5 Things to Know Before the Stock Market Opens

• Tesla expected to report 422,850 Q4 deliveries, down from Q3, with full-year 2025 deliveries forecast at 1.64 million versus 1.8 million in prior years
• Furniture retailers RH, Wayfair, and Williams-Sonoma rose 1-2% after White House delayed 25% tariff increases amid trade negotiations
• Gold futures up 1.4% to $4,400/oz and silver up 4% to $73.45/oz, recovering from last week's decline caused by CME Group margin requirement increases

Market Summary: January 2, 2026 Opening

Stock futures point to a positive start for 2026 after major indexes ended 2025 with a four-day losing streak. Dow futures are up 0.4%, S&P 500 futures gained 0.6%, and Nasdaq futures rose 1%. Despite the late-year pullback, 2025 delivered strong returns with the Nasdaq up 20%, S&P 500 up 16%, and Dow up 13%.

Tesla (TSLA) shares are rising ahead of Q4 delivery numbers release. Analysts expect 422,850 deliveries, down from Q3, with full-year 2025 deliveries forecast at 1.64 million vehicles, below the 1.8 million delivered in both 2023 and 2024.

Furniture Sector stocks gained 1-2% after the White House delayed scheduled 25% tariff increases on furniture products. RH, Wayfair, and MillerKnoll each rose about 2%, while Williams-Sonoma added 1%.

Baidu (BIDU) announced plans to list its Kunlunxin AI chip unit on the Hong Kong Stock Exchange, though offering details weren't disclosed. The move highlights the Chinese search giant's push into artificial intelligence hardware.

Precious Metals rebounded with silver futures up 4% to $73.45/ounce and gold rising 1.4% to $4,400/ounce. The metals had retreated last week after CME Group raised margin requirements twice, forcing traders to post more collateral.

Other Key Levels: Bitcoin trades at $89,500 after touching $87,500 yesterday. The 10-year Treasury yield holds steady at 4.15%, maintaining current borrowing costs across various loan types.