Futures tied to the S&P 500 and Nasdaq were down 0.2% and 0.4%, respectively, while those linked to the Dow Jones Industrial Average slipped 0.1%. Stocks surged on Wednesday as shares of technology companies soared, pushing the Nasdaq Composite above 20,000 points for the first time.

U.S. stock indexes are drifting on Thursday following some potentially discouraging data on the economy. The S&P 500 slipped 0.2% in early trading and was on track for its third loss in the last four days.

U.S. stock indexes drifted lower in the runup to the highlight of the week for the market, the latest update on inflation.