Inside the Dow Jones Industrial Average, Amazon AMZN, Nvidia NVDA and UnitedHealth Group UNH were the among the early movers on the stock market today. Amazon stock moved up 0.5%, on pace to add to its two-day rally. UnitedHealth shares climbed 0.9%, looking to extend its win streak to five sessions.

Stocks closed near unchanged on Thursday, slowing a rally that has pushed major indexes to record highs, after fresh inflation data revived concerns about the impact that tariffs are having on the economy.

Cardinal shares tumbled 6% in early morning action, while Circle stock jumped 6.5%. On stock surged 12%, as Sea shares climbed nearly 9%. Finally, Tencent Music shares rallied 4.5% in premarket trading. The Labor Department's July CPI inflation data is due out at 8:30 a.m. ET.

President Trump's tariffs continue to affect global markets and the economy. Follow for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.

The stock market cut losses but it wasn't enough to erase all of the early losses made on a hot inflation report.