U.S. stock futures trended higher on Friday morning after major indexes ended 2025 with double-digit gains. Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were up 0.94%, 0.53%, and 0.34%, respectively, at 8:40 a.m. EST on January 2.
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During Wednesday’s regular trading, the three indexes closed in the red, with both the S&P 500 and the Nasdaq Composite registering a fourth straight day of decline. Still, U.S. stocks ended the year with solid gains overall. The S&P 500 posted a 16.39% gain for the year, marking its third consecutive double-digit advance, while the Nasdaq Composite rose about 20.36% on AI excitement. The Dow Jones climbed roughly 12.97% in 2025.
As markets open today, investors will focus on Tesla’s (TSLA) auto-delivery numbers for the fourth quarter and full year 2025.
Meanwhile, China’s EV sector drew attention, with XPeng (XPEV) and Nio (NIO) shares up in pre-market trading on year-over-year growth in December deliveries. Meanwhile, Li Auto (LI) stock was up about 3% despite reporting a 24% year-over-year decline in December deliveries. Investors cheered the 33.4% sequential rise in Li Auto’s December deliveries.
Elsewhere, shares of Wayfair (W) and luxury furniture retailer RH (RH) rose more than 3% and 5%, respectively, in pre-market trading as President Donald Trump delayed tariff increases on upholstered furniture, kitchen cabinets, and vanities for a year.
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