Stock Market Today, Jan. 2: Stocks Look Up To Start 2026

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Happy Friday. This is TheStreet's Stock Market Today for Jan. 2, 2025. You can follow the latest updates on the market here in our daily live blog.

Update: 8:27 a.m. ET

A.M. Update

Happy 2026. It's the first trading day of the year, which means fresh beginnings for the markets. Analysts have stacked expectations for this year, with market hawks widely expecting another year of returns -- many polled by TheStreet are even banking on a fourth consecutive double-digit showing this year.

For many versed in the here and now, the end of the fourth quarter will also herald the first major test of 2026: bank earnings. We'll get those lined up next week, but in the meantime, the bulls seem to be warming up. This morning, futures for the the Nasdaq (+0.97%) are up nearly one percent, while the Russell 2000 (+0.64%), S&P 500(+0.55%), Dow (+0.36%) are also tipped to the upside for the first trading session of 2026.

Economic Data + Events

This morning, we'll get our first data point of 2026 in the S&P Global Manufacturing PMI for December. It's out at 9:45 a.m. PT. Last month, it came in at 52.2.

Aside from that, we'll get the Fed Balance Sheet for the last week of 2026 at some point later in the day. Then, we'll call it a wraps for the first trading day of 2026. Next week, we'll get the big boys as ISM Manufacturing and Services, JOLTS Job Openings, and Payrolls are slated to report.

Earnings Today

There are no earnings today. Enjoy the day off!

TheStreet

This story was originally published January 2, 2026 at 5:45 AM.