Stock futures are pointing to a lower open for major U.S. indexes on Thursday as the equities market gives back some of the previous session's big gains.

Nasdaq reaches 20,000 for the first time. Why that could spell trouble for investors in early 2025. S&P 500 futures fell 8 points, or 0.14%, to 6,085

Wall Street got back to climbing after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve. The S&P 500 gained 0.8% Wednesday to break a two-day losing streak and finished just short of its all-time high.

U.S. stocks closed lower on Thursday, pausing a record-breaking rally in advance of Friday's monthly jobs report. The November jobs report could help inform the Federal Reserve's next steps on interest rates. Fed officials also say they don't want to see further weakness in the labor market.

The Commerce Department is expected to report that headline inflation pressures ticked modestly higher last month, with economists looking for a year-on-year advance of 2.7%. Core