Stock futures moved higher Friday as investors analyzed earnings reports from Apple and other well-known companies ahead of the release of a closely followed inflation report. Nasdaq-100 futures gained 0.8%, while those tied to the S&P 500 advanced 0.4%. Dow Jones Industrial Average futures added 145 points, or 0.3%. Investors honed in on Apple, whose shares rose 4% in extended trading after the company exceeded expectations of analysts polled by LSEG on both lines for its fiscal first quarter. While Apple reported disappointing sales tied to the iPhone, services revenue appeared to take the spotlight. Chip plays Intel and KLA respectively rose 1% and 4% on the back of stronger-than-forecast earnings. Beyond tech, Deckers Outdoor shares plunged around 14% as full-year revenue guidance came in slightly short of Wall Street estimates. Thursday night’s action follows a winning — but volatile — trading session for the three major indexes. Technology has been a major focus of investors this week given Monday’s big sell-off sparked by developments out of China’s DeepSeek artificial intelligence startup and earnings reports from key players over recent days. Despite those advances, only the Dow is on track to finish the week higher. While the blue-chip index has risen about 1%, the S&P 500 and Nasdaq Composite are poised to finish down by 0.5% and 1.4%, respectively. Friday also marks the last day of what has been a rocky January for traders. Nevertheless, the three major averages are on pace for monthly gains, with the S&P 500 up 3.2% and the Nasdaq on pace for a 1.9% advance. The Dow outperformed in the period, on track for a 5.5% jump. Investors will focus Friday on December data for the personal consumption expenditures price index, the Federal Reserve’s preferred inflation gauge. They’ll also monitor economic releases focused on employment costs and personal income. “We still do have a fair amount of earnings,” said Jay Hatfield, CEO of Infrastructure Capital Advisors. “Usually, it pays to be long during earnings, so we would continue to be bullish into February.” U.S. Treasury yields inched higher on Friday as investors awaited the latest inflation reading as well as other economic data. The 10-year Treasury yield was nearly two basis points higher at 4.529%, and the 2-year Treasury yieldAsia markets mostly rose Friday after Wall Street rose overnight as investors assessed Big Tech earnings. Japan’s benchmark Nikkei 225 and Topix advanced for the third straight day. The Nikkei 225 gained 0.15% to close at 39,572.49, while the broader Topix index was up 0.24% to close at 2,788.66. South Korea’s Kospi retreated 0.77% to end the day at 2,517.37 while the small-cap Kosdaq closed flat at 728.29, after a four-day break. Over in Australia, the S&P/ASX 200 rose for the third consecutive day to close at an all-time high. The index climbed 0.45% to 8,532.30. Oil prices were steady on Friday but on course for a weekly decline as markets wait to see if U.S. President Donald Trump follows through on his threat to impose tariffs on Mexico and Canada this weekend. Brent crude futures for March, which expires on Friday, gained 8 cents to $76.95 a barrel. U.S. West Texas Intermediate crude (WTI) was up 21 cents at $72.94. For the week, the Brent and WTI benchmarks are set for declines of 2% and 2.3% respectively. Gold prices scaled an all-time high on Friday, briefly touching the $2,800 mark, as market participants rushed to the safe-haven asset after U.S. President Donald Trump reiterated his tariff threats. Spot gold steadied at $2,795.52 per ounce, after hitting a record peak of $2,800.99 earlier in the session. Prices rose more than 6% for the month and 1% for the week. U.S. gold futures were little changed at $2,820.10.
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