It’s been tough for Wall Street strategists to hold their nerve in the face of the ever-changing tariff policy.

A nearly 10% fall in the S&P 500 (^GSPC) has prompted Wall Street strategists to revaluate their bullish views headed into 2025. And late Tuesday night, Goldman Sachs chief US equity strategist David Kostin became the first big name on the Street to lower their year-end price target for the S&P 500 following this drop,

Investment bank Goldman Sachs (GS) has become the first Wall Street firm to lower its year-end target on the benchmark S&P 500 index as the

The Magnificent Seven — the group comprised of tech stocks Nvidia (NVDA), Alphabet (GOOG, GOOGL), Tesla (TSLA), Microsoft (MSFT), Amazon (AMZN), Meta Platforms (META), and Apple (AAPL) — has been relabeled as the "Maleficent" Seven by Goldman Sachs.

While Goldman Sachs was the first to go ahead and cut its S&P 500 target, others like Citi had recently downgraded its rating for US equities to a 'neutral'.

Goldman Sachs lowers its S&P 500 target to 6,200, citing policy risks and economic concerns. The index lost $4 trillion in value.

Goldman Sachs cuts its S&P 500 target to 6,200 as tariffs and recession fears fuel market volatility. Traders brace for uncertainty in US stock indices.

The outlook for the U.S. economy this year isn’t so rosy anymore. Goldman Sachs Chief Economist Jan Hatzius cut his 2025 U.S. GDP growth forecast to 1.7%, pointing to the impact of tariffs on the economy and consumers.