Maguire, 69, spent decades diligently investing in her 401 (k) before she retired. Now the adviser wanted to take advantage of the sinking market to buy more stock at a discounted price. Her answer: “You’ve kind of read my mind.”

The recent optimism on Wall Street dissipated early Thursday as companies continued to reassess their financial outlooks due to uncertainty over U.S. President Donald Trump's on-again-off-again tariff policies.

Wall Street strategists still think stocks will recover by the end of 2025 — just not as dramatically as they had once predicted.