U.S. stock futures are lower after tech stocks helped push the Nasdaq over the 20,000 level for the first time; Adobe (ADBE) stock is sinking in premarket trading after the Photoshop maker reported weak revenue guidance; shares of Alphabet (GOOGL) and Tesla (TSLA) are rising further after hitting all-time highs yesterday; November wholesale inflation data is expected to stay steady after consumer inflation figures yesterday showed an anticipated uptick in price pressures; and investors are watching for earnings reports from Broadcom (AVGO) and Costco Wholesale (COST) after the closing bell. Here's what investors need to know today.

1. US Stock Futures Lower After Nasdaq Tops 20,000 for First Time

U.S. stock futures are lower after tech shares helped push the Nasdaq over the 20,000 level for the first time. Nasdaq futures are pointing down 0.4%, while those of the S&P 500 and the Dow Jones Industrial Average also are lower. Investors are watching for weekly initial jobless claims and November wholesale inflation data, as well as earnings reports from Broadcom and Costco Wholesale. Bitcoin (BTCUSD) is trading slightly lower but still above $100,000, while gold and crude futures are also down. Yields on the 10-year Treasury are up slightly at 4.3%.

2. Adobe Stock Tumbles on Disappointing Revenue Outlook

Adobe (ADBE) stock is sinking 11% in premarket trading after the graphics software maker issued a revenue outlook below analysts' expectations. The company projected 2025 revenue of $23.30 billion to $23.55 billion, below Visible Alpha consensus of $23.77 billion, while its first-quarter revenue forecast also fell short of expectations. For its fiscal fourth quarter, Adobe topped projections with revenue of $5.61 billion, up 11% year-over-year, and net income of $1.68 billion or $3.79 per share.

3. Google, Tesla Stocks Rise Further After Hitting All-Time Highs

Shares of Google parent Alphabet (GOOGL) and Tesla (TSLA) are rising further after both set all-time highs yesterday. Google surged over 5% after the tech giant unveiled its latest artificial intelligence (AI) model with Gemini 2.0, along with investor optimism over regulatory appointments seen as friendly to the company. Tesla shares rose almost 6% to $424.77—their first record high since November 2021—as analysts provided positive commentary on the EV maker's push into self-driving cars and robotics.

4. Economists See November Wholesale Inflation Data Staying Steady

Today's 8:30 a.m. ET release of the Producer Price Index (PPI) will provide market watchers with a look at inflation on the wholesale level, which can sometimes carry over into consumer prices. Economists surveyed by The Wall Street Journal and Dow Jones Newswires expect November PPI to remain at a steady monthly rate of 0.2%, while the monthly "core" PPI is projected to tick lower. The report follows Tuesday's release of the Consumer Price Index (CPI), which showed that inflation edged higher in November but stayed in line with projections.