
A second major bank has cut its S&P 500 forecast on worries about economic growth
RBC Capital Markets slashed its year-end outlook for the S & P 500 as concerns about economic growth continue to rattle investors. Lori Calvasina, the firm’s head of equity strategy, said the broad index should now end 2025 at 6,200, which marks a decrease of 6.1% from its previous expectation of 6,600. Her new forecast…