Dow hits record, energy stocks end higher after US strikes Venezuela
Mon January 5, 2026 5:09 PM
For the first day of the first trading week of the new year investors reacted with great enthusiasm to this past weekend’s military operation in Venezuela as giving U.S. oil producers access to the world’s largest oil reserves. The energy index jumped a whopping 2.7% as major players Exxon Mobil and Chevron both surged. Obviously the whole defense sector got a major boost as well with the defense index reaching a record high. The banks are also very much back in favor too as Goldman Sachs and JPMorgan Chase also hit records with investors now seeing financials as an attractive alternative to tech.
All eyes are looking forward to Q4 reporting from the big banks. On Friday comes nonfarm payrolls which will hopefully provide more encouragement for the current optimism of three more rate cuts in 2026. All in all, it was an ebullient day with all three indexes straight up from the start and staying there closing with very impressive 3-digit gains. Volume came in at 19.1 billion, way above the 15.9 billion 4-week average.
DJ: 48,382.39 +319.10 NAS: 23,235.63
-6.36 S&P: 6,858.47
+12.97 1/2
DJ: 48,977.18 +594.79 NAS: 23,395.82
+160.19 S&P: 6,902.05
+43.58 1/5
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