The three major indexes on Wall Street opened higher together as technology and energy shares strengthened.
As of 10:01 a.m. on Jan. 5 local time, the Dow Jones Industrial Average on the New York Stock Exchange was up 520.39 points, or 1.08%, at 48,902.78. The Standard & Poor's (S&P) 500 was up 35.22 points, or 0.51%, at 6,893.69, and the Nasdaq composite was up 133.31 points, or 0.57%, at 23,368.94.
Investor sentiment got a boost as energy stocks rallied across the board on news that the United States had arrested Venezuela President Nicolás Maduro.
U.S. President Donald Trump said U.S. investment in Venezuela's energy institutional sector is a key goal of the administration, noting, "We will have the largest U.S. oil companies in the world go in and spend billions of dollars to fix the badly damaged oil infrastructure."
Chevron rose 2.39%, and ConocoPhillips and SLB gained 1.28% and 6.98%, respectively.
Technology shares also strengthened ahead of the Consumer Electronics Show (CES 2026).
In particular, attention is on keynote addresses by Nvidia CEO Jensen Huang and AMD CEO Lisa Su. Nvidia and AMD shares rose 0.70% and 0.80%, respectively.
The December Institute for Supply Management (ISM) manufacturing Purchasing Managers Index (PMI) was also released that day.
December's ISM manufacturing PMI came in at 47.9, below the market forecast of 48.3. A PMI above 50 indicates expansion from the prior month, while below 50 indicates contraction.
By sector, technology, energy and financials were strong, while utilities and health care were weak.
Defense contractor Lockheed Martin gained more than 2% on the news that the United States had captured the Venezuela president.
European stocks were also higher. The Euro Stoxx 50 index was up 0.90% from the previous session at 5,903.02 in transaction. The U.K. FTSE 100 and France's CAC 40 rose 0.34% and 0.07%, respectively. Germany's DAX rose 1.02% from the previous session.
International oil prices also strengthened. At the same time, front-month West Texas Intermediate (WTI) for February 2026 delivery was up 1.20% from the previous session at $58.01 a barrel.