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U.S. stock futures showed minimal fluctuations on Wednesday night. The tech-heavy Nasdaq Composite managed to reach above the 20,000 level for the first time, a significant milestone. Futures tied to the Nasdaq 100 saw a slight dip of around 0.2%, while S&P 500 futures inched down by 0.1%. Dow Jones Industrial Average futures also fell by 55 points or 0.1%.

Extended Trading and Software Giant Adobe

During extended trading, software giant Adobe faced a decline of more than 8%. This came after the company provided weaker-than-expected revenue guidance for the current quarter. Adobe projected revenues between $5.63 billion and $5.68 billion during this period, which was lower than the consensus estimate of $5.73 billion, as per LSEG. Interestingly, in the prior quarter, the company's adjusted earnings per share and revenue exceeded analysts' forecasts.In Wednesday's regular trading session, the Nasdaq witnessed a gain of around 1.8%, surpassing the 20,000 threshold and setting an all-time high and a closing record. The broad market S&P 500 added 0.8%. However, the 30-stock Dow underperformed, dropping around 99 points or 0.2%.Mark Hackett, the chief of investment research at Nationwide, stated that equities are "rebounding from a poor start to the week." He also added that although expectations are elevated and valuations are at the highest level since the technology bubble, while seasonality and technical tailwinds are supportive through the end of the year, investors are likely to be more discerning and selective next year as risk and reward are closely scrutinized.November's consumer price index report came in line with economists' estimates, leading investors to anticipate another rate cut from the Federal Reserve at its policy meeting next week. The CPI reading, which tracks prices across a basket of goods and services, rose 0.3% month over month and grew at a 12-month rate of 2.7%. According to the CME FedWatch tool, Fed funds futures trading data reflects a nearly 99% likelihood that central bank policymakers will lower rates next week.Additional inflation data is awaited on Thursday morning with the release of the producer price index report for November. Economists polled by Dow Jones expect a 0.2% increase on a monthly basis. Weekly jobless claims are also due.On the earnings front, chip giant Broadcom, home furnishings company RH, and big-box retailer Costco Wholesale are set to post results after the close.

Stocks Making the Biggest Moves After Hours

Check out the companies making headlines in extended trading. Adobe, the software company, fell 8% after issuing lighter-than-expected revenue estimates for the fiscal first quarter. Chewy, the pet goods retailer, declined nearly 3% in extended trading. The company announced an underwritten public offering of $500 million in shares, which are being sold by Buddy Chester Sub LLC. Chewy will not receive any proceeds from the sale of these shares. The retailer also said it would concurrently purchase $50 million in shares from Buddy Chester.

Stock Futures on Thursday

U.S. stock futures remained flat on Thursday night. Futures tied to the Nasdaq 100 slipped around 0.2%. S&P 500 futures inched down 0.1%. Dow Jones Industrial Average futures fell 49 points or 0.1%.