Morning Preview: January 09, 2026

Early Look

U.S. futures are showing a flat to slightly higher trend as the market anticipates two significant catalysts: the December Nonfarm Payroll report and a potential Supreme Court ruling on President Trump's tariffs.

Futures Overview

• Dow: Up 8.00 points (0.02%) to 49,501
• S&P 500: Up 9.25 points (0.14%) to 6,971
• Nasdaq: Up 70.50 points (0.28%) to 25,758

Market Catalysts

The Nonfarm Payroll report, scheduled for release at 8:30 AM ET, is expected to show an addition of 60,000 jobs and a decrease in the unemployment rate to 4.5%. Concurrently, the Supreme Court is set to deliver opinions that may include a ruling on the legality of President Trump's tariffs, which could have widespread implications across various sectors.

Market Performance

On the previous trading day, the Dow Jones Industrial Average increased by 270.03 points (0.55%), while the Nasdaq Composite fell by 104.26 points (0.44%). The S&P 500 remained nearly unchanged, up just 0.01%.

Global Market Updates

Asian markets saw positive movement, with the Nikkei Index rising by 822 points, the Shanghai Index gaining 37 points, and the Hang Seng Index increasing by 82 points. In Europe, the German DAX and FTSE 100 also reported gains.

Economic Calendar for Today

• 8:30 AM ET: Nonfarm Payrolls for December (est. 60K)
• 8:30 AM ET: Unemployment Rate for December (est. 4.5%)
• 10:00 AM ET: University of Michigan Confidence, Jan-prelim (est. 53.5)

Sector News

Consumer Sector

General Motors announced a $6 billion charge related to electric vehicle investments. Carter's expects a high single-digit percentage increase in Q4 sales, while Mattel was downgraded by Goldman Sachs due to concerns over the macro environment.

Energy, Industrials, and Materials

Oklo and Vistra shares surged after Meta Platforms announced long-term power purchase agreements. Glencore's shares rose nearly 10% amid takeover talks with Rio Tinto.

Financials

President Trump announced plans to purchase $200 billion in mortgage bonds to lower housing costs, which positively impacted shares of Rocket and Loan Depot.

Healthcare

Emergent BioSolutions received a $21.5 million order from the U.S. Department of War, while Haemonetics acquired Vivasure Medical for €100 million.

Technology, Media & Telecom

Nvidia appointed a new chief marketing officer, and Intel shares rose following positive remarks from President Trump about its CEO.

Conclusion

As the market opens, investors are closely monitoring the upcoming economic data and potential legal rulings that could significantly influence market dynamics.