Wall Street kicked off the first full trading week of 2026 on solid footing, with both the S&P 500 and the Dow Jones Industrial Average pushing further into record territory as investors balanced resilient economic data against steady expectations that interest-rate cuts could arrive later this year.

Market leadership continued to rotate away from mega-cap technology toward more cyclical industries. U.S. equities tied to oil and defense rallied after a U.S. military operation in Venezuela led to the capture of President Nicolás Maduro.

Venezuela Developments Reshape Energy Outlook

President Donald Trump announced that interim authorities in Caracas had agreed to supply between 30 million and 50 million barrels of sanctioned crude to the United States.

Market participants are also watching whether the U.S. administration may impose export controls to restrict Venezuelan oil flows to geopolitical rivals, a move that could reshape global energy trade.

Jobs Report Sends Mixed but Reassuring Signals

The week's most ...