Stock market today: S&P 500, Dow waver near records ahead of key inflation data

Given the overall economic stability indicated by the GDP growth and decreasing jobless claims, alongside the expectation that inflation remains controlled, there is a good chance the market will continue to perform positively. The S&P 500 is facing some pressure but should maintain a positive trend as market sentiment reflects optimism over economic data and potential interest rate policies.

Due to Dell's significant drop after missing earnings expectations and the overall concerns about tech sector outlooks, especially with uncertainty related to tariffs affecting many companies, Dell’s stock may struggle. Investors might take a cautious approach toward tech stocks in the short term, leading to further downside for Dell.

With rising concerns regarding tariffs and its potential impact on manufacturing costs, HP Inc. also fell following its earnings report. Given these ongoing tariff discussions, HP might face prolonged pressures on margins which could lead to negative sentiment causing the stock to decline further.