Dow, S&P 500, Nasdaq tank as inflation fears, tariffs spark tech sell-off
Written by Black Hot Fire Network on March 28, 2025
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 broad-based index.
“We still believe that US stocks can recover and post gains for the year. However, recent economic weakness and our expectation that . . .
