"It will take a while before we have greater certainty, which means we will continue to experience elevated volatility and ongoing technical pressure."Paul Christopher, head of global investment strategy at Wells Fargo Investment Institute,

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

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.

Goldman Sachs has trimmed its 2025-end target for the S&P 500 Index to 6,200 from 6,500, citing increased policy uncertainty, particularly on tariffs, and worries about the economic growth outlook.

Goldman Sachs has cut its year-end target for the S&P 500 to 6,200 from 6,500, citing a weaker U.S. economic outlook and heightened market uncertainty linked to President Donald Trump’s tariff policies.

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

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'.

Key Takeaways Goldman Sachs analysts have cut their projection for S&P 500 growth this year.They cited uncertainty around Trump's tariffs and other economic growth factors as reasons for the recent market sell-off.