U.S. stock futures were little changed early Friday after the major averages slid following a lackluster earnings forecast from retail giant Walmart. Dow Jones Industrial Average futures rose 41 points, or 0.1%. S&P 500 futures was flat, while Nasdaq-100 futures traded 0.1% higher. Traders are coming off a losing session in which the Dow shed 450 points. The S&P 500 lost 0.4% and retreated from its recent all-time highs, while the Nasdaq Composite fell nearly 0.5%. Investors pointed to a smattering of reasons behind the market’s sell-off in addition to Walmart’s 6.5% dip, including lingering inflationary concerns and declines in shares of Palantir. But the market’s fears on Thursday may have been slightly overblown, according to Art Hogan, chief market strategist at B. Riley Wealth Management. He added that Friday’s economic data releases, which include the latest purchasing managers’ index readings and January’s existing home sales, will point equities in a direction to end the week. “There’s a chance that there’s enough overall selling pressure that might drive in some margin hunters on Friday and try to claw back some of the losses that we’re seeing today,” he told CNBC in an interview. “I certainly think you’ll get a sense tomorrow if investors feel like in the near term the moves today are overdone, especially if the PMIs and existing home sales are in line.” Hogan added: “I don’t think that there’s going to be a piece of economic data that could necessarily stir things up.” On a week-to-date basis, the S&P 500 is on pace for a slim gain of less than 0.1%, while the Nasdaq Composite is off 0.3%. The Dow is the underperformer, tracking for a 0.8% loss over the period. U.S. Treasury yields were slightly lower on Friday as investors awaited more economic data, and assessed the latest comments from Federal Reserve officials on stubborn inflation and the potential impact of tariffs. At 6:16 a.m. ET, the 10-year Treasury yield slipped less than 1 basis point to 4.495%, and the 2-year Treasury yield was also lower by less than 1 basis point at 4.264%. Hong Kong shares hit a three-year high Friday, leading gains in the region as investors weighed inflation data from Japan against tariff threats from U.S. President Donald Trump. Hong Kong’s Hang Seng Index rose 3.76% to its highest level since February 2022, according to data from LSEG. The Hang Seng Tech index added 6.15%. Shares of Hong Kong listed Alibaba rose 14.7% following a significant profit increase for the company in the December quarter, driven by growth in its Cloud Intelligence division and e-commerce sector. Mainland China’s CSI 300 rose 1.26% to close at 3,978.44. Japan’s Nikkei 225 added 0.26% to close at 38,776.94 while the Topix traded flat to close at 2,736.53. Japan’s inflation rate in January climbed to 4%, hitting its highest level since January 2023. Core inflation — which excludes prices of fresh food — rose to 3.2%, beating Reuters’ expectations of 3.1%. South Korea’s Kospi ended flat at 2,654.58 while the small-cap Kosdaq added 0.83 to close at 774.65. Australia’s S&P/ASX 200 slipped 0.32% to close the trading day at 8,296.2. Oil prices fell on Friday but were still poised for a weekly gain on supply disruption in Russia while uncertainty looms over a potential peace deal in Ukraine. Brent futures slipped by 73 cents, or 0.95%, to $75.75 a barrel while U.S. West Texas Intermediate crude lost 73 cents, or 1%, to $71.75. Both have gained about 1.4% this week – the largest weekly advance since early January. Brent would be marking a second week of gains after three weeks of declines. WTI is set for its first week of gains after four weekly declines. Gold prices fell on Friday but were set for an eighth straight week of gains on the back of two consecutive record highs, as safe-haven demand remained strong amid concerns about U.S. President Donald Trump’s tariff plans. Spot gold shed 0.4% to $2,926.54 an ounce. Bullion has gained around 1.5% this week after rising to a record $2,954.69 on Thursday. U.S. gold futures fell 0.5% to $2,940.90. “The non-stop rally since December remains unchallenged unless prices drop to around $2,850,” said Ole Hansen, head of commodity strategy at Saxo Bank.