Stock futures were slightly higher Friday after the S&P 500 crossed the historic 5,000 milestone during intraday trading, and all the major averages headed for a fifth consecutive winning week. Futures on the Dow Jones Industrial Average added 120 points, or 0.3%, while S&P 500 futures rose 0.3%, and Nasdaq 100 futures nudged up 0.4%. For the week, the S&P is up 0.8%, while the blue-chip Dow and the Nasdaq Composite have gained 0.2% and 1.1%, respectively. A solid earnings season, easing inflation data and a resilient economy have powered the market rally into 2024, with the S&P up nearly 5% year to date. It’s also contributed to what’s poised to be another week of gains for stocks. Hopes that a strong economy can continuing support growth also pushed the benchmark index to a high of 5,000.40 during Thursday’s trading before closing less than 3 points below the key 5,000 threshold. The S&P 500 first crossed 4,000 in April 2021. “On the surface, there is no difference between 5,000 and 4,999, but these big round numbers do hold psychological significance for investors,” said Ryan Detrick, chief market strategist at Carson Group. “As we’ve seen throughout history, those that are willing to hold during the rough times are usually rewarded in the end, this time was no different.”A total of 319 companies in the S&P 500 have reported quarterly earnings so far, and 80.6% of them reported above analyst expectations, according to LSEG. That compares to a 67% beat rate in a typical quarter since 1994. Pinterest shares dropped 9% before the bell after the image-sharing company issued a weaker-than-expected forecast and missed revenue estimates, while PepsiCo fell 2% on mixed results. Take-Two Interactive slumped 8% on a disappointing outlook. U.S. Treasury yields inched lower Friday investors weighed fresh economic data and considered the path ahead for interest rate cuts by the Federal Reserve. The 10-year Treasury yield slipped about 3 basis points to 4.142% and the yield on the 2-year Treasury was a basis point lower at 4.446%. Japan’s Nikkei hit fresh 34-year highs on Friday, while most Asia-Pacific markets were either fully or partially closed for Lunar New Year holidays. The Nikkei 225 breached the 37,000 mark for the first time in 34 years during the session, but pared gains to finish 0.09% higher at 36,897.42, still at a 34-year high. The Topix slid 0.19% to end at 2,557.88. China, South Korea and Taiwan’s markets are shut, while Singapore and Hong Kong saw a half day of trading. Australia’s S&P/ASX200 closed 0.05% up at 7,642.80, extending its winning streak to three days. The index still ended the week 0.7% down. Hong Kong’s Hang Seng index closed the half-day trading 0.8% lower at 15,746.58, led by declines in consumer non-cyclicals and technology stocks. For the week, HSI ended 1.3% higher. Oil prices rose in early trade on Friday, on track for weekly gains, with tensions persisting in the Middle East after Israel rejected a ceasefire offer from Hamas. Brent futures climbed 8 cents, or 0.1%, to $81.71 a barrel by 0119 GMT, while U.S. West Texas Intermediate crude futures rose 17 cents, or 0.2%, to $76.39 a barrel. Gold prices were subdued on Friday, hurt by a stronger dollar and higher Treasury yields, while investors looked ahead to next week’s U.S. inflation reading for clues on when the Federal Reserve could begin cutting interest rates. Spot gold was down 0.2% to $2,029.80 per ounce at 1236 GMT, with prices down 0.5% over the week. U.S. gold futures also lost 0.2% to $2,044.50 per ounce.