Stocks, Oil Gain Investors Downplay Venezuela Events

2 Days(s) Ago    👁 68
stocks oil gain investors downplay venezuela events

Major stock indexes jumped and oil prices gained on Monday, with energy shares climbing and investors reacting mostly calmly to potential market ramifications after a US military strike that captured Venezuelan President Nicolas Maduro.

The Dow Jones I ndustrial A verage hit a record high early. The S P 500 energy index jumped more than 2 with shares of Exxon Mobil also up more than 2 and Chevron up more than 5. Financial .SPSY shares also rose, while an S P index of defense shares was up more than 1.

After the dramatic events in Venezuela at the weekend, US President Donald Trump said he was putting the South American nation under temporary American control and that he could order another strike if Venezuela does not cooperate with US efforts to open up its oil industry and stop drug trafficking. He also threatened military action in Colombia and Mexico.

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