Major U.S. indexes are expected to open lower as the market retreats from recent record highs.

The futures for the S&P 500 and Nasdaq are down 0.2% and 0.4% respectively, while the Dow Jones Industrial Average futures slipped 0.1%. Technology stocks, which drove the Nasdaq Composite above 20,000 points on Wednesday, are mostly lower in premarket trading. Nvidia, Microsoft, Alphabet, Amazon, and Meta have seen notable declines, while Apple and Tesla have experienced slight gains.

Adobe shares fell 11% after the company issued a disappointing revenue outlook, despite exceeding quarterly earnings expectations. Investors are closely watching upcoming economic data, including the weekly jobless claims report and wholesale inflation numbers for November, which will be released at 8:30 a.m. ET. These figures may impact the Federal Reserve's interest rate decisions, as recent consumer price data aligns with economists' estimates and strengthens expectations for a rate cut at next week's policy meeting. The yield on 10-year Treasurys has risen slightly to 4.30%.