"U.S. stocks are rising at the open led by technology and energy stocks. The S&P 500 rose 0.6% early Monday and the Nasdaq composite added 0.7%. The Dow gained 330 points, or 0.7%. The price of U.S. crude oil gained 1% after U.S. forces captured Venezuelan President Nicolás Maduro in a weekend raid. Shares of Chevron and ConocoPhillips jumped after President Donald Trump floated a plan for U.S. oil companies to help rebuild Venezuela's oil industry."
"BANGKOK (AP) - Oil prices fell back Monday while the prices of precious metals surged as markets reacted calmly to the U.S. capture of Venezuelan President Nicolas Maduro in a weekend raid. Asian shares rallied on heavy buying of tech-related stocks after modest gains Friday on Wall Street. The future for the S&P 500 was up 0.2% while that for the Dow Jones Industrial Average was virtually unchanged."
""While the capture of Venezuelan president Maduro by American forces has dominated headlines, financial markets seem unperturbed," Thomas Mathews of Capital Economics said in a report. "We agree with the implicit view that the near-term economic and financial implications are minor." Shortly after trading began Monday, U.S. benchmark crude oil rose slightly. But it later was trading 36 cents lower at $56.96 per barrel. Brent crude, the international standard, gave up 34 cents to $60.41 per barrel."
U.S. stocks opened higher, led by technology and energy, with the S&P 500 up 0.6%, the Nasdaq up 0.7% and the Dow gaining about 0.7%. U.S. crude initially rose after U.S. forces captured Venezuelan President Nicolás Maduro but later traded lower near $56.96 per barrel; Brent settled around $60.41. Chevron and ConocoPhillips jumped after President Donald Trump suggested U.S. oil firms could help rebuild Venezuela's oil industry. Gold jumped 2.4% and silver surged 7.6%. Asian and European shares advanced modestly, and analysts noted markets seemed unperturbed despite the geopolitical developments. Venezuela's oil sector remains in disrepair and will need years and major investment to recover.
Read at Fortune
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