The stock market is down today mainly due to a few key factors: Fresh inflation data showed an uptick in inflation, which concerns investors about potential Federal Reserve interest rate decisions. Additionally, profit-taking after recent record highs is causing some selling pressure. Technology stocks, especially companies like Nvidia and Palantir, are feeling more pressure after mixed earnings reports and guidance, which weighs on the broader market. Trade policy worries, particularly related to tariffs, are also adding to the cautious sentiment among investors. Despite today's decline, the overall trend for major indexes like the S&P 500 remains positive for the month, suggesting this is more of a pause than a reversal.