U.S. stock markets experienced a mixed session as traders brace for the upcoming consumer price index (CPI) report, with indexes like the S&P 500 and Nasdaq slipping lower. Major tech stocks, including Oracle which fell 8%, faced pressure amid concerns over inflation and missed targets, while Google saw a rise of over 4%. The Dow Jones dropped significantly, marking its fourth consecutive day of losses, pointing to a cautious mood among investors. As the market digests potential implications of inflation on the economy, analysts express worries about momentum stocks facing considerable sell-offs. Investors are keenly observing the inflation data, which may significantly influence market direction moving forward.