Incredible! U.S. Stocks Soar as the Dow Breaks 49,000 for the First Time — But This Oil Stock Rallied, Then Crashed in a Dramatic Reversal

Global market attention is firmly on the United States. On Tuesday, U.S. equities entered full rally mode, with the biggest headline being this: the Dow Jones Industrial Average closed above 49,000 points for the first time in history. This “sky-high” surge was nothing short of remarkable. So what fueled such a powerful move? The key driver was the easing of geopolitical fears following the Venezuela situation over the weekend. As markets began to sense that uncertainty was receding, the previously elevated risk-off sentiment cooled, and investors’ risk appetite returned. And it wasn’t just the Dow. The S&P 500 and the Nasdaq also climbed to new record highs, turning the entire U.S. market into a broad-based celebration. However, the most dramatic storyline of the day belonged to a single stock: Chevron. The energy giant delivered one of the most striking intraday reversals in recent memory. Chevron is currently the only U.S. oil company still operating in Venezuela. When the Venezuela news first broke over the weekend, markets anticipated major upside, and Chevron’s share price surged more than 5%. Yet on Tuesday, sentiment flipped sharply — the stock plunged around 4%, becoming the worst performer in the Dow. What caused such a sudden reversal? Simply put, oil prices fell first. Earlier expectations that Venezuela-related risks would disrupt supply and push oil prices higher faded as geopolitical tensions eased. With crude prices retreating, Chevron’s share price followed suit, catching many momentum-driven investors off guard. In short, the U.S. market is delivering high drama. On one side, major indices are celebrating record highs; on the other, individual stocks are experiencing sharp, nerve-wracking reversals. Whether oil prices continue to influence energy stocks, and whether the broader market can sustain these historic levels, are questions investors will need to keep watching closely.