Wall Street's most watched gauge of investor anxiety rose to a three-week high on Friday as stock indexes sold off following a an upbeat jobs report that pushed back market expectations for further Federal Reserve interest rate cuts.

Anything above 200,000, and the S&P 500 Index is seen dropping about 1%, according to Goldman Sachs. A JPMorgan Chase & Co. trading desk note sees the gauge as poised to potentially fall by 0.5% to 1% if the print is above 220,000.

Good news for the U.S. economy is back to being bad for Wall Street as the S&P 500, Dow Jones industrial average and Nasdaq all post losses.

In other words, history says the Nasdaq could advance 16% in 2025, but most Wall Street analysts see even more upside in Nvidia ( NVDA -0.02%) and Lam Research ( LRCX -0.62%), two companies that reset their soaring share prices by completing 10-for-1 stock splits in 2024.

Investors appeared to have entered the new year with cautious footing, with uncertainties around future Fed rate cuts and policies under the upcoming Trump administration. Thursday marked the first day for the market in 2025 and ended with the benchmark index in red.

The Dow ended more than 400 points lower on Monday, clawing back some of the deepest losses from earlier in the day.

Most Wall Street analysts expect Palantir and Super Micro shares to decline in 2025, and certain analysts recommend selling the stocks. Palantir is a risky investment because of its expensive valuation,

U.S. stocks are recoiling on worries that good news on the job market may prove to be bad for Wall Street by keeping inflation and interest rates high.

Spotify Technology (NYSE: SPOT) operates the world's largest music streaming platform, whereas Netflix (NASDAQ: NFLX) is the dominant streaming provider for movies and TV shows. Spotify stock soared by 140% during 2024,