Only a few months into 2025, the sharp decline of the U.S. stock market has prompted some of Wall Street’s top forecasters to scale back their bullish predictions for the S&P 500.

Wall Street was poised to open with healthy gains but nowhere near enough to make up for the losses that have piled up in recent weeks as anxious investors flee for safer holdings in the midst of an escalating U.

Wall Street’s sell-off is slowing following a scary stretch where worries about the economy and tariffs sent it close to 9% below its all-time high.