Julie Morgan

I'm Julie Morgan.

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 are up 1.1%, S&P 500 futures are up three-quarters of 1%, and Dow futures are in the green by 0.5%.

Top gainers in pre-market trading include TKO up 2.2%, Hershey up nearly 1.9%,

and Exelon up 1.7%.

Decliners include Equity Residential, Entergy, and Xcel Energy, all down at least 1%.

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.

It's for members only, and it's coming up on Tuesday, the 6th of January, so just around the corner.

It starts at noon.

I'll leave a link to register in the show notes section.

President Trump has delayed tariff hikes for upholstered furniture, kitchen cabinets and vanities for an additional year.

These tariff hikes were previously slated to begin on New Year's Day.

The 25 percent 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 came to an end on Wednesday.

The stock closed slightly lower on his final day, which was also 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 0.1%.