U.S. stock index futures rose slightly Friday as investors kept an eye on Washington for signs of progress on debt ceiling negotiations. Dow Jones Industrial Average futures rose 51 points, or 0.2%. S&P 500 futures advanced 0.2%. Nasdaq-100 futures climbed 0.4%. House Speaker Kevin McCarthy left the Capitol Thursday night saying a deal had not been reached yet. However, sources told CNBC that the White House and McCarthy are close to reaching an agreement that would raise the U.S. debt ceiling for two years. Treasury Secretary Janet Yellen has warned that the U.S. could default on its debt as soon as June 1 if the debt ceiling is not raised. Debt ceiling negotiations weighed on market sentiment this week. The S&P 500 entered Friday’s session down about 1% week to date, while the Dow lost nearly 2% in that time. The Nasdaq was higher by 0.3%. The S&P 500 and Nasdaq are coming off a strong session, surging 0.9% and 1.7%, respectively, Thursday after stronger-than-expected revenue guidance and an earnings beat from Nvidia fueled a rally in semiconductor and artificial intelligence stocks as well as other technology names. Nvidia shares jumped 24.4% in the session to finish at an all-time high. “With the market rejoicing in Nvidia’s earnings report and guidance, plus a positive report from Main Street’s iconic Best Buy, headlines pointing to a debt ceiling resolution could finally help lift a broader underpinning of the market,” said Quincy Krosby, chief global strategist of LPL Financial. New data out Friday morning showed inflation rose more than expected in April. The personal consumption expenditures index, the Federal Reserve’s preferred gauge of price pressures, increased 0.4% last month and 4.7% from a year earlier. The corporate earnings season is drawing to a close, but a handful of stocks were moving in response to their reports after the bell. Retailer Gap and semiconductor stock Marvell Technology rose more than 12% and 15%, respectively, while Ulta Beauty tumbled 8%. Asia-Pacific markets are mixed after Wall Street saw a tech rally led by Nvidia, and U.S. negotiators moved closer to a debt ceiling deal with just a week to go before the government faces a potential default. In Japan, the Nikkei 225 rose 0.31% to end the day at 30,916 after surpassing the 31,000 mark earlier in the day. The Topix fell marginally and recorded its fourth straight days of losses. Tokyo’s core-core inflation, which excludes fresh food and fuel costs, rose by 3.9%, its fastest pace since 1982. The consumer price index for Japan’s capital, which is seen as a gauge for the nationwide reading, rose at a slower pace of 3.2% in May from April’s figure of 3.5%. South Korea’s Kospi rose 0.16% to end at 2,558.81, reversing losses from Thursday , while the Kosdaq was down 0.53% and finished at 843.23. In Australia, the S&P/ASX 200 closed 0.23% at 7.154.8 after reversing earlier losses and snapping a four day losing streak. Mainland Chinese markets were all higher, with the Shanghai Composite ending three straight days of losses to close 0.35% higher at 3,212.5, while the Shenzhen Component also halting an identical loss streak to end 0.12% up at 10.909.65. Hong Kong’s Hang Seng index is closed for a holiday, after hitting its lowest level this year on Thursday. Oil prices ticked up on Friday, as the market weighed conflicting messages on supply from Russia and Saudi Arabia ahead of the next OPEC+ policy meeting. Brent crude was last up 53 cents at $76.79 a barrel, while U.S. West Texas Intermediate rose 63 cents to $72.46 a barrel. Gold prices edged up from two-month lows on Friday, helped by a dip in the U.S. dollar as traders assessed the progress of U.S. debt ceiling negotiations and the Federal Reserve’s rate hike path. Spot gold rose 0.7% to $1,953.49 per ounce by 1142 GMT, while U.S. gold futures gained 0.5% to $1,952.80.