Barclays joins Goldman, RBC in cutting S&P 500′s 2025 target on tariff uncertainty

News Snapshot:

Barclays on Wednesday became the latest brokerage after Goldman Sachs and RBC Capital Markets to slash its year-end target for the benchmark S&P 500 index, due to uncertainty arising from U.S. President Donald Trump’s tariff policies. Barclays expects the S&P 500 index to be at 5,900 from 6,600, after Trump’s sweeping moves roiled global financial markets and spooked investors, with the benchmark U.S. index down about 1.8% so far this year, after a stellar 2024. Recent survey data also showed U.S. business activity picked up in March, but growing fears over import tariffs and deep government spending cuts continued to...