U.S. Stock Market Opens Higher on January 2, 2026 — Pharma and Entertainment Stocks Lead Gains, Gas Corporation Announces New Year’s Achievements

Stocks Start Strong with Gains in Major Indices

On January 2, 2026, U.S. stock markets kicked off the new year on a positive note. The S&P 500 opened up by 0.43%, while the Nasdaq gained 0.64%, reflecting investor optimism as markets responded to recent economic signals.

Pharmaceutical stocks led the rally, with companies like Regeneron jumping 5.74%. Other notable gainers included Moderna, Pfizer, and Bausch Health, all trending upward in early trading.

The entertainment and media sector also showed strength. Major players like Netflix and Disney+ each rose over 2%, driven by strong subscriber growth and upcoming content releases.

Korea Gas Corporation Celebrates New Year with Key Achievements

Meanwhile, Korea Gas Corporation held its annual New Year’s kickoff event at its headquarters in Daegu on January 2. CEO Choi Yeon-hye delivered a speech highlighting the company’s major accomplishments last year.

Highlights included achieving a “B” grade in government performance evaluations, securing long-term LNG import contracts from the U.S., ensuring safe energy supply, and expanding personalized energy pricing plans.

Significant milestones also included the start of commercial LNG production in Canada, the resumption of investment projects in Mozambique, and the innovative development of an AI-powered plant at the Jangjin terminal. The company also reported a two-grade improvement in management efficiency, marking an unprecedented success.

Major Updates in Automotive Industry Regulations

The Korea Automotive and Mobility Industry Association (KAMA) announced key changes to automotive policies effective in 2026. These include updates to tax incentives, environmental standards, safety regulations, and tariffs.

In tax policy, a 30% reduction in excise taxes for passenger cars will be extended for another six months, until June 30, 2026. Fuel tax incentives will also be prolonged for two more months, through February 28, 2026.

Key Economic Trends to Watch in 2026

• Stock Market: Pharma stocks like Regeneron and entertainment giants like Netflix and Disney+ lead gains.
• Gas Industry: Focus on innovative projects like AI-powered plants and international LNG deals.
• Automotive Sector: Extended tax relief measures are expected to boost consumer spending and vehicle sales.

These developments are seen as early indicators of a promising start for the U.S. economy in 2026. Investors and businesses are expected to stay active as the new year unfolds.