U.S. stock markets had a bearish week before the holiday, with the S&P 500 index experiencing its worst performance in over a month, dropping by 2.3%. This decline was mainly influenced by comments made by Federal Reserve Chair Jerome Powell, which contributed to a negative sentiment across major indices.

The healthcare, technology, and consumer sectors were particularly impacted, reflecting broader concerns among investors. As Wall Street deals with these challenges, market participants are closely monitoring economic indicators and Fed communications for further guidance.

The decline in the stock market has led to increased scrutiny of economic indicators and Federal Reserve communications. Investors are particularly concerned about the impact on the healthcare, technology, and consumer sectors. Market participants are closely monitoring these developments for guidance on future market trends.