Stock futures were relatively unchanged on Friday, a day after a downbeat session for the U.S. stock market, as a key consumer inflation report failed to ignite a meaningful rally. S&P 500 futures fell 0.1%, as did Nasdaq 100 futures. Futures tied to the Dow Jones Industrial Average were down 22 points, or 0.04%. On Friday, the Bureau of Labor Statistics reported that the consumer price index — which measures the costs for goods and services in the U.S. economy — rose 0.2% in January, reflecting a gain of 2.4% on an annualized basis. The inflation gauge was expected to show a 0.3% increase on a month-over-month basis and a 2.5% advance from a year earlier, according to economists polled by Dow Jones. When excluding volatile food and energy prices, core CPI came in line with expectations at 0.3% on the month and 2.5% year over year, however. In early trading, semiconductor giant Applied Materials jumped 10% on the back of strong earnings results and encouraging outlook. Airbnb shares rose 5% as investors cheered the rental company’s upbeat guidance. Pinterest shares, by contrast, slipped 22% after the company posted fourth-quarter results that missed expectations and issued a weak forecast. Major U.S. averages dropped on Thursday as fears around artificial intelligence disruption spread across the market, most notably into real estate, trucking and software sectors. The S&P 500 dropped nearly 1.6%, while the Nasdaq Composite lost about 2%. The Dow Jones Industrial Average shed almost 670 points, or 1.3%. Each of the “Magnificent Seven” tech giants closed in the red. A 12% slide in Cisco Systems, driven by the company’s disappointing guidance, weighed on the broader market. Apple lost 5% during the regular session, notching its worst single-day loss since April 2025. “In terms of an AI bubble, the reality is there’s some steam coming out of certain names as the market tries to determine winners and losers and is becoming more discriminate,” Brian Levitt, global market strategist at Invesco, said Thursday on CNBC’s “Closing Bell.” “But the Dow Jones Industrial Average is close to 50,000. The S&P 500 is close to 6,900… There is, obviously, some carnage underneath, but in general, this is not an AI bubble. The markets are holding up very nicely,” he continued. The three major averages are on pace for weekly losses, with the S&P 500 and Dow off more than 1% through Thursday’s close. The Nasdaq is on track for a 1.9% decline in the period. U.S. Treasury yields slipped on Friday after January’s delayed consumer inflation report came in lighter than expected. The 10-year Treasury yield slipped 1 basis point to 4.09%, while the 30-year Treasury bond yield shed less than 1 basis point to 4.725%. The 2-year Treasury note yield dipped 3 basis points to 3.439%. Asia-Pacific markets traded lower Friday, tracking Wall Street declines, as fears over artificial intelligence disruption drove the S&P 500 to a third straight day of losses. Japanese and Indian IT stocks were down in Asia, with names like Trend Micro and NS Solutions dropping about 5.61% and 2.4%, respectively. In India, Tata Consultancy Services fell 1.82%, while Infosys tumbled 1.48%. Japan’s Nikkei 225 lost 1.21% and finished at 56,941.97, after briefly touching 58,000 on Thursday. The Topix declined 1.63% to 3,818.85. Both indexes were dragged by energy stocks. South Korea’s Kospi reversed earlier gains and fell 0.28% to 5,507.01, putting an end to a four-day winning streak, while the small-cap Kosdaq retreated 1.77% and closed at 1,106.08. Hong Kong’s Hang Seng Index fell 1.71% in its final hour of trade, weighed down by basic materials stocks, while the mainland CSI 300 lost 1.25% and closed at 4,660.41. Australia’s S&P/ASX 200 was 1.39% down to 8,917.6, with healthcare stocks the largest losers on the index. Oil prices fell on Friday after a Reuters report said that OPEC+ was leaning towards a resumption in oil production increases and a softening of investor concern over potential U.S.-Iran conflict that could affect supply. Brent crude oil futures were up 21 cents, or 0.31%, at $67.74 a barrel after falling 2.7% in the previous session. U.S. West Texas Intermediate crude rose 14 cents, or 0.24%, to $62.99 after falling 2.8%. Both oil benchmarks were poised to register weekly declines, with Brent and WTI set to drop by 0.7% and 1.1% respectively. Gold rose on Friday, regaining ground after Thursday’s near one-week low, as bargain-hunters stepped in, with investors digesting U.S. inflation that was cooler-than-expected for cues on the Federal Reserve’s policy outlook. Spot gold was up 1.5% at $4,994 per ounce as of 9:06 a.m. E.T. U.S. gold futures for April delivery rose 1.3% to $5,011 per ounce. “Dip-buying by market participants in Asia, where demand for gold has been particularly strong, appears to be driving the rebound in gold prices,” said Hamad Hussain, a climate and commodities economist at Capital Economics. Spot silver climbed 4.4% to $78.50 per ounce, snapping back from an 11% decline in the previous session. It was on track for a weekly loss of under 1%.