Stock futures were higher Friday morning following a losing session on Wall Street. Futures tied to the Dow Jones Industrial Average gained 57 points, or 0.1%. S&P 500 futures advanced 0.3%, while Nasdaq-100 futures rose 0.8%. Broadcom gained more than 17% after posting fiscal fourth quarter adjusted earnings that beat estimates and reporting that artificial intelligence revenue soared 220% for the year. Micron, Nvidia and AMD followed Broadcom higher in early trading. The moves come on the heels of a losing session on Wall Street. The 30-stock Dow dropped 234 points, or about 0.5%, falling for a sixth consecutive day and marking its longest losing streak since April. The Nasdaq Composite fell nearly 0.7% and broke below the 20,000 mark as technology stocks such as Nvidia slumped, while the S&P 500 edged down about 0.5%. For the week, the Dow is heading for a 1.6% decline, while the S&P 500 is on pace for slide of 0.6%. The Nasdaq has outperformed, on track for a 0.2% advance for the period. Thursday’s moves followed a producer price index report for November that came in ahead of expectations. Wholesale prices increased 0.4% last month, higher than the Dow Jones consensus estimate of 0.2%. The recent rise in equities has fanned some concerns of an overvalued market fueled by a postelection rally, but some on Wall Street think there may still be more room to run. “I think we’re at the point of optimism, I don’t think we’re at the point of euphoria right now,” Joe Terranova, chief market strategist at Virtus Investment Partners, said Thursday on CNBC’s “Closing Bell.” “I think the reason to be skeptical about the ability for the market to have another significant positive year like it’s had the last two years is the fact that everyone is bullish.” He thinks now is the time for investors to focus on specific sectors, rather than an overall rise in equities. Friday marks a light day for economic data, with November import and export data due out. The benchmark 10-year Treasury yield rose slightly on Friday as investors look ahead to the Federal Reserve’s final meeting of the year. The 10-year Treasury yield was up 2 basis points at 4.347% after jumping more than 6 basis points on Thursday to climb above the 4.3% level. The yield on the 2-year Treasury, meanwhile, was also 2 basis points higher at 4.207%. China stocks led losses in Asia Friday as Beijing’s affirmation of its recent policy shifts and plans to boost growth, following a high-profile meeting Thursday, appeared to have fallen short of investors’ expectations. Hong Kong’s Hang Seng index fell 1.83% in its final hour of trade, while mainland China’s CSI 300 lost 2.37% and ended at 3,933.18. Most other Asia-Pacific markets also fell, tracking Wall Street declines following a hotter-than-expected producer price inflation reading. The outlier was South Korea’s Kospi, which gained 0.5% to close at 2,494.46, marking a four day winning streak, while the small-cap Kosdaq rose 1.52% to 693.73, also notching four straight winning days. Japan’s benchmark Nikkei 225 fell 0.95% to end at 39,470.44, while the broad-based Topix saw a loss of 0.95% as well and closed at 2,746.56. Australia’s S&P/ASX 200 fell 0.41% and finished at 8,296, its lowest level in almost a month. Oil prices nudged upwards on Friday, heading for their first weekly rise since the end of November, as additional sanctions on Iran and Russia ratcheted up supply worries, while a surplus outlook weighed on markets. Brent crude futures edged up 5 cents to $73.46 a barrel by 0716 GMT, while U.S. West Texas Intermediate crude was up 8 cents at $70.1 a barrel. Both contracts are on track for a weekly gain of more than 3% as concerns about supply disruption from tighter sanctions on Russia and Iran, and hopes that Chinese stimulus measures could lift demand in the world’s No. 2 oil consumer support prices. Gold prices edged higher on Friday and were set for a weekly gain, driven by reports of top consumer China resuming gold purchases, and heightened expectations of an interest rate reduction by the Federal Reserve at its Dec. 17-18 meeting. Spot gold was up 0.3% at $2,688.29 per ounce, as of 0320 GMT. Bullion is headed for a weekly gain and has added more than 2% so far this week. U.S. gold futures were steady at $2,711.30. Traders’ attention is now on the Fed’s decision on interest rates, and they see a 96.4% chance of a 25-basis-point (bp) cut, CME’s FedWatch Tool showed.