Dow Futures exhibited a subdued performance, as analysts anticipate a shift in attention towards a forthcoming series of significant economic indicators. President Donald Trump states that the U.S. and Venezuela have reached an agreement allowing Caracas to export up to $2 billion in domestic crude to the U.S., shortly following a bold capture of Venezuela’s leader by American military forces. In other developments, Constellation Brands is poised to announce its most recent quarterly results, as the brewer contends with subdued demand.

Dow futures fluctuated around the neutral point on Wednesday, as investors assessed geopolitical instability and prepared for forthcoming economic indicators. As of 02:47, the Dow futures contract experienced an increase of 46 points, representing a rise of 0.1%. In contrast, S&P 500 futures saw a decline of 6 points, equivalent to 0.1%, while Nasdaq 100 futures recorded a decrease of 50 points, or 0.2%. The market experienced an uptick in the previous session, supported by a surge in semiconductor stocks driven by advancements in artificial intelligence. Memory storage technology firms, including Seagate Technology, SanDisk, and Micron, experienced an uplift following remarks made by Nvidia CEO Jensen Huang at a highly scrutinized tech industry conference. In a recent address, Huang indicated that the forthcoming generation of chips from the AI-darling will incorporate an extra layer of storage technology, enabling chatbots to deliver faster responses to more extensive inquiries. Moderna, the drugmaker, experienced an increase of nearly 11% following an upgrade of the price target for the company by analysts. Oil stocks, in contrast, experienced a decline after gaining momentum on Monday following the audacious U.S. capture of Venezuelan President Nicolas Maduro over the weekend. Chevron and Exxon Mobil experienced declines of 4.5% and 3.4%, respectively.

President Trump stated on Tuesday that the United States and Venezuela have come to an agreement that will allow Caracas to export as much as $2 billion in domestic crude to the U.S. Trump has previously insisted that Venezuela and its interim President Delcy Rodriguez effectively provide the U.S. and American oil companies with full “access” to the country’s vast and lucrative oil industry. Should it fail to do so, Trump has indicated that additional U.S. military intervention may be directed towards Venezuela. In a recent social media post, Trump stated that Venezuela will be “turning over” 30 million to 50 million barrels of “sanctioned oil” to Washington. Since December, when Trump imposed a blockade on Venezuela, millions of barrels of oil have been obstructed from leaving the Latin American nation. Notably, the agreement between the U.S. and Venezuela could initially necessitate the reallocation of cargoes originally intended for China, as reported. Over the past decade, Beijing has emerged as a significant purchaser of Venezuelan crude oil. Brent crude futures experienced a decrease of 0.9%, settling at $60.18 per barrel by 03:16, whereas U.S. West Texas Intermediate crude saw a decline of 1.2%, reaching $56.46 per barrel.

Analysts noted that the “shock” from the U.S. attack on Venezuela has “largely faded,” as oil prices hover around levels seen before the incursion, while equities continue to extend their gains. “Unless the U.S. escalates threats on Greenland or intervenes again in Venezuela, markets should refocus on data in the second half of the week,” the analysts including Frantisek Taborsky and Francesco Pesole stated. The White House has indicated that Trump is contemplating various strategies for the acquisition of Greenland, which may involve the potential deployment of the American military, as the president views the territory as crucial for national security. European leaders have expressed strong objections to Trump’s position. Amidst the ambiguity surrounding U.S. foreign ambitions, financial markets are expected to redirect their attention from geopolitical events to an imminent release of significant U.S. economic indicators. Analysts anticipate that a report from payrolls processor ADP on Wednesday will indicate that private U.S. companies created approximately 49,000 jobs in December, offsetting a decline of 32,000 in November. In a separate development, another metric is expected to indicate that job openings, serving as a proxy for labor demand, decreased marginally in November to 7.610 million. The condition of the labor market has played a pivotal role in the recent interest rate decisions made by the Federal Reserve. Policymakers reduced borrowing costs on several occasions in 2025, placing greater emphasis on addressing a deteriorating employment landscape rather than responding to indications of persistent inflation.

A report detailing activity in the crucial American services sector is set to be published shortly. The Institute for Supply Management’s non-manufacturing PMI is anticipated to decline slightly to 52.2 in December, compared to 52.6 in the preceding month. In November, the services sector exhibited relative stability, characterized by modest employment levels and an increase in input prices. Services represent a vital component of the U.S. economy, constituting over two-thirds of total economic activity. The ISM figures may offer valuable insights into the condition of the world’s largest economy as the fourth quarter concludes.

Investors are anticipated to concentrate on the earnings report from spirit producer Constellation Brands. The company is projected to report per-share earnings of $2.64 for its fiscal third quarter, alongside net sales of $2.16 billion, based on current estimates. Beer shipment volumes are projected to decline by 2.91%, while the quarterly depletion volume, reflecting the rate of sales, is expected to decrease by 3.96%. The beer division constitutes the predominant share of Constellation’s overall revenue. Constellation and competitors such as Molson Coors and Brown-Forman are contending with diminished demand for alcoholic beverages, compounded by high tariffs on aluminum cans that have exerted pressure on profit margins. Concerns regarding immigration and broader economic instability have adversely affected purchasing behavior among Latino consumers in the U.S., a significant demographic for Constellation’s brands such as Corona and Modelo.