The S&P 500, or Standard & Poor’s 500, is a stock market index that tracks the performance of 500 large companies listed on U.S. stock exchanges, representing approximately 80% of the total market capitalization of U.S. public companies.
As of March 12, 2025, the S&P 500 closed at 5,572.07 points, marking a 0.8% decline from the previous day. This decline is largely attributed to investor concerns over new tariffs imposed by the Trump administration on Canadian aluminum imports, which have heightened fears of a potential trade war and its impact on the U.S. economy.
In response to these developments, Goldman Sachs has revised its year-end target for the S&P 500 from 6,500 to 6,200 points. Despite this adjustment, the new target still represents a 10.6% increase from the index’s current level, suggesting a cautiously optimistic outlook for the remainder of the year.