Meanwhile, Nasdaq 100 futures ( NQ=F) fell 0.5% as tech stocks struggled to regain the momentum that propelled the previous day's gains. Nvidia ( NVDA) shares tipped lower in pre-market, as fellow megacap techs Apple ( AAPL) and Google parent Alphabet ( GOOG, GOOGL) also lost ground.

A rally in big tech and a batch of earnings from corporate heavyweights drove stocks toward a record close in a continuation of the surge fueled by the strength of Corporate America.

U.S. stocks are drifting near a record on Thursday as Wall Street’s recent rally loses some momentum. The S&P 500 was down 0.1% in early trading after pulling to the edge of its all-time high Wednesday following its sixth gain in seven days.