Wall Street closed higher on Tuesday as energy stocks surged, pushing the Dow Jones index to an all-time high.
In terms of major index performance, the S&P 500 index rose 0.64% to 6,902.05 points, the Nasdaq Composite rose 0.69% to 23,395.82 points and the Dow Jones rose 1.23% to 48,977.18 points.
The gains were also driven by energy stocks that surged after the US military invasion of Venezuela and the arrest of President Nicolas Maduro and his wife, Cilia Flores.
The S&P 500 energy index rose 2.7% to its highest level since March 2025, with heavyweights Exxon Mobil and Chevron each rising.
Investors are betting that Washington's move against Venezuela's leadership will allow US companies to access the world's largest oil reserves.
Meanwhile, President Donald Trump's administration is also planning to meet with executives from US oil companies this week to discuss increasing oil production in Venezuela.
Meanwhile, shares of electric vehicle (EV) maker Tesla rose 3.1% after the company posted seven straight sessions of losses. Nvidia fell 0.4% and Apple fell 1.4%.
The main focus this week will be on the December NFP jobs data on Friday, which is expected to influence the Federal Reserve's (Fed) monetary policy in 2026.
The market is now pricing in about 60 basis points of interest rate cuts this year, according to LSEG data.
