Stock futures are up to begin the first full trading week of 2026, with S&P 500 futures (/ES) up about +0.3% after the United States captured Venezuelan president Nicolas Maduro and President Trump stated that the U.S. would “run” the country.

Crude oil futures (/CL) are up about +0.6% and energy stocks like Chevron (CVX), SLB (SLB), and Valero (VLO) are up sharply as investors continue to weigh potential effects to energy markets after this regime change in the oil-rich South American nation.

Earnings are light, but today’s economic data includes the ISM Manufacturing Index and Total Vehicle Sales.

Snapshot (as of 7 AM ET)

• Oil (/CL) – Oil prices are up 0.8% to near 58 amid the fallout from Nicolás Maduro’s ouster from Venezuela.
• Gold (/GC) – Gold futures are up sharply to start the week, with price near 4,428 for a +2.0% gain after Friday’s +0.2% increase.
• Bitcoin (/BTC) – The cryptocurrency is up +3.5% near 93,350 on the back of a +2.7% rally last session.
• VIX – The VIX closed at 14.51 on Friday, a modest decline from the previous close of 14.95 as volatility remains muted.
• U.S. Dollar (/DX) – The dollar is up 0.3% to 98.4.

Biggest Premarket Movers (as of 7 AM ET - Mark % Change)

1. SLB (SLB): +7.86%
2. Halliburton (HAL): +7.84%
3. Valero Energy (VLO): +6.54%
4. Baker Hughes (BKR): +6.43%
5. Chevron (CVX): +6.00%

1. Comcast (CMCSA): -5.75%
2. Omnicom (OMC): -1.87%
3. Fortive (FTV): -1.61%
4. Pentair (PNR): -1.24%
5. Smurfit Westrock (SW): -1.16%

Economic Data

• Dec. Total Vehicle Sales
• 10:00 AM ET: ISM Manufacturing
• 11:30 AM ET: 3-Month Bill Auction, 6-Month Bill Auction

Notable Earnings

• Premarket: None
• Postmarket: None
• Premarket Tomorrow: None
• Postmarket Tomorrow: None

Upgrades/Downgrades

• Mizuho upgrades Costco (COST) to Outperform from Neutral
• Bernstein upgrades ASML (ASML) to Outperform from Market Perform
• Jefferies upgrades IBM (IBM) to Buy from Hold
• CFRA downgrades Netflix (NFLX) to Hold from Buy
• Melius Research downgrades Uber (UBER) to Sell from Hold
• UBS downgrades RTX (RTX) to Neutral from Buy

This material is intended for informational purposes only and should not be considered a personalized recommendation or investment advice. Investors should review investment strategies for their own particular situations before making any decisions.

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Data contained herein is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. All events and times listed are subject to change without notice.