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

Updated 18 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Large coronavirus outbreaks leading to high death rates — Coronavirus cases are at an all-time high ahead of Election Day — Fauci says U.S. may not return to normal until 2022
  2. Politics: Space Force's No. 2 general tests positive for coronavirus
  3. World: Taiwan reaches a record 200 days with no local coronavirus cases
  4. Europe faces "stronger and deadlier" wave France imposes lockdown Germany to close bars and restaurants for a month.
  5. Sports: Boston Marathon delayed MLB to investigate Dodgers player who joined celebration after positive COVID test.
Caitlin Owens, author of Vitals
26 mins ago - Health

Large coronavirus outbreaks leading to high death rates

Data: The COVID Tracking Project; Chart: Sara Wise/Axios

Many of the states where coronavirus cases have recently skyrocketed are also seeing the highest death rates in the nation, a painful reminder that wherever the virus goes, death eventually follows.

Between the lines: Deaths usually lag behind cases by a few weeks. Given America's record-high case counts, it's reasonable to expect that death rates across the country will continue to rise in tandem.

Amy Harder, author of Generate
49 mins ago - Science

Pandemic scrambles Americans' acceptance of science

Illustration: Sarah Grillo/Axios

The pandemic is throwing a wrench into Americans' understanding of science, which has big implications for climate change.

Driving the news: Recent focus groups in battleground states suggest some voters are more skeptical of scientists in the wake of the coronavirus pandemic, while surveys reveal the persistence of a deep partisan divide.