"The futures are trading flat on Wednesday after a second strong day for Wall Street, as the Dow Jones Industrial Average hit another record high, closing over $49,000 for the first time at $49,484, up a solid 1.04%. The S&P 500 also posted a record high, closing at 6,947, up 0.66%. The tech-heavy Nasdaq also scored a win on Tuesday, closing the day at 23,546, up 0.64%. Continued momentum from Monday carried stocks higher, plus solid economic news on multiple fronts also added"
"Yields were mixed across the Treasury curve after a solid start to the week on Monday. While buying was seen in the shorter T-bill maturities, there was some modest selling across the middle and longer maturities. Investors are clearly focused on upcoming economic data and geopolitical events, such as developments in Venezuela. However, recent market shifts saw yields dip amid broader Fed uncertainty and tech bubble fears, creating a volatile environment for safe-haven assets."
"Oil and Gas: After a solid Monday, stocks were down across the energy complex, and some of the same worries from 2025 resurfaced on Tuesday as expectations of a global supply surplus in 2026 and the lack of immediate supply disruption from geopolitical tensions in Venezuela, as Chevron reported that it will keep Venezuelan oil flowing despite the political upheaval there. Traders are focused on market fundamentals, which point to ample supply and subdued demand concerns. Brent Crude closed at $60.49, down 2.06%, whi"
U.S. equities rose to record closes with the Dow at 49,484, the S&P 500 at 6,947 and the Nasdaq at 23,546, driven by semiconductor strength and renewed momentum in AI and data-center shares. Investors expect strong fourth-quarter results, with big banks starting earnings next week. Treasury yields moved unevenly, with the 30-year near 4.85% and the 10-year around 4.17%, as markets weighed economic data and geopolitical risks. Energy stocks softened on forecasts of a 2026 global supply surplus and continued Venezuelan flows, leaving Brent near $60.49 per barrel.
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