S&P 500 futures were flat as the benchmark tries to continue its comeback from correction territory following a three-week rout on Wall Street sparked by President Donald Trump’s chaotic tariff policy rollout. Dow Jones Industrial Average futures slid 177 points, or 0.4%. S&P 500 futures dropped 0.3%, while Nasdaq 100 futures fell 0.1%. Wall Street is coming off another brutal week for equities. The Nasdaq Composite sank deeper into correction territory last week, while the small-cap Russell 2000 neared a bear market, or 20% off from its high. The S&P 500 briefly dipped into a correction as well, before snapping back above that level. The Dow had its biggest one-week drop since 2023, losing 4.4%. Those moves come as investors struggle to keep pace with President Donald Trump’s fast-changing tariff policies, on top of growing signs of economic weakness, that have put markets in a tailspin. The uncertainty has many wondering whether the stock market correction could turn into a bear market. “If you look at the companies that were talking at big conferences in March, a lot of things are slowing. And so, I think this is more than a growth scare already. This is actually like a growth slowdown. And so the question is, will we get negative guidance in April?” Adam Parker, CEO of Trivariate Research, told CNBC’s “Closing Bell” on Friday. “Until then, I think we have to play a little bit more defense than offense,” Parker added. “Because I don’t think the fundamentals are likely to ‘V-shape’ recover like they have in previous cycles.” But while markets struggle, Treasury Secretary Scott Bessent said he’s not worried about the recent pullback. “I’ve been in the investment business for 35 years, and I can tell you that corrections are healthy. They’re normal,” he said Sunday on NBC’s “Meet the Press.” “What’s not healthy is straight up, that you get these euphoric markets. That’s how you get a financial crisis. It would have been much healthier if someone had put the brakes on in ’06, ’07. We wouldn’t have had the problems in ’08.” To be sure, he added there are “no guarantees” a recession would be avoided, noting that the Trump administration is aiming to stave off a financial crisis. Wall Street is headed for a big markets week. The Federal Reserve is widely expected to hold interest rates steady at the conclusion of its latest policy meeting Wednesday. However, Chair Jerome Powell’s post-meeting comments will be monitored closely for any changes in tone, after Powell repeated earlier this year the central bank is in “no hurry” to lower interest rates. Retail sales in February were up 0.2% month over month, well below expectations. Economists polled by Dow Jones expected a 0.6% increase. Excluding autos, however, they increased 0.3%, in line with expectations. U.S. Treasury yields were mixed Monday as investors awaited retail sales data and looked ahead to a big week. The benchmark 10-year Treasury yield was down more than 2 basis points at 4.281%, while the 2-year Treasury yield was flat at 4.015%. Asia-Pacific markets mostly climbed on Monday, with investors keeping a close watch on Chinese equities. Mainland China’s CSI 300 closed 0.24% lower at 3,996.79, while Hong Kong’s Hang Seng Index rose 0.77% in its final hour. In Japan, the benchmark Nikkei 225 ended the day 0.93% higher at 37,396.52, while the broader Topix index rose 1.19% to close at 2,748.12. Over in South Korea, the Kospi index advanced 1.73% to close at 2,610.69 while the small-cap Kosdaq added 1.26% to 743.51. India’s benchmark Nifty 50 had ticked up 0.35%, while the BSE Sensex increased 0.26% as at 1.20 p.m. local time. Australia’s S&P/ASX 200 ended the day 0.83% higher at 7,854.10. Oil traded higher on Monday after the United States vowed to keep attacking Yemen’s Houthis until the Iran-aligned group ends its assaults on shipping, and Chinese economic data fuelled hopes for higher demand. U.S. President Donald Trump launched military strikes against the Houthis on Saturday over the group’s attacks against Red Sea shipping. One U.S. official told Reuters the campaign might continue for weeks. Brent futures rose 72 cents, or 1%, to $71.30 a barrel, while U.S. West Texas Intermediate crude futures gained 59 cents, or 0.9%, to $67.77. Safe-haven gold edged higher on Monday after hitting the $3,000-mark last week for the first time, while the market’s focus shifted to the U.S. Federal Reserve’s meeting this week. Spot gold added 0.2% to $2,991.13 an ounce, as of 0924 GMT. Prices hit a record high of $3,004.86 on Friday amid geopolitical uncertainty. U.S. gold futures eased 0.1% to $2,998.90.