Reported 24 days ago
UBS Global Wealth Management has lowered its 2025 S&P 500 target from 6,600 to 6,400, joining other Wall Street firms in response to the economic effects of U.S. tariffs. Despite the reduced target, UBS maintains a positive outlook on U.S. equities, anticipating a potential rebound due to clear policies and growth in artificial intelligence investments. The index's recent performance has seen a decline of over 4% this year, reflecting volatility in the market.
Source: YAHOO