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:

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.

Stocks were mixed to start the day on Wednesday, but Treasury bonds were rallying ahead with the Federal Reserve’s preferred inflation gauge on tap. The Dow Jones Industrial Average was up 48 points,