US Stock futures were little changed Thursday after a continued market rotation powered the Dow Jones Industrial Average to fresh highs.

Futures tied to the Dow Jones Industrial Average rose 17 points. The S&P futures shed 0.1% along with Nasdaq-100 futures.

Wednesday again saw a divergence between technology stocks and other pockets of the market as value-oriented sectors such as health care outperformed. The rotation has been a relief for some investors looking for a broadening out of the market, but it could also signal growing caution away from risk-on assets.

The Dow on Wednesday closed above 48,000 for the first time, putting the 30-stock index on pace for its best weekly performance since late June. The S&P 500 settled up slightly above the flatline to post four straight days of gains, meanwhile, and the tech-heavy Nasdaq Composite closed the day in the red.