Traders work on the floor of the New York Stock Exchange during morning trading on January 6, 2026 in New York City.
Michael M. Santiago | Getty Images News | Getty Images
Stock futures hovered near the flatline overnight after the S&P 500 and Dow Jones Industrial Average snapped three-day winning streaks.
Futures linked to 30 stocks Dow Added just 12 points. S&P500 futures There was almost no change, but Nasdaq 100 futures It fell by 0.1%.
The S&P 500 and Dow Jones Industrial Average ended Wednesday’s regular session in the red, despite hitting new intraday record highs. Broad market indexes fell about 0.3%, with the Dow Jones Industrial Average dropping 466 points, or about 0.9%. The tech-heavy Nasdaq Composite Index rose nearly 0.2%, helped by a 2.4% rise in Google’s parent company. alphabet With this, the company’s market capitalization exceeded Apple’s for the first time since 2019.
Oil prices fell on Wednesday after President Donald Trump said Venezuela’s interim authorities would hand over up to 50 million barrels of oil to the United States, raising concerns about rising oil supplies. Shares of major oil refiners Valero Energy and Marathon Petroleum rose on Wednesday after sources told CNBC that Venezuela would continue shipping sanctioned oil to the United States indefinitely.
Markets have largely shunned global geopolitical risks, but rising tensions could test the resilience of stocks as the new year begins.
“Geopolitical headlines are often very short-term market movements…but they tend to be priced in, and then the market starts to focus on what’s more driving the price movement, like earnings, margins, valuations, other metrics,” Ann Walsh, chief investment officer at Guggenheim Partners, said Wednesday on CNBC’s “Power Lunch.” “What ends up happening is that the ‘buy-on-the-spot’ mentality returns and there are very limited opportunities to reposition portfolios.”
“Being diversified and prepared is probably the best insurance in terms of protecting your portfolio and being able to take advantage of opportunities,” Walsh said, adding that stock market fundamentals remain “pretty good” with normalizing valuations and expectations for the Federal Reserve to cut interest rates this year.
Still, Walsh, like many other investors, remains wary of headline risks in the market.
Investors this week await a Supreme Court opinion on the legality of the tariffs President Trump imposed on Friday, which Walsh said could lead to potential market volatility.
