07:11 AM EST, 01/02/2026 (MT Newswires) -- The benchmark US stock measures were pointing higher before the opening bell Friday as traders prepare for the first trading session of the new year.

The S&P 500 rose 0.6%, the Dow Jones Industrial Average increased 0.4% and the Nasdaq gained 1.1% in premarket activity. The indexes finished Wednesday in the red for the fourth straight session.

US markets were closed on Thursday for New Year's Day.

Treasury yields were mixed in premarket action, with the two-year rate retreating 0.2 basis points to 3.47%, while the 10-year rate advanced 0.2 basis points to 4.16%.

Friday's economic calendar has the final Purchasing Managers' manufacturing index for December at 9:45 am ET, followed by the construction spending report for November at 10 am.

On Wednesday, President Donald Trump signed a proclamation to delay an increase in tariffs for upholstered furniture, kitchen cabinets, and vanities for another year, according to a statement by the White House. The hike in duties was originally scheduled to come into effect on Jan. 1.

"Given the ongoing productive negotiations regarding the imports of wood products, the President is delaying the tariff increase to allow for further negotiations to occur with other countries," the statement said.

Shares of Nvidia ( NVDA ) moved 1.8% higher pre-bell while Tesla (TSLA) rose 2.3%. Apple ( AAPL ) was up 0.6%, while Microsoft ( MSFT ) gained 0.5%. Amazon.com ( AMZN ) rose 1%.

Nio's (NIO) US-listed stock climbed 5.1% as the Chinese electric-vehicle maker recorded a 55% annual jump in deliveries for December and a 72% surge in vehicle distribution for the fourth quarter.

West Texas Intermediate crude decreased 0.4% to $57.18 a barrel before the open. Gold increased 1.5% to $4,408 per troy ounce, while bitcoin traded up 1.5% to $89,456.