Dow surges 700 points, tops 49K for first time as Maduro capture sets Wall Street cheering
By Taylor Herzlich
Published Jan. 5, 2026
Updated Jan. 5, 2026, 6:21 p.m. ET
The Dow Jones Industrial Average skyrocketed Monday — briefly crossing the 49,000 mark to hit an all-time high — after the weekend’s US military strike on Venezuela and capture of dictator Nicolás Maduro.
Investors celebrated the raid, betting that it would give the US access to Venezuela’s rich oil reserves – though some analysts warned sanctions could make it difficult to ramp up oil exports.
The Dow jumped nearly 600 points, or 1.2%, to close slightly below 49,000 after hitting a new intraday high of 49,209 earlier in the session, while the S&P 500 and Nasdaq rose 0.6% and 0.7%, respectively.
The blue-chip Dow topped 49,000 for the first time.
Shares in Chevron, the only major US oil company currently operating in Venezuela, jumped nearly 8%.
https://nypost.com/2026/01/05/business/dow-surges-700-points-tops-49k-for-first-time-as-maduro-capture-sends-wall-street-cheering/