Thursday, 08 January 2026, 8:54 am

    Wall St extends rally after Maduro arrest

    US equities advanced further on Tuesday, extending gains as investors weighed geopolitical fallout and rotated across sectors. Markets had surged on Monday after American forces captured Venezuelan President Nicolás Maduro over the weekend, resetting expectations around energy and regional risk.

    The Dow Jones Industrial Average added another 1 percent, closing above 49,000 for the first time. The S&P 500 rose 0.6 percent to a fresh record, while the Nasdaq gained 0.7 percent, snapping a five-session losing streak.

    Early enthusiasm was tied to possible shifts in energy flows and policy after Maduro—long facing U.S. drug-trafficking charges—was brought before a federal court in New York. By Tuesday, trading reflected a more measured assessment of next steps.

    Chevron, the only US oil company operating in Venezuela, gave back earlier gains to finish 4 percent lower. Crude prices also eased, with West Texas Intermediate down 2.3 percent to about USD57 a barrel.

    Data storage companies Sandisk surged 28 percent, Western Digital soared 17 percent, and Seagate Technology jumped 14 percent to lead S&P 500 higher.

    Elsewhere, gold futures climbed 1.3 percent to around USD4,510 an ounce. The 10-year Treasury yield edged up to 4.2 percent, and the US dollar continued to firm—signaling steady risk appetite amid recalibration.

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