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.

U.S. stocks rose, but only after careening through another wild day. The S&P 500 climbed 0.6% Friday after erasing an earlier loss that reached 1.3%.

U.S. stock futures declined Sunday after Treasury Secretary Scott Bessent said he’s not worried about a market downturn, despite a miserable stretch for Wall Street.

Treasury Department Secretary Scott Bessent said on Sunday that he is “not worried about the markets” after a rough week for the stock market. “I can tell you that corrections are healthy, they’re normal,