Stock market today: Stocks fall in whipsaw trading action as inflation report looms

With the upcoming CPI report expected to show a moderation in inflation, this could bolster the case for the Federal Reserve to implement a rate cut, supporting a positive market outlook. The technology sector, particularly companies like Oracle that have shown strong earnings, might benefit as investors gravitate towards growth stocks in a lower interest rate environment.

Given the significant drop in oil prices and OPEC's lowered demand growth forecast, energy stocks may continue to struggle. Investors may want to be cautious with stocks in the energy sector as the outlook appears bleak based on current oil price trends.

JPMorgan's stock reaction suggests ongoing challenges for financial stocks, especially if interest rate expectations remain uncertain or if the bank's profitability is compromised due to lower net interest income. This could lead to cautious sentiment in the banking sector.