S&P 500 futures ticked lower early Thursday as Wall Street wondered if record highs were once again in the cards. Futures for the S&P 500 slipped around 0.2%. Dow Jones Industrial Average futures edged up 28 points, or 0.1%, while Nasdaq 100 futures lost about 0.5%. This action comes a day after the S&P 500 set an intraday record high on Wednesday. The broad market index finished the day with a gain of 0.61%, just below its record closing high, for a third-straight winning session. The Nasdaq Composite and Dow also rose on Wednesday, finishing up 1.28% and 0.30%, respectively. Both of those averages are within striking distance of new highs. The stock market has gotten a boost from excitement about potential tax cuts and deregulation under President Donald Trump, as well as signs of resilient economic growth. While tariffs remain an overhang, investors have been pleased with the lack of formal action on these levies during Trump’s first days back in the White House. The fourth-quarter earnings season is also off to a strong start, with Netflix climbing more than 9% in Wednesday’s trading after reporting a blowout quarter. But American Airlines tumbled more than 7% in Thursday premarket trading after issuing weak guidance. “Forward earnings estimates continue to make new highs. There’s been a lot of discussion about the elections, and then post-elections and the Fed, and is the economy growing too fast or too slow. One thing that’s been remarkably resilient is forward earnings estimates, and we’re off to a good start as well,” Keith Lerner, co-CIO and chief market strategist at Truist, said on Wednesday’s “Closing Bell: Overtime.” After weekly jobless claims data came nearly in line with expectations, traders are turning attention to expected virtual remarks from Trump to attendees of the World Economic Forum in Davos. He is scheduled to speak at 5 p.m. Davos time, or late morning in New York. U.S. Treasury yields were little changed on Thursday as investors anticipated President Donald Trump’s speech at the World Economic Forum in Davos, Switzerland. The 10-year Treasury yield rose by 3 basis points to 4.635%. The 2-year Treasury yield was nearly unchanged at 4.302%. Asia-Pacific markets traded mixed Thursday as investors assessed a slew of economic data in the region, with China stocks leading gains. Hong Kong’s Hang Seng index slipped 0.65%, while the CSI 300 climbed 1.01% to 3,835.34. China’s financial regulators on Thursday urged large state-owned mutual funds and insurers to purchase more shares, as Beijing seeks to bolster its faltering stock market. Australia’s S&P/ASX 200 traded 0.61% lower to close at 8,378.7. Japan’s Nikkei 225 rose 0.79% to close at 39,958.87, while the Topix added 0.53% to close at 2,751.74. South Korea’s Kospi fell 1.24% to end at 2,515.49 and the Kosdaq traded 1.13% lower to end at 724.01. Oil prices were little changed on Thursday, maintaining the previous session’s losses on uncertainty over how U.S. President Donald Trump’s proposed tariffs and energy policies would affect global economic growth and energy demand. Brent crude futures dipped 2 cents to $78.98 a barrel by 0941 GMT. U.S. West Texas Intermediate crude (WTI) lost 4 cents to $75.40. Gold prices were little changed on Thursday, as market participants awaited further clarity on policies from U.S. President Donald Trump’s administration. Spot gold eased 0.4% to $2,744.14 per ounce. Prices hit their highest since Oct. 31 on Wednesday. U.S. gold futures shed 0.7% to $2,750.80. “Spot prices are flirting with technically overbought conditions, which suggests that a slight technical pullback is due,” said Exinity Group chief market analyst Han Tan.