Pre-market on the first day of 2026

Today is the first trading day of 2026. According to the current pre-market trading situation, the sentiment in the U.S. stock market is relatively optimistic, with major index futures, tech stocks, and Chinese concept stocks generally rising.

Below is a summary of some key pre-market information and data:

🟢 Overall Market Performance

· Market Sentiment: Relatively optimistic, with all major index futures rising.
· S&P 500 Futures: +0.63%
· Dow Futures: +0.33%
· Nasdaq Futures: +1.07%
· Hot Sectors: Tech stocks, Chinese concept stocks, and precious metals led the gains.

📈 Hot Sectors & Stocks

· Tech Stocks: Generally rising. Micron Technology rose over 3%; Tesla, NVIDIA, and AMD gained nearly 2%.
· Chinese Concept Stocks: Mostly up. Baidu surged about 12% pre-market due to news of its planned spin-off of an AI chip subsidiary. NIO, Alibaba, Bilibili, JD.com, etc., also recorded gains ranging from 2% to 5.5%.
· Other Stocks:
· Stellantis: Rose over 3% as it resumed production of V8-powered pickup trucks.
· Meta: Its short-video platform Reels is seeking to transition into the TV sector, with its stock up nearly 1%.
· Some biotech companies saw significant declines due to regulatory or financing news.

📊 Key Macro & Commodity Trends

· Fed Rate Expectations: The market widely expects rates to remain unchanged in January. According to CME's "FedWatch Tool," the probability of holding rates in January is 85.1%.
· Precious Metals: Spot gold rose 1.54% to $4,385.35/oz; spot silver surged 4%.
· Key Data: The U.S. December S&P Global Manufacturing PMI will be released at 22:45 Beijing time, which is worth watching.

🔍 Market Focus
Current market attention is mainly focused on the following aspects:

· Whether the "January Effect" will appear: Historical data shows that the S&P 500 has a low probability of rising on the first day of the new year, having fallen for the past three years.
· Cautious expectations for the full-year trend: Some institutional analysts warn that while the market generally expects the bull run to continue, 2026 may bring more volatility and slower growth.
· Key Event Risks: Factors such as corporate earnings, geopolitics, U.S. election-year policies, and Fed personnel changes could impact future market trends.