After Wednesday’s sharp pullback by the major averages, but not close to record levels, U.S. stock options were flat overnight.

Dow futures dropped just 20 points. S&P 500 futures gained 0.05% and Nasdaq 100 futures rose 0.14%.

NvidiaAfter beating the bottom and top lines of quarterly results, shares rose in extended trading. Cisco SystemsDue to weaker revenue guidance and a revenue miss.

You can find more information here WednesdayThe Dow Jones Industrial Average fell 211 points due to a loss of 4.7% Visa shares. The S&P 500 dipped 0.26%. The Nasdaq composite ticked 0.33 percent lower, even though most large-cap tech companies are closing in the red.

On Wednesday, Russell 2000, a small-cap benchmark for small caps fell 1.2%.

Jim Paulsen is chief investment strategist of Leuthold Group. “Recent economic news remain strong but today’s action in the stock market highlights that it has already discounted another covid cycle,” he said.

The 10-year yield on the bond fell for the first 6 days due to concerns about covid. This kept down pressure on commodities prices, including another large drop in the price of crude oil. If inflation keeps rising while another Covid surge again stalls real economic activity, we may find out how the stock market handles a pseudo-stagflationary episode,” he added.

However, stocks remain close to record highs. The Dow is 1.7% from its all-time high and the S&P 500 and Nasdaq Composite are 0.6% and 0.8% from their records, respectively.

On Wednesday, a variety of retail earnings were moved by several people. LoweThe s are TJX CompanieAfter reporting higher-than-expected results, s were gained. Target shares dipped despite strong earnings.

Retail earnings are expected to increase on Thursday for investors Macy’s Kohl’sReporting before the bell Alibaba JD.comAlso, report prior to the opening bell Applied Materials Palo Alto NetworksReport back on Thursday

On Thursday at 8:30 AM, the Labor Department reports last week’s data on jobless claims. Dow Jones economists expect that the initial filings of unemployment insurance will fall to 260,000 in the week ended November 13 from 267,000 for the previous week.