The stock market showed little reaction to President Donald Trump’s extraordinary action in Venezuela, with S&P 500 and Nasdaq 100 futures up in premarket trading. Energy stocks surged, with Chevron and Exxon Mobil seeing significant gains. Investors believe the attack won’t lead to a bigger conflict and expect minimal lasting impact on the market.

Geopolitical shocks historically have little lasting impact on the stock market, and investors believe the attack in Venezuela will not escalate further. Analysts note Denmark is in “full crisis mode” after Trump set his sights on Greenland, while Russia’s reaction to Maduro’s ouster has been cautious. The event is unlikely to be a major market mover, with efforts to develop Venezuela’s infrastructure playing out long term.

Read more at CNBC: U.S. stocks show little reaction to Trump’s extraordinary Venezuela action. Why investors see a bull case