US Stocks Surge: Tech, Energy Lead Gains Despite Venezuela Turmoil
Business
M
Moneycontrol•05-01-2026, 21:02
US Stocks Surge: Tech, Energy Lead Gains Despite Venezuela Turmoil
- •US stocks rose significantly, led by tech and energy sectors, despite the ouster of Venezuela's President Nicolas Maduro.
- •Traders showed minimal concern over geopolitical risks, with experts citing Venezuela's modest economic impact on the US market.
- •US oil stocks, including Chevron Corp., ConocoPhillips, and Exxon Mobil Corp., rallied after President Donald Trump pledged to revive Venezuela's energy sector.
- •AI-related tech firms like Nvidia Corp. and TSMC saw gains due to accelerated data center buildouts and analyst upgrades.
- •While a bull run is expected for 2026, strategists anticipate more modest returns compared to the past three years.
Why It Matters: US equities shrugged off Venezuelan political upheaval, with tech and energy driving gains amid a cautious bull market outlook.
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