The Barclays analyst team drastically lowered the 2025 S&P 500 target point from 6,600 points to 5,900 points on Tuesday, which is currently the lowest forecast among major Wall Street investment banks. This adjustment is mainly based on two key factors: the impact of Trump's tariffs and worsening macroeconomic data. According to Barclays Bank estimates, Trump's new round of tariffs may reduce earnings per share of S&P components by 8.5 to 12 cents in 2025, a 6%-9% drop from the original forecast. The industrial and consumer goods sectors became the hardest hit area. Barclays Bank's latest forecast means that the S&P index has about 15% downside compared to current levels, and is 5%-10% lower than the targets of peers such as Morgan Stanley and Goldman Sachs.

The Barclays analyst team drastically lowered the 2025 S&P 500 target point from 6,600 points to 5,900 points on Tuesday, which is currently the lowest forecast among major Wall Street investment banks. This adjustment is mainly based on two key factors: the impact of Trump's tariffs and worsening macroeconomic data. According to Barclays Bank estimates, Trump's new round of tariffs may reduce earnings per share of S&P components by 8.5 to 12 cents in 2025, a 6%-9% drop from the original forecast. The industrial and consumer goods sectors became the hardest hit area. Barclays Bank's latest forecast means that the S&P index has about 15% downside compared to current levels, and is 5%-10% lower than the targets of peers such as Morgan Stanley and Goldman Sachs.