Stock futures are little changed after S&P 500 posts fourth consecutive closing record: Live updates

Stock futures were little changed Thursday, following a fresh record close for the S&P 500 and strong quarterly results from Adobe.

Futures tied to the broad market index slipped 0.1%, while Nasdaq 100 futures pulled back by 0.04%. Dow Jones Industrial Average futures inched down by 0.1%, or 50 points.

In extended trading, software giant Adobe leapt 16% after fiscal second-quarter results surpassed Wall Street estimates. Adobe also raised its full-year guidance, making the company a standout compared to peers in the software space that are citing headwinds tied to macroeconomic trends.

Stocks are coming off a winning session that saw the S&P 500 notch its fourth-straight record close. The technology-heavy Nasdaq Composite also ended the session at a record. Hopes for a continued cooling of inflation have boosted equities this week. The S&P 500 and Nasdaq Composite are on pace to end the week higher. The S&P 500 has climbed 1.6%, while the Nasdaq has added 3.1%. The 30-stock Dow is the lone laggard with a 0.4% decline.

Wholesale inflation unexpectedly ticked down by 0.2% last month, while economists polled by Dow Jones expected the gauge to increase by 0.1%. That follows a consumer price index reading that was flat on a monthly basis in May.

"I think the soft landing is still intact, but I think there's starting to be and could be jitters about [if] the Fed is staying restrictive for too long," BD8 Capital Partners CEO Barbara Doran told CNBC's "Closing Bell: Overtime" on Thursday.

"The market on the surface is expensive at 21 times earnings, but as we know, that's a handful of stocks [and] if you take that out of the S&P 500, it's a lot cheaper," she added. "The question now is breadth." Market breadth measures the number of