Stock futures hovered near the flatline Thursday morning after the S&P 500 finished the regular session on the brink of the 5,000 milestone. Futures on the Dow Jones Industrial Average dipped 6 points, while S&P 500 and Nasdaq 100 futures inched down 0.1% each. Disney shares surged about 8% before the bell after the media giant beat quarterly earnings estimates and raised its guidance amid its cost-cutting effort. Chipmaker and designer Arm jumped nearly 30% after the company reported stronger-than-expected earnings and gave an upbeat profit forecast. Stocks are coming off a winning session that saw the S&P 500 edge close to 5,000 S&P 500 in a rally led by strong earnings report and technology continuing their chug along. The fourth-quarter earnings season has been stronger than expected, boosting investor confidence that the healthy economy could continue driving corporate profits. Big Tech Meta Platforms surged another 3% Wednesday, while Nvidia and Microsoft rose about 2% each to fresh record highs. The Nasdaq Composite jumped nearly 1% to another all-time closing high, and the blue-chip Dow rallied about 150 points. “The ‘Big 3’ forces that have been propelling the tape since Nov are still exerting upside pressure, including disinflation, the dovish monetary pivot, and resilient earnings,” Adam Crisafulli, founder of the Vital Knowledge, said in a note. U.S. Treasury yields rose Thursday as investors assessed robust jobs data and recent remarks from Federal Reserve officials that dashed hopes for a March rate cut. The 10-year Treasury yield added 5 basis points to 4.15%, while the 2-year Treasury yield rose 2 basis points to 4.444%. Japan’s Nikkei led gains in Asia-Pacific markets on Thursday, hitting fresh 34-year highs, after a report suggested the country’s central bank would not aggressively tighten its monetary policy. Japan’s Nikkei 225 ended 2.06% higher at 36,863.28 after falling for two straight days, while the Topix closed 0.5% higher at 2,562.63. China’s consumer price index for January fell 0.8% year on year, steeper than the 0.5% drop expected by economists polled by Reuters. On a month on month basis, the CPI rose 0.3%, a slower rate compared to the 0.4% expected. Hong Kong’s Hang Seng index slipped 1.34% after shares of Alibaba fell 6.4% after it missed analysts expectations for revenue in the December quarter. Mainland Chinese CSI 300 inched 0.64% higher to end at 3,364.93, extending its winning streak to four days. In Australia, the S&P/ASX 200 extended gains for a third straight day, ending 0.31% higher at 7,639.20. South Korea’s Kospi rose 0.41% to 2,620.32, while the small cap Kosdaq saw a larger gain of 1.81%, finishing at 1.81%. Oil prices rose on Thursday after Israel rejected a ceasefire offer from Hamas, as talks continued to try to end the Gaza conflict and wider Middle East tensions that have kept the market on edge since October. Signs of solid U.S. fuel demand also bolstered the market’s upward trend this week. Brent crude futures were up 22 cents, or 0.28%, at $79.43 a barrel at 0132 GMT. U.S. West Texas Intermediate crude futures rose 19 cents, or 0.26% to $74.05 a barrel. Gold prices edged lower on Thursday, with investors awaiting more cues on the timing of first interest rate cut from the Federal Reserve this year, while palladium prices dropped to a fresh five-year low as demand concerns persist. Spot gold slid 0.4% to $2,026.59 per ounce. U.S. gold futures edged 0.5% lower to $2,041.3 per ounce.