The pre-market trading session has seen significant activity, with several companies experiencing substantial gains. Baidu, the Chinese tech giant, jumped 12% after announcing plans to spin off its semiconductor unit, Kunlunxin, and list it in Hong Kong. This move is expected to have a positive impact on the company’s stock price, as it allows for greater focus on its core businesses. According to reports, Baidu’s decision to spin off Kunlunxin is a strategic move to unlock value and create new opportunities for growth.<\/p>\n
Home goods retailers, including Wayfair, RH, and Williams-Sonoma, rose following President Donald Trump’s decision to delay a 30% tariff hike on upholstered furniture. Wayfair added 2.4%, RH gained 3.5%, and Williams-Sonoma moved 1.3% higher. This decision is expected to have a positive impact on the home goods industry, as it reduces uncertainty and allows companies to plan for the future with greater confidence. The delay in tariff hike is seen as a welcome move by the industry, as it will help to mitigate the impact of tariffs on consumers and businesses alike.<\/p>\n
Tesla, the EV maker, climbed 1.3% ahead of the release of its fourth-quarter deliveries data. Analysts polled by FactSet anticipate total deliveries of 426,000. Taiwan Semiconductor Manufacturing also saw gains, rising 2.7% after the United States granted the chipmaker its annual license to import its equipment to China. Additionally, mining stocks, including Newmont and Freeport-McMoRan, rose as gold and silver climbed to start 2026. Newmont was last higher by more than 2%, while Freeport-McMoRan gained nearly 2%. Chinese EV makers, Li Auto and Nio, also reported significant gains, rising 2.8% and 4.7%, respectively, after reporting vehicle deliveries for December.<\/p>\n
Warby Parker saw a 2% gain after Loop Capital named the eyeglasses maker one of its top-pick stocks for 2026, citing the firm’s expanding EBITDA margins. The firm likes the risk\/reward trade-off and said Warby Parker remains “one of the most compelling organic square footage growth stories in our coverage universe.” These gains demonstrate the positive sentiment in the market, with investors showing confidence in the growth prospects of these companies.<\/p>\n