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Nasdaq, S&P, Dow futures advance to kick off 2026. (00:13) Trump delays tariff hikes for upholstered furniture, kitchen cabinets. (01:18) Berkshire Hathaway ends lower on Warren Buffett’s final day as CEO. (02:29)
This is an abridged transcript.
Wall Street is hoping to start off the new year on a positive note.
Stock index futures are higher on this first day of trading for 2026.
Nasdaq futures (US100:IND) rose 1.1%. S&P 500 futures (SPX) were up 0.75%, and Dow futures (INDU) advanced 0.5%.
Top gainers in premarket trading include TKO (TKO) +2.25%, Hershey (HSY) +1.87%, and Exelon (EXC) +1.68%. Decliners include Equity Residential (EQR) -1.82%, Entergy (ETR) -1.55%, and Xcel Energy (XEL) -0.96%.
In today’s edition of the Wall Street Breakfast newsletter, we’re covering the outlook for 2026. And as you prepare to update your portfolio this year we’re also having a Top Stocks 2026 event. There’s still time to register for this members only event coming up on Tuesday, January 6th. It starts at noon. Here’s a link to register.
President Trump has delayed tariff hikes for upholstered furniture, kitchen cabinets and vanities for an additional year.
These tariff hikes were previously slated to take effect on Jan. 1, 2026.
The 25% tariff on certain upholstered furniture, kitchen cabinets, and vanities, which was imposed last September, will remain in effect.
The White House said the tariff hikes were delayed to allow for further negotiations with other countries, given ongoing productive talks regarding imports of wood products.
Warren Buffett’s tenure as the CEO of Berkshire Hathaway (BRK.A) (BRK.B) came to an end on Wednesday.
The stock closed slightly lower on the final day of 2025. Its Class B shares ended at $502.65, down 0.21%, while Class A shares closed at $754,800, down 0.10%.
Buffett’s six-decade era in global investing began in 1965.
Greg Abel, 63, assumed the CEO role on January 1, 2026, succeeding the 95-year-old Buffett, who remains chairman.
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Dow, S&P and Nasdaq futures are in the green. Crude oil is down 0.1% at $57/barrel. Bitcoin is up 1% at $89,000. Gold is up 1.5% at $4,386.
The FTSE 100 is up 0.6% and the DAX is up 0.5%.
On today’s economic calendar:
