Stocks were lower Wednesday afternoon, led by big declines in shares of technology companies, as investors digested a flurry of earnings reports that came out after yesterday's closing bell.

The major indexes fell before the Thanksgiving holiday due some tech turkeys, but came off lows. Nvidia stock fought back to hold key support.

Futures fell slightly with the Fed's favorite inflation gauge on tap. CrowdStrike leads key earnings movers. Amazon and megacaps helped the S&P 500 hit fresh highs Tuesday.

Traders shouldn’t bet on another year of double-digit gains for U.S. stocks in 2025, analyst warns.