competition.
In addition to energy and tech, precious metals surged, as gold rose 2.5% and silver soared 6.9%. These gains reflect investor concern over potential instability in global markets and rising interest in safe-haven assets during times of political tension.
Bond markets remained relatively stable, with the 10-year U.S. Treasury yield dipping slightly to 4.18%, down from 4.19% on Friday. The 2-year Treasury yield, more closely tied to Fed policy expectations, edged lower to 3.47% from 3.48%.
Global markets in Asia and Europe showed similar optimism, trading mostly higher and supporting the broader bullish sentiment as the week began.
Though the situation in Venezuela introduces fresh uncertainty, Monday’s market action suggests investors are betting on both opportunity and resilience. Rising energy prices and potential new avenues for corporate involvement in international energy recovery are setting a positive tone — at least for now.
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