S&P 500 futures ticked were slightly lower Friday after the broad market benchmark briefly climbed above 5,500 for the first time. S&P 500 futures inched lower by 0.1%, while futures tied to the Dow Jones Industrial Average fell 55 points, or 0.1%. Nasdaq 100 futures advanced 0.1%. The S&P 500 closed 0.25% lower on Thursday. At its highs of the day, the broad market index was up by as much as 0.34%, reaching 5,505.53. The Nasdaq Composite fell 0.79%, also after hitting an all-time high earlier in the day. The 30-stock Dow was the outlier of the three major averages, rising nearly 300 points, or 0.77%, for its best day this month. Nvidia fell 3.5% on Thursday, leading the information technology sector to drop 1.6%. Nonetheless, the chipmaker is still up more than 160% year to date, and it briefly beat Microsoft as the most valuable public company on Tuesday. While some signs of an overextended market are appearing, it isn’t clear yet whether the market has reached its limits on the artificial intelligence-fueled rally — which can’t continue its “meteoric rise,” said Jamie Cox, managing partner at Harris Financial Group.  “The good news is, reality does not mean markets crashing or having these big, massive draw downs,” he said. “It’s more of a rebalancing of the field a little bit, because the valuations of those companies have just gotten so far afield from the average stock that you probably would see some broadening, which has been long talked about.” As of Thursday’s close all three major averages are on pace for weekly gains. The S&P 500 is tracking for a roughly 0.8% advance, while the Nasdaq is up 0.2%. The Dow is the outperformer, touting a 1.4% rise week to date. On Friday, investors will be looking toward manufacturing and services Purchasing Managers’ Index readings for June. Existing home sales data for May is also slated for release. Trading on Friday could also be more volatile than normal due to triple witching, the expiration of stock options, stock index options and stock index futures options. U.S. Treasury bond yields were slightly down on Friday as investors pondered the latest economic data for signs of a slowing economy. The 10-year Treasury yield was 2 basis points lower at 4.23%. The 2-year Treasury note yield was down 2 basis point at 4.709%. Asia-Pacific markets mostly fell on Friday after Japan’s May core inflation data came in slightly cooler than expected, jeopardizing the country’s plans to raise interest rates. Japan’s Nikkei 225 dipped 0.09%, ending the day at 38,596.47. The broad-based Topix dropped marginally to 2,724.69. India’s benchmark Nifty 50 index dropped 0.5%, after hitting a fresh record high earlier in the day. South Korea’s Kospi fell 0.83%, finishing the day at 2,784.26, while the small-cap Kosdaq lost 0.56% to end at 852.67. Mainland China’s CSI 300 dipped 0.22% to close at 3,495.62, marking a third straight day of losses and hitting its lowest level since April 12, while Hong Kong’s Hang Seng index declined 1.52% as of its final hour of trading. Australia’s S&P/ASX 200 ticked up 0.34% to close at 7,796. Crude oil futures slid in early trade on Friday on the prospect of higher-for-longer interest rates in Asia and the United States, while falling U.S. oil inventories kept prices from moving lower. Brent futures for August delivery dipped 11 cents to $85.60 a barrel by 0013 GMT, while U.S. crude was down 9 cents to $81.20 per barrel. Gold prices were set to post a second consecutive weekly gain on Friday as recent softer U.S. economic data kept traders optimistic for interest rate cuts later this year, with other precious metals also heading for a weekly gain. Spot gold was up 0.2% at $2,363.06 per ounce, as of 0953 GMT, after hitting a two-week high earlier in the session. Bullion has gained more than 1% so far in the week, adding to the 1.7% increase last week. U.S. gold futures rose 0.3% to $2,376.70 on the day.