Futures for the Dow Jones Industrials retreated 98 points, or 0.3%, to 33,856.
Futures for the S&P 500 slid 12.75 points, or 0.3%, to 4,336.75.
Futures for the NASDAQ Composite Index backed off 47 points, or 0.3%, to 13,902.75.
The Kremlin poured cold water over reports that indicated progress in peace talks between Russia and Ukraine, according to Bloomberg News.
On Wednesday, the Financial Time reported that both countries had made “significant progress” on a peace plan and Russian withdrawal from Ukraine. That FT report helped stocks rally for a second day Wednesday.
Wall Street was also digesting the latest moves from the Federal Reserve. The Fed hiked its benchmark interest rate for the first time since 2018 and signaled six more hikes this year, spurring a relief rally in stocks.
In Asia, the Nikkei 225 index hiked 3.5%, while in Hong Kong, the Hang Seng index travelled 7% higher.
Oil prices regained $5.44 to $100.48 U.S. a barrel.
Gold prices climbed $35.00 to $1,944.20 U.S.