"Inflation Data Looms as Stocks Dip and Nvidia Share Price Plummets: Market Update"

US stocks dipped as investors awaited crucial inflation data, with the Dow Jones and S&P 500 slipping, while the Nasdaq Composite was down after a tech slide. The market is bracing for the Consumer Price Index report on Tuesday, which will test bets on interest rate cuts. Meanwhile, bitcoin hit a fresh record high, and crypto-linked stocks rose. Expectations for medium- and longer-term inflation have risen, and oil futures slid ahead of key inflation data and monthly crude updates. Nvidia stock turned positive after opening lower, and Meta shares declined as former President Trump criticized the social media giant. Additionally, Reddit's IPO roadshow is set to kick off, with the company targeting a valuation range of $5.8 billion to $6.4 billion.