Goldman Sachs has cut its S&P 500 target for the second time this month, now forecasting a year-end level of 5,700 points, down from 6,200, due to heightened recession risks and tariff uncertainties. The revised target suggests only a 2% gain from recent levels, reflecting concerns over slowing growth and rising equity risk premiums.Additionally, the firm has increased its tariff assumptions and lowered its 2025 GDP growth forecast to 1%, indicating a more pessimistic outlook for the U.S. economy amid ongoing trade tensions.