June 8, 2025
Financial Assets

Dow drops 700 points, S&P 500, Nasdaq sink as Wall Street reels from tariff, inflation fears

The recent market decline has prompted another Wall Street strategist to revise its S&P 500 forecast lower for 2025. On Friday, UBS Global Wealth Management head of US equities David Lefkowitz predicted earnings would come in weaker than previously expected, prompting a trim to the firm’s year-end price target to 6,400 from 6,600 on the

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Financial Assets

Nasdaq, S&P 500 lead losses as market sell-off accelerates

Economists are growing more concerned about the path forward for the US economy as President Trump’s tariff policies become reality. In a research note on Monday, Goldman Sachs chief economist Jan Hatzius slashed his team’s 2025 GDP forecast to 1.7% from 2.4% while boosting their projection for the Fed’s preferred inflation gauge to end the

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