Stock futures fell Friday as traders weighed a slate of mostly disappointing quarterly reports, including one that sent chipmaker Intel down sharply. Futures linked to the tech-heavy Nasdaq-100 shed 0.4%. S&P 500 futures dropped 0.2%, while Dow Jones Industrial Average futures slipped 68 points, or 0.2%. Chip maker Intel dropped nearly 11% in the premarket on the heels of disappointing fiscal first-quarter guidance. Semiconductor stock KLA Corp slid more than 3% after the company posted light revenue and earning per share guidance for its fiscal third quarter. Visa shares shed more than 2% after the credit card company said it’s seeing slowing U.S. volumes. The major averages are also tracking for a winning week. The S&P 500 is up 1.1%, while the Dow has added 0.5%. The Nasdaq is the outperformer of the three, pacing for a 1.3% jump. Both the S&P 500 and Nasdaq Composite have climbed for the past six sessions. The benchmark S&P 500 has closed at a record high for five straight trading days, the longest streak of its kind since November 2021. Stocks got a boost this week from encouraging economic data. More positive numbers came Friday. December’s core personal consumption expenditures price index came in line with economists’ forecasts month over month, but was slightly lower than anticipated on an annualized basis, data released Friday shows. It’s a preferred gauge of inflation for the Federal Reserve, which sets monetary policy. Friday’s PCE print came a day after gross domestic product data revealed higher-than-expected economic growth in the fourth quarter. That bolstered investors’ hopes that the economy has avoided a deep recession. The 10-year U.S. Treasury yield was little changed Friday as investors assessed yet another encouraging inflation reading, suggesting the Federal Reserve can start cutting rates later this year. The yield on the benchmark 10-year Treasury note was little changed at 4.139%, while the 30-year bond yield was about flat at 4.383%. The yield on the 2-year Treasury note was up about 3 basis points at 4.343%. Asia-Pacific markets mostly declined Friday as electric vehicle stocks in the region dropped for a second day, while investors also digested inflation data from Tokyo. Hong Kong-listed shares of Xpeng and Li Auto fell over 4% each, while BYD fell 4.2%. The broader Hang Seng Index dropped 1.8%, while the Hang Seng Tech index, housing most EVs, shed 4%. Tesla shares fell 12% in U.S. trading on Thursday after the EV giant missed earnings expectations and warned of a slowdown in 2024, which also triggered a sell-off in Asian EV companies. China’s CSI 300 dropped 0.27% and closed at 3,333.82, retreating from a 2% bounce in the previous session after property stocks got a boost from Beijing’s plans to boost liquidity in the beleaguered sector. Hong Kong stocks were set to rise the most among their Asia peers for the week, with the Hang Seng up 4.2% for the week. Japan’s Nikkei 225 closed 1.34% lower, falling below 36,000 and ending at 35,751.07 after the January inflation reading from Tokyo came in softer compared to December. Tokyo’s data is widely considered to be a leading indicator for nationwide inflation. The broad based Topix fell 1.35% to 2,497.65. Tokyo’s headline and core inflation rate for January both came in at 1.6%, compared with 2.4% and 2.1%, respectively, in December. South Korea’s Kospi ended 0.3% up at 2,478.56, while the small-cap Kosdaq rose 1.64% at 837.24. Oil prices are on pace for a weekly gain as U.S. economic growth and stimulus in China raise hopes for more robust crude demand this year. The West Texas Intermediate contract for March fell 90 cents, or 1.16%, to trade at $76.46 a barrel Friday morning, while the Brent contract for March dropped 71 cents, or 0.86%, to trade at $81.75 a barrel. U.S. crude and the global benchmark, however, are poised to post a weekly gain of more than 4%. WTI and Brent are up 7% and 6.3%, respectively, for the year so far. Gold prices held in a narrow range on Friday as investors stayed on the sidelines awaiting a key U.S. inflation print later in the day that could set the tone for the Federal Reserve policy meeting next week. Spot gold rose 0.2% at $2,023.39 per ounce by 7:14 a.m. ET, down 0.3% so far this week. U.S. gold futures rose 0.3% to $2,023.40.