{"id":57566,"date":"2026-01-02T09:08:26","date_gmt":"2026-01-02T13:08:26","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/us-pre-market-sees-broad-gains-irwd-bidu-surge-on-key-announcements-retailers-buoyed-by-tariff-delay\/57566\/"},"modified":"2026-01-02T09:08:26","modified_gmt":"2026-01-02T13:08:26","slug":"us-pre-market-sees-broad-gains-irwd-bidu-surge-on-key-announcements-retailers-buoyed-by-tariff-delay","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/us-pre-market-sees-broad-gains-irwd-bidu-surge-on-key-announcements-retailers-buoyed-by-tariff-delay\/57566\/","title":{"rendered":"US Pre-Market Sees Broad Gains; IRWD, BIDU Surge on Key Announcements; Retailers Buoyed by Tariff Delay"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>US <a href=\"https:\/\/stockmarketwatch.com\/movers\/premarket\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">pre-market<\/a> indices and &quot;Magnificent Seven&quot; tech stocks are showing strong gains, with the Nasdaq 100 futures up 1%<\/strong>. This positive sentiment extends across the broader market, with <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> futures also rising by 0.6% and <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> futures by 0.51%.<\/li>\n<li><strong>Ironwood Pharmaceuticals<\/strong> (<a href=\"\/stock\/IRWD\">IRWD<\/a>) surged 18% in <a href=\"https:\/\/stockmarketwatch.com\/movers\/premarket\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">pre-market trading<\/a> following the release of stellar fiscal year 2026 revenue guidance. The company anticipates total revenue between <strong>$450 million and $475 million<\/strong> for FY26, alongside an adjusted EBITDA exceeding <strong>$300 million<\/strong>.<\/li>\n<li><strong>Baidu<\/strong> (<a href=\"\/stock\/BIDU\">BIDU<\/a>) climbed 11% after announcing plans to spin off its AI chip unit, Kunlunxin, for a separate listing on the Hong Kong Stock Exchange. This strategic move aims to independently showcase Kunlunxin&#39;s value and enhance its financing channels.<\/li>\n<li>Retail stocks including <strong>RH<\/strong> (<a href=\"\/stock\/RH\">RH<\/a>), <strong>Wayfair<\/strong> (<a href=\"\/stock\/W\">W<\/a>), and <strong>Williams-Sonoma<\/strong> (<a href=\"\/stock\/WSM\">WSM<\/a>) are experiencing positive pre-market movement, with gains of 5.2%, 2.4%, and 1.3% respectively, following a reported decision by Trump to delay tariff increases on furniture.<\/li>\n<li>Japanese Prime Minister Sanae Takaichi and former US President Donald Trump held phone talks, as reported by Kyodo.<\/li>\n<\/ul>\n<p>US equity markets are poised for a strong open, with pre-market trading indicating broad-based gains across major indices and leading technology companies. Futures for the <strong>S&amp;P 500<\/strong> are up 0.6%, while <strong>Nasdaq 100<\/strong> futures have jumped 1%, suggesting a bullish start to the trading day. The &quot;Magnificent Seven&quot; tech giants are all seeing positive momentum, with <strong>Nvidia<\/strong> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) leading the pack with a 1.5% increase, followed by <strong>Tesla<\/strong> (<a href=\"\/stock\/TSLA\">TSLA<\/a>) up 1.7%, and <strong>Alphabet<\/strong> (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>) rising 1.2%.<\/p>\n<p>In company-specific news, <strong>Ironwood Pharmaceuticals<\/strong> (<a href=\"\/stock\/IRWD\">IRWD<\/a>) saw its shares soar 18% in pre-market trading. The biotechnology company provided an <em>optimistic outlook<\/em> for fiscal year 2026, projecting total revenue in the range of <strong>$450 million to $475 million<\/strong> and an Adjusted EBITDA exceeding <strong>$300 million<\/strong>. This guidance follows the company&#39;s confirmation of its fiscal 2025 outlook, expecting total revenue between <strong>$290 million and $310 million<\/strong>.<\/p>\n<p>Chinese tech giant <strong>Baidu<\/strong> (<a href=\"\/stock\/BIDU\">BIDU<\/a>) also experienced a significant pre-market rally, with its stock climbing 11%. The surge comes after the company announced plans to spin off its artificial intelligence (AI) chip unit, Kunlunxin (Beijing) Technology Co., Ltd., for a separate listing on the Hong Kong Stock Exchange. This move is intended to <em>unlock Kunlunxin&#39;s independent value<\/em>, attract specialized AI chip investors, and broaden its financing avenues.<\/p>\n<p>Meanwhile, several prominent retail stocks, including <strong>RH<\/strong> (<a href=\"\/stock\/RH\">RH<\/a>), <strong>Wayfair<\/strong> (<a href=\"\/stock\/W\">W<\/a>), and <strong>Williams-Sonoma<\/strong> (<a href=\"\/stock\/WSM\">WSM<\/a>), are trading higher in pre-market. Their gains of 5.2%, 2.4%, and 1.3% respectively are attributed to a reported decision by Trump to delay planned increases in tariffs on furniture, kitchen cabinets, and vanities. This delay provides <em>some breathing room<\/em> for these companies, which rely on imported goods. The 25% tariff will remain in place until at least January 1, 2027, instead of increasing to higher rates as previously planned.<\/p>\n<p>In international news, Japanese Prime Minister Sanae Takaichi reportedly held phone talks with former US President Donald Trump. The discussion was reported by Kyodo, though specific details of the conversation were not immediately disclosed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways US pre-market indices and &quot;Magnificent Seven&quot; tech stocks are showing strong gains, with the Nasdaq 100 futures up 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