Stock futures fell Friday as traders parsed through the first batch of fourth-quarter earnings while they awaited the second in a pair of closely watched inflation reports this week. Futures tied to the Dow Jones Industrial Average dropped 181 points, or 0.4%. S&P 500 futures and Nasdaq 100 futures were down 0.3% and 0.4%, respectively. Delta Air Lines fell 5% in premarket trading even after posting better-than-expected earnings for the fourth quarter. A slew of big banks also reported earnings before the bell on Friday. Bank of America lost more than 2% after posting declining fourth-quarter profit, while Wells Fargo shares shed more than 1% despite posting a higher profit for the quarterly period. Citigroup, meanwhile, gained 1.9% despite posting a $1.8 billion quarterly loss after incurring several large charges. Shares of JPMorgan Chase also rose before the bell, gaining more than 2.5% even after the bank said its earnings slipped by 15% from a year earlier. The moves follow a muted day on Wall Street. The 30-stock Dow inched up by around 15 points, while the S&P 500 finished marginally lower. The technology-heavy Nasdaq Composite closed at its flat line. Investors got some encouraging news on inflation Friday with wholesale prices unexpectedly declining by 0.1% in December. The data follows the more widely followed consumer prices data Thursday, which came in modestly hotter than economists had forecasted, with prices up 0.3% on the month and 3.4% from a year ago. On the week, the major averages are heading for modest gains. The Dow is up about 0.7%, while the S&P 500 is tracking for a 1.8% advance. The Nasdaq is the outperformer, up more than 3% through Thursday’s close. Treasury yields were slightly higher on Friday after the latest U.S. inflation reading rose more than expected, prompting investors to reassess whether interest rates will fall as soon as March. The yield on the 10-year Treasury note ticked up about 3 basis points to 4.003%. It has been hovering around the 4% mark for much of the week. The 2-year Treasury yield rose nearly 2 basis points to trade at 4.276%. Asia markets fell as China’s annual exports dropped for the first time in seven years, but Japan stocks bucked the trend to extend their record rally. Hong Kong’s Hang Seng index was down 0.61%, while the mainland China’s CSI 300 dipped 0.35% to close at 3,284.17. Meanwhile, both the benchmark Nikkei 225 and the Topix were at their highest levels since 1990, having surged in the past week.The Nikkei advanced 1.5% to close at a new 33-year high at 35,577.11, paring some gains after surging 2.1% at open, while the broader Topix was up 0.46% to end at 2,494.23. South Korea’s Kospi fell 0.7% to 2,525.05, its eighth straight losing session. The small-cap Kosdaq lost 1.64% to 868.08. In Australia, the S&P/ASX 200 slipped 0.1% to finish at 7,498.3. Oil prices rose after Britain and the United States carried out military strikes against targets in Houthi-controlled areas of Yemen, as tensions in the Red Sea mount further. West Texas Intermediate and Brent futures spiked more than 4% to hit their highest levels since Dec. 27. U.S. crude oil jumped to $72.25 a barrel while the global benchmark touched $80.75. WTI and Brent were both trading above their 50-day moving averages for the first time since late October. Brent was last trading around 3.32% higher at $79.98 a barrel, while WTI was last up 3.43% at $74.49 per barrel. Gold prices gained on Friday as fears of escalating conflict in the Middle East lifted the appeal of the safe-haven metal, despite stronger than expected U.S. inflation data boosting the dollar and Treasury yields. Spot gold was up 1.1% at $2,050.29 per ounce, extending its run above the $2,000 level to nearly a month. U.S. gold futures were up 1.8% to $2,055.50.