U.S. stock futures were flat Friday after the S&P 500 notched its highest close for 2023, as investors looked ahead to new inflation data set for release next week, along with the Federal Reserve’s latest policy announcement. Dow Jones Industrial Average futures fell by 65 points, or 0.2%. S&P 500 futures ticked up 0.07%, while Nasdaq-100 futures rose 0.3%. DocuSign shares jumped 5.2% in premarket trading after the electronic agreements firm beat analysts’ first-quarter expectations on the top and bottom lines. Stocks added to their recent rally during Thursday’s session, with the S&P 500 posting its highest closing level this year. The broader index climbed 0.62% to 4,293.93 — just shy of a key 4,300 threshold. Meanwhile, the Dow Jones Industrial Average added 168.59 points, or 0.5%, in its third straight day of gains. The Nasdaq Composite rallied 1.02%. Investors were encouraged by signs that a broader swath of stocks, including small-cap equities, was participating in the recent rally — though some market participants warned that those gains may not last. “It’s unclear whether this is a, let’s say, recession-theme position squeeze that potentially could whipsaw much like August of 2022 when you saw that last push higher in the S&P toward 4,300, or if this is something that’s sustainable,” Jason Hunter, head of technical strategy at JPMorgan, said Thursday on CNBC’s “Closing Bell.” “So, we feel like we’re at a bifurcation point,” he said. The S&P 500 is on pace for its fourth straight positive week for the first time since last August, with the broader index higher by nearly 0.3% as of Thursday’s close. The Dow is headed for a second consecutive week of gains for the first time since April, up 0.2%. On the other hand, the Nasdaq Composite is on pace to break a six-week winning streak, down slightly by 0.02%. Asia-Pacific markets traded mostly higher after the S&P 500 closed at a new high for 2023 and the Dow Jones Industrial Average saw a third straight day of gains. Investors digested China’s consumer price index, which saw a 0.2% rise in May and its producer prices that fell 4.6% year on year, marking the steepest drop since May 2016. Mainland Chinese markets were mixed, with the Shanghai Composite up 0.55% and closing at 3,231.4, almost recouping all its losses this week. The Shenzhen Component was 0.66% higher and closed at 10,793.93, extending its rally off its seven month low on Wednesday. Hong Kong’s Hang Seng index rose 0.87% in its final hour of trade. In Japan, the Nikkei 225 jumped 1.97% after two straight days of losses, leading gains in the region and closing at 32,265. The Topix gained 1.5% to end the day at 2,224.32, also hovering near three decade highs. South Korea’s Kospi rose 1.16% to end at 2,641.16, its highest level since June 2022, and the Kosdaq moved up 0.87% to end at 883.71. Australia’s S&P/ASX 200 rose 0.32% and ended at 7,122.5, snapping a three day losing streak. U.S. oil looked set to post a weekly loss, amid concerns about demand from China and skepticism over the United States and Iran striking a nuclear deal. West Texas Intermediate crude futures were up 29 cents, or 0.4%, at $71.58 per barrel. However, they were down about 0.3% for the week. “Oil prices are expected to stay in a range of about 3 dollars above and below $70 for WTI in the near term,” said Satoru Yoshida, a commodity analyst with Rakuten Securities. Gold eased on Friday on a stronger dollar, but held close to the previous session’s highs en route to a weekly gain helped by bets that the Federal Reserve could soon pause interest rate hikes. Spot gold fell 0.3% to $1,962.34 per ounce, but headed for a 0.8% weekly climb, having jumped about 1.5% after a surge in U.S. weekly  jobless claims. U.S. gold futures held steady at $1,978.20. The dollar index was up 0.2%, yet hovered close to Thursday’s lows. A stronger dollar makes gold expensive for overseas buyers.