With a majority of S & P 500 companies having posted their quarterly results, investors' focus will turn toward inflation and the consumer price index reading in the upcoming week.
The three major indexes are on pace to end the week down, with the S & P 500 poised to post its worst performance since December.
Sharp declines for Alphabet , which is off by more than 9% this week, dragged the tech-heavy index.
January's consumer price index With the latest Powell speech in the books, investors are now looking ahead to the consumer price index for insight into the pace of inflation.
"Retail sales and CPI is really driven by the consumer, and a lot of eyes are on how the consumer doing," Bruno said.