Barclays cut its 2025 S&P 500 target on Tuesday, bringing it down from 6,600 to 5,900, the lowest prediction among major Wall Street firms. The move reflects the bank’s concern that rising global trade tensions,

The S&P 500 was struggling after Barclays head of U.S. equity strategy Venu Krishna became one of the most bearish strategists among the major investment banks. Krishna lowered his 2025 S&P 500 target price to 5900 from 6600 on Wednesday and cut his earnings per share estimate to $262.