Nasdaq futures indicated a predominantly downward trajectory on Wednesday, following the previous day’s achievement of new intraday and closing record highs by the Dow Jones Industrial Average and S&P 500. Concurrently, oil prices experienced a decline in response to remarks from President Donald Trump regarding Venezuela’s potential provision of up to 50 million barrels of sanctioned crude to the United States. Futures for the Nasdaq 100 and S&P 500 experienced declines of 0.3% and 0.1%, respectively, whereas Dow futures saw a modest increase of 0.1%. Major equities indexes experienced a significant increase during the initial two trading days of the week, following the U.S. military’s weekend apprehension of Venezuelan president Nicolás Maduro. Yesterday, the blue-chip Dow, benchmark S&P 500, and tech-heavy Nasdaq experienced respective increases of 1%, 0.6%, and 0.7%. Notably, the Dow closed above 49000 for the first time, while the S&P 500 also concluded at a new all-time record.

On Tuesday evening, President Trump stated on his Truth Social network that “the Interim Authorities in Venezuela will be turning over between 30 and 50 MILLION Barrels of High Quality, Sanctioned Oil, to the United States of America.” West Texas Intermediate futures, the U.S. crude oil benchmark, experienced a decline of 0.5%, settling at $56.85 a barrel on Wednesday morning. Shares of Chevron, the only U.S.-based oil company currently active in Venezuela, surged more than 5% to pace the Dow on Monday, but dropped 4.5% to lead index decliners yesterday. Chevron shares experienced an increase of nearly 1% in premarket trading on Wednesday.

In anticipation of the ADP employment report for December, scheduled for release at 8:15 a.m., the 10-year Treasury yield, a key determinant of interest rates across various commercial and consumer loans, declined to below 4.15%, down from approximately 4.17% at the close on Tuesday. Gold futures declined by 0.5%, settling at approximately $4,475 per ounce, following a brief ascent earlier on Wednesday towards their historical peak of $4,584 established on December 26. Bitcoin was trading around 92,100, down from the day’s high around 93,800. The U.S. dollar index, which measures the value of the greenback relative to a selection of foreign currencies, remained relatively stable at 98.60.

Data-storage firms Sandisk, Western Digital, and Seagate Technology Holdings, whose shares soared a respective 28%, 17%, and 14% on Tuesday to pace the S&P 500, all pulled back roughly 1% before the bell. Nvidia and chipmaking rival Advanced Micro Devices, whose stocks slipped a respective 0.5% and 3% yesterday after their chief executives spoke at CES 2026 in Las Vegas and announced new AI chips, were slightly higher and lower, respectively, before the bell. Shares of bitcoin-treasury firm Strategy were up 4% following MSCI’s announcement that it would not exclude digital asset treasury companies from its indexes.