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Wall Street strategists keep moving their year-end targets for the S&P 500 (^GSPC) lower as President Trump's tariffs become a reality.
On Sunday, both Yardeni Research and Goldman Sachs lowered their year-end targets for the second time in the past month. Yardeni Research now sees the S&P 500 hitting 6,100 this year, below a prior forecast for 6,400. Meanwhile, Goldman Sachs projects the benchmark index will end the year at 5,700, down from its previous forecast of 6,200.
"These estimates inc...
>>> Read more: Wall Street strategists continue to cut their stock market forecasts as Trump tariff fears become reality
On Sunday, both Yardeni Research and Goldman Sachs lowered their year-end targets for the second time in the past month. Yardeni Research now sees the S&P 500 hitting 6,100 this year, below a prior forecast for 6,400. Meanwhile, Goldman Sachs projects the benchmark index will end the year at 5,700, down from its previous forecast of 6,200.
"These estimates inc...
>>> Read more: Wall Street strategists continue to cut their stock market forecasts as Trump tariff fears become reality