By DAMIAN J. TROISE, AP Business Writer
NEW YORK (AP) — Stocks gained ground on Wall Street Monday to kick off their first full week of the new year.
The gains were broad, with particularly big jumps for energy companies and banks. Elsewhere, industrial companies and retailers joined in to help boost major indexes.
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Wall Street’s main indexes surged on Monday, with the blue-chip Dow hitting an all-time high due to soaring financial stocks, while energy firms rose after a US military strike that captured Venezuelan President Nicolas Maduro.
In midday trading, the Dow Jones Industrial Average hit an all-time high, jumping 760 points,
Energy stocks moved to the forefront after a U.S. military strike over the weekend that captured Venezuelan President Nicolas Maduro. With Washington “running the country” according to President Trump, investors threw money at energy companies in anticipation of the country’s new leadership allowing U.S.
A new geopolitical conflict is unfolding. Yet, US stocks are… up?
That’s the dynamic on display on Monday as investors digest the US’s raid on Venezuela and the capture of the nation’s president, Nicolás Maduro, over the weekend.
Despite the upheaval of its South American neighbor,