US Stocks Defy Global Turmoil, Dow Hits 49,000 Amid Venezuela Crisis

Share Market
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CNBC Awaaz•06-01-2026, 07:21
US Stocks Defy Global Turmoil, Dow Hits 49,000 Amid Venezuela Crisis
- •US stock markets surged, with Dow Jones hitting 49,000, despite the Venezuela crisis and President Maduro's court case.
- •Energy and banking sectors led the rally, driven by stable crude oil prices and future demand expectations.
- •Venezuelan President Nicolas Maduro appeared in a US court, claiming innocence and "prisoner of war" status; next hearing March 17.
- •Global reactions include China's criticism and Colombian President Petro's threat, while Venezuela sees increased military presence.
- •US manufacturing sector declined for the 10th consecutive month, yet Wall Street's focus remains on sectoral growth.
Why It Matters: Wall Street prioritizes corporate performance and sectoral growth over global political instability.
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