Morgan Stanley cuts S&P 500 target as recession fears rise
"In a report out earlier this week, the bank’s global strategy team cut its 12-month target for the S&P 500 index SPX, -0.13% to 2,050 from 2,175, indicating the U.S. benchmark over the next year only will rise 1.5% from its close of 2,019.64 on Monday. This comes after the index rallied 8.3% over the past month, driven in part by a rebound in oil prices and upbeat economic data from the U.S."