US EditionStocks Are Not Out Of The Tariff Woods Yet, Wall Street Warns
- Investors are closely watching for President Trump to unveil his trade policy, reciprocal tariffs, on April 2, which he declared will be 'Liberation Day'.
- Uncertainty surrounding reciprocal tariffs, which would impose equivalent levies on imports, has eroded consumer confidence, causing the Conference Board's measure to fall to its lowest level since February 2021.
- Multiple Wall Street firms, including Barclays, have cautioned about the fragility of the stock market recovery, with stock prices swinging wildly based on Trump's shifting tone on levies.
- Strategists like Henry Allen from Deutsche Bank suggest the tariffs might not be as severe as initially feared, while Goldman Sachs economist Alec Phillips warned that initial tariff announcements could negatively surprise markets.
- Barclays strategists, led by Venu Krishna, slashed their S&P 500 year-end target to 5,900, the lowest among major banks, due to tariff disruptions, predicting tariffs could slash earnings per share by over 2% and potentially push the S&P 500 down to 4400 in a bear market scenario.
20 Articles
20 Articles
Barclays slashes its S&P 500 target to the lowest among big banks with tariff and growth concerns rising
Chip Somodevilla/Getty Images; Getty; Rebecca Zisser/BIBarclays cut its S&P 500 year-end target to 5,900.It's the lowest target for the benchmark index among major banks. Tariffs could slash earnings per share by over 2%, Barclays said.Barclays slashed its S&P 500 target to the lowest among the major banks, predicting that the index will end the year at 5,900.Before Wednesday, the firm held a 6,600 target but cut its outlook amid deteriorating e…
Wall Street operates in mixed tone by ‘tariff confusion’: Nasdaq loses more than 1%
The equity markets at the global level operate with mixed movements, as the trade landscape, facing April 2 when reciprocal tariffs will be announced by the US administration, remains confusing.In Wall Street, the Dow Jones Industrial Average, which rises 0.43 percent, stands at about 42,772.64 points, while Nasdaq loses 1.11 percent, with 18,68.24 integers, and the S&P 500, with a 0.33 percent decline, is placed at 5,757.56 units.A wave of sale…
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