"Live Coverage Updates appear automatically as they are published. Live Updates As we get into the new year, the major indices are still exploding higher. The S&P 500 is up 30 points. The SPDR S&P 500 ( SPY) is up just over three points. The Dow Jones is up 86 points, as the Nasdaq soars 222 points. Gold prices are up $93 in reaction. Silver is up about $3.50."
"Even energy stocks are pushing higher on speculation that they'll benefit from rebuilding Venezuela's oil infrastructure. Chevron ( NYSE: CVX) is $11 higher because it's seen as the biggest beneficiary, thanks to its existing presence in Venezuela. In addition, the capture of Venezuela's leader, Nicolas Maduro, and his wife Cilia Flores, is not having a big impact on markets because it's not likely to lead to a full-scale fight."
"Shares of Coinbase ( NASDAQ: COIN) are up $12 a share. All after Goldman Sachs upgraded the stock to a buy rating with a $303 price target. The firm cited that COIN's underperformance has opened an attractive opportunity. It also noted that higher valuation should occur over time as COIN shifts from cyclical to structural growth. Analysts at Mizuho just advised buying the dip in Costco ( NASDAQ: COST)."
Major U.S. indices rose sharply with the S&P 500 up 30 points, the SPDR S&P 500 (SPY) up just over three points, the Dow up 86 points, and the Nasdaq up 222 points. Gold jumped about $93 and silver rose roughly $3.50. Energy stocks rallied on speculation they will benefit from rebuilding Venezuela's oil infrastructure, with Chevron up about $11. The reported capture of Venezuela's leader and his wife did not materially move markets because a full-scale fight appears unlikely. Goldman Sachs upgraded Coinbase to buy; Mizuho recommended buying Costco on dips; Evercore ISI reiterated an outperform on Amazon tied to its AI assistant.
Read at 24/7 Wall St.
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