Stock Futures Mostly Slip After Dow, S&P 500 Hit Record Highs; Oil Falls After Trump Says Venezuela Will Give US Sanctioned Crude

Stock futures pointed mostly lower Wednesday, a day after the Dow Jones Industrial Average and S&P 500 set new intraday and closing record highs, and oil prices fell following comments from President Donald Trump that Venezuela would give the U.S. up to 50 million barrels of sanctioned crude. 

Nasdaq 100 and S&P 500 futures were down 0.3% and 0.1%, respectively, while Dow futures were up 0.1%.

Major equities indexes rose sharply the first two trading days this week following the U.S. military’s weekend capture of Venezuelan president Nicolás Maduro. Yesterday, the blue-chip Dow, benchmark S&P 500, and tech-heavy Nasdaq rose a respective 1%, 0.6%, and 0.7%, with the Dow closing above 49000 for the first time and the S&P 500 also ending at a fresh all-time record.

Tuesday evening, President Trump wrote 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, slipped 0.5% to $56.85 a barrel Wednesday morning.

Shares of Chevron (CVX), 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 stock was up nearly 1% in premarket trading Wednesday.

Ahead of the ADP employment report for December, which was set to be released at 8:15 a.m. ET, the 10-year Treasury yield, which influences interest rates on a variety of commercial and consumer loans, fell to under 4.15% from about 4.17% at Tuesday’s close.

Gold futures slipped 0.5% to about $4,475 an ounce after earlier Wednesday approaching their all-time high of $4,584 set on Dec. 26.

Bitcoin was trading around $92,100, down from the day’s high around $93,800. The U.S. dollar index, which tracks the value of the greenback against a basket of foreign currencies, was little changed at 98.60.

Data-storage firms Sandisk (SNDK), Western Digital (WDC), and Seagate Technology Holdings (STX), 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 (NVDA) and chipmaking rival Advanced Micro Devices (AMD), 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 (MSTR) were up 4% after MSCI said it wouldn’t exclude digital asset treasury companies (DATCOs) from its indexes.