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Bank of America cuts S&P 500 target to lowest on Wall Street, sees worst post-war recession in history

A trader working at the New York Stock Exchange in New York, the United States.

Michael Nagle | Xinhua News Agency | Getty Images

Bank of America slashed its S&P 500 forecast to the lowest on Wall Street as the bank now expects the coronavirus pandemic to tip the U.S. economy into the deepest recession in the post-war era.

Source: CNBC

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