Stock futures inched higher Friday, while crude prices slipped, as traders monitored the conflict in the Middle East and the fragile ceasefire between Iran and the U.S. S&P 500 futures and Nasdaq 100 futures rose 0.1%. Futures tied to the Dow Jones Industrial Average were up 81 points, or 0.2%. Stocks are coming off a record-setting session after the U.S. and Iran agreed to Iranian negotiators agreeing on a 60-day memorandum of understanding to extend the ceasefire. However, Kate Moore, chief investment officer at Citi Wealth, believes that the market’s rally to new heights may continue to be dictated more by strong earnings growth versus headlines about any Middle East tensions. “I think a lot of the snapback we saw since the lows in March was this acceptance that there was going to be a resolution at some point, but obviously the scope of that and the timing of that is still anybody’s guess,” she said on CNBC’s “Closing Bell: Overtime” on Thursday afternoon. “I really do think what’s been driving the market higher is, frankly, the power of the technology earnings … this has been happening company after company throughout the course of this earnings season.” All three major indexes are on pace to end the week higher, with the tech-dominant Nasdaq Composite in the lead with a gain of more than 2%. The S&P 500 has risen more than 1% on the week, while the blue-chip Dow is sitting with a gain of less than 1%. Friday marks the final trading session of May, and all three major averages are on pace for gains. The S&P 500 is up nearly 5%, while the Dow is on track for a 2% advance. The Nasdaq is outperforming, heading for an 8% advance for the month. In extended trading, shares of Dell Technologies surged 38% after the laptop maker raised its full-year guidance and reported a first-quarter beat on both the top and bottom lines. Treasury yields were little changed on Friday as investors closely monitored Middle East developments on the final trading day of the month, amid signs that a lasting U.S.-Iran ceasefire agreement could now be in sight. The 10-year U.S. Treasury note yield—the key benchmark for mortgages, auto loans, and credit card debt — was unmoved at 4.451%. The 2-year Treasury note yield, which is typically more sensitive to short-term Federal Reserve interest rate decisions, was also flat at 4.0308%. Meanwhile, the longer-dated 30-year Treasury bond yield, which tends to react mainly to geopolitical risks, was also unchanged at 4.979%. Asia-Pacific markets rose on Friday, with South Korea’s Kospi hitting a fresh intraday record and Japan’s Topix reaching a new all-time high, as investors looked past renewed military activity involving Iran and focused on gains in technology shares and record closes on Wall Street. South Korea’s Kospi jumped more than 3% to close at 8,476.15, hitting a new intra-day high before paring gains slightly. The small-cap Kosdaq was down 2.68% to 1,074.8. Japan’s Nikkei 225 was up 2.53%, ending the trading day at 66,329.5, while the Topix rose 1.41% to a new record high of 3,957.17. In Australia, the S&P/ASX 200 rose 1.62% to close at 8,731.7. Hong Kong’s Hang Seng index added 0.55% in the final hour of trade, while the CSI 300 lost 0.45% to 4,892.12. India’s Nifty 50 dipped 0.5%. Oil futures fell more than 1% on Friday and were on track for their steepest weekly decline since early April, following reports that the U.S. and Iran had agreed to extend a ceasefire, though it had yet to be finalized. Brent crude futures for July fell 1.1%, or $1.04, to $92.67 a barrel at 0330 GMT. U.S. oil futures fell $1.26, or 1.4%, to $87.64 a barrel. Brent plunged 10.5% this week—the steepest plunge since the week that ended on April 6—while WTI fell 9.2%—the biggest weekly loss since the week that ended on April 13. Gold ⁠trimmed losses on Thursday following the release of U.S. April inflation data, but prices were still ​down for a third ​straight session as ​skepticism over a U.S.–Iran deal clouded the interest rate outlook. Spot gold was down 0.6% at $4,428.69 an ounce after falling ⁠to ‌its lowest level since late March earlier in ⁠the session. U.S. gold futures fell 0.5% to $4,426.20.