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Dow Sheds 466 Points as Oil Falls and Labor Signals Cool, Repricing Venezuela Shock

Expectations of higher Venezuelan crude alongside softer labor gauges drove a pullback in energy and equities.

Overview

  • The Dow Jones fell 0.94% (466 points) to 48,996, the S&P 500 slipped 0.34%, and the Nasdaq eked out a 0.16% gain after two sessions of record highs.
  • Brent hovered near $60 a barrel and WTI traded in the mid-to-high $50s as traders assessed potential Venezuelan flows, pressuring U.S. energy shares.
  • President Trump said an interim Venezuelan government would deliver 30–50 million barrels of sanctioned oil to the United States, following reports that U.S. forces captured Nicolás Maduro over the weekend.
  • ADP reported a 41,000 increase in private payrolls for December and JOLTS vacancies fell to 7.15 million for November, reinforcing views of a cooling labor market that shape Fed rate-cut expectations.
  • Mexico’s BMV fell roughly 0.9%, led by declines in miners and GAP, with Grupo México and Peñoles down about 2–3% as regional markets tracked commodity swings.