The stock market is facing three challenges that could make a sharp decline more likely in 2025, according to Goldman Sachs.

This was the stock's second consecutive day of losses.

A pickup in economic policy uncertainty is contributing to an increase to almost 30% in the risk of a drawdown in U.S. stocks, according to Goldman Sachs. The risk is below previous peaks, but well above its unconditional level reached in September,

Goldman Sachs has extended its gold price forecast to $3,000 an ounce by mid-2026, up from the previous target. The bank expects fewer cuts by the Federal