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Expand chart
Data: Analysis of Wall Street outlooks; Chart: Andrew Witherspoon/Axios

Barclays became the latest Wall Street firm to lower its 2019 year-end price target for the S&P 500, dropping it to 2,750 from 3,000 on Tuesday.

The big picture: Six firms have moved their guidance lower just eight days into the year. Barclays cited retail sentiment that has turned "significantly bearish," and an economic growth outlook outside the U.S. that was "not as constructive."

Yes, but: Despite the pullback, Barclays analysts did note that they still expected U.S. equities to rise overall by the end of the year. No major firm so far has revised its outlook into negative territory.

Go deeper: 2019 could be worst year for economy since '08

Go deeper

AT&T spins off U.S. video business via deal with TPG

Photo: AaronP/Bauer-Griffin/GC Images

AT&T is spinning off three of its video services, including its satellite TV brand DirecTV, to create a new standalone video company called New DIRECTV.

Details: The company will be jointly owned by AT&T and private-equity giant TPG. AT&T will retain a 70% stake and TPG will own 30% of the firm.

Updated 22 mins ago - Sports

Ex-USA Gymnastics coach dies by suicide after being charged with human trafficking

John Geddert. Photo: AFP via Getty Images

The body of John Geddert was found on Thursday, just hours after the former USA Gymnastics coach was charged with 24 counts of criminal misconduct, according to Michigan Attorney General Dana Nessel.

What they're saying: “My office has been notified that the body of John Geddert was found late this afternoon after taking his own life. This is a tragic end to a tragic story for everyone involved," Nessel said in a statement.

House passes Equality Act to boost LGBTQ protections

A protester holds a rainbow flag in Times Square in Oct. 2020. Photo: John Lamparski/SOPA Images/LightRocket via Getty Images

The House voted 224-206 on Thursday to pass the Equality Act, which would expand federal protections for LGBTQ people by prohibiting discrimination based on gender identity and sexual orientation.

Why it matters: The legislation passed in the House in May 2019, but never reached the Republican-controlled Senate under former President Trump. Democratic leaders believe there is a chance to pass the act into law this year with a 50-50 split in the Senate, but it is uncertain whether enough Republicans will support the bill for it to move forward.