Wall Street indexes dipped as July inflation hit 3.7% and investors awaited Nvidia earnings. Nvidia then posted $96.22B in Q2 revenue, beating

Nvidia stock falls more than 2% as technology shares pull back, but Wall Street analysts project huge revenue upside ahead of its Aug. 26 earnings report.

Investors turned cautious ahead of Nvidia's earnings and a closely watched inflation report. Both are due later this week.