Stocks are ending the first quarter of 2025 near their lows of the year. President Trump’s tariffs have been a major driver of the recent market sell-off, with the S&P 500 falling 5.75% in March alone. But now, with Trump’s “Liberation Day” on April 2 fast approaching and investors expecting to hear more details about…
The outlook for the stock market is becoming increasingly uncertain, thanks largely to the potential impact of an escalating global trade war. Strategists at Goldman Sachs on Sunday night slashed their forecast for the S&P 500 for the second time this year, lowering targets for the benchmark index’s return to -5% in the coming three months and…
Stocks are hovering near their lowest levels of the year, with President Trump’s latest tariff announcements and fears about the US economy’s path forward sending equities lower in the final full week of the first quarter. In the last five days of trading, the S&P 500 (^GSPC) fell nearly 3%, while the Dow Jones Industrial…
Stocks have sold off in recent days as investors digested President Trump’s latest round of tariffs. The headlines are expected to intensify in the week ahead, with an April 2 reciprocal tariff deadline that Trump has dubbed “Liberation Day” looming on Wednesday. The big questions from investors headed into the expected announcements are to what…
(Reuters) – UBS Global Wealth Management cut the S&P 500’s 2025 target to below the 6,500 mark, widely mirroring actions from other Wall Street firms including Barclays and Goldman Sachs, due to the economic impact of U.S. tariffs. The wealth management unit of European bank UBS, cut its year-end index target to 6,400 from 6,600…
U.S. stocks dipped on Friday morning, extending a losing streak that has gripped markets since late February, weighed down by trade uncertainty, recession concerns, and a decline in major technology stocks. The S&P 500 slipped 0.8%, heading for its fifth consecutive week of losses, the longest streak in over two years. The Nasdaq Composite declined…
The US government, despite opposition from all sides, has slapped tariffs indiscriminately on countries around the world. Citing China’s alleged failure to take sufficient measures to address the fentanyl issue, the United States announced an additional 20 per cent tariff on Chinese products exported to the US, including those from Hong Kong. It should be…
The Fed’s latest economic projections hint at the potential for a bout of stagflation. Fed officials trimmed their expectations for growth and raised expectations for inflation in 2025. Uncertainty around the president’s new policies is high, Powell said at a press conference. The Fed’s interest rate decision didn’t turn any heads on Wall Street but…
Another Wall Street strategist is lowering her year-end target on the S&P 500 (^GSPC), citing economic growth concerns. Following the S&P 500’s recent 10% drawdown, RBC Capital Markets head of US equity strategy Lori Calvasina lowered her year-end target to the S&P 500 to 6,200 from 6,600. Calvsina’s revised outlook on the S&P 500 comes…
Stocks in Hong Kong traded between gains and losses as global banks including Citigroup and Goldman Sachs retained their bullish views on Chinese equities on valuation appeal, following a three-day market slide stoked by recession risks. The Hang Seng Index fell 0.1 per cent at 23,752.53 as of 10.50am local time on Wednesday, after rising…