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FX.co ★ US Futures Rise, Oil Companies Soar

US Futures Rise, Oil Companies Soar

U.S. stock futures experienced an upswing on Monday as the first full week of the year commenced. Futures for the S&P 500 increased by 0.3%, while Nasdaq futures rose by 0.7%, and Dow Jones futures climbed by nearly 60 points. Energy stocks saw a significant rise in premarket trading following the capture of Venezuela's President Maduro and his wife by U.S. forces over the weekend. This development came amid President Trump's proposals to spearhead a revival of Venezuela's oil industry with U.S. leadership. As a result, Chevron's shares jumped nearly 7%, Exxon Mobil saw a gain of almost 4%, and ConocoPhillips surged by 6%. The semiconductor sector also enjoyed gains with Nvidia up 1.5%, Broadcom increasing by 1.3%, AMD rising by 2.9%, and Micron Technology advancing by 3.6%. Other major tech stocks showed mixed results: Amazon rose by 0.5%, Alphabet increased by 0.4%, and Tesla gained 1.6%, whereas Microsoft remained relatively unchanged, and both Apple and Meta experienced slight declines of 0.2% and 0.1%, respectively. Investors are now eagerly anticipating a week filled with crucial U.S. economic data, particularly the December jobs report expected on Friday.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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