A record setting rally for U.S. stocks ahead of Thanksgiving has the blue-chip Dow and S&P 500 on pace for their best month of gains in a year. Here's how things looked on the eve of Thanksgiving:

Traders are eyeing potentially hotter inflation, and dialing back their bets for Fed rate cuts into next year.

Stock futures were little changed Wednesday ahead of the release of the Federal Reserve's preferred measure of inflation, as investors digested a flurry of earnings reports that came out after yesterday's closing bell.