Dow Jones Industrial Average futures inched higher on Monday as the market is set to enter the last week of June and the first half of 2024 near record highs. Futures tied to the Dow climbed 84 points, or 0.2%. S&P 500 futures were flat, while Nasdaq 100 futures fell 0.2%. The S&P 500 scored an intraday record of 5,505.53 on Thursday and posted another winning week. The equity benchmark gained 0.6% last week, notching its eighth positive week in nine. However, signs of exhaustion have started to emerge recently particularly with market heavyweight Nvidia’s back-to-back sell-off. The chipmaker fell 4% last week after two consecutive declines of more than 3%. The pullback occurred after Nvidia briefly dethroned Microsoft as the most valuable company in the U.S. Chart analysts also pointed to bearish patterns in Nvidia’s recent trading. “The extreme price performance may face some speed bumps going forward — not an indictment of the fundamentals of this AI behemoth, but more caution around how far the stock has moved, and how quickly,” Katie Nixon, CIO at Northern Trust Wealth Management, said of Nvidia. Still, the enthusiasm surrounding artificial intelligence has lifted the market significantly this year even as investors grappled with shifting expectations for rate cuts and a slowing economy. The S&P 500 has advanced almost 15% this year after notching 31 record closes. Investors will closely monitor May’s personal consumption expenditure data, the Federal Reserve’s preferred inflation gauge, which is set to be released Friday morning. There are also a number of key companies earnings this week, including FedEx, Micron, Walgreens Boots Alliance and Nike. Treasurys were muted entering the final week of June, with investors set to zero in on Friday’s key inflation report. The 10-year Treasury yield rose 1 basis point to 4.271% on Monday. The 2-year Treasury yield around 2 basis points higher at 4.745%. Asia-Pacific markets mostly fell on Monday as investors awaited inflation data from Australia and Japan later this week. Australia’s S&P/ASX 200 fell 0.8%, closing at 7,733.7. Japan’s Nikkei 225 was up 0.54% at 38,804.65, while the Topix was 0.57% higher and finished at 2,740.19. Hong Kong’s Hang Seng index was down 0.88% in its final hour of trading, while mainland China’s CSI 300 marked a fourth straight day of losses, shedding 0.54% to 3,476.81. China reported a 2.8% fall in fiscal revenue for the first five months of 2024 compared to 2023, widening from a 2.7% year-on-year fall from January to April. For May alone, fiscal revenue was down 3.2% year on year, a softer fall than the 3.7% slide in April. South Korea’s Kospi dipped 0.70% to end at 2,764.73, and the small-cap Kosdaq closed 1.31% lower at 841.52. Oil prices firmed slightly on Monday as traders weighed support from expected summer demand and geopolitical tensions against a stronger dollar. Brent crude futures were up 15 cents, or 0.2%, at $85.39 a barrel by 0850 GMT. U.S. West Texas Intermediate crude futures were at $80.86 a barrel, up 13 cents, or 0.2%. Both benchmarks gained about 3% last week for their second consecutive weekly gains. Gold prices edged up on Monday as U.S. Treasury yields eased, while investors awaited inflation reading due later this week that could influence the Federal Reserve’s interest rate trajectory. Spot gold was last up 0.27% at $2,326.63 per ounce, after dropping 1% on Friday due to a stronger dollar. U.S. gold futures rose 0.35% to $2,339.40.