Wall Street traders are exercising caution ahead of significant inflation data, with major indexes showing mixed performance. As investors await the consumer price index release, stocks have pulled back, particularly with Nvidia facing scrutiny over allegations from China, which has contributed to its recent losses and weighed down the overall market. Analysts express concern as momentum stocks experience declines, and despite some sectors gaining, tech stocks remain under pressure. The upcoming inflation data is anticipated to guide market direction, with futures stalling and many investors holding their positions as they brace for potential volatility.