Money Bank of America lowers S&P 500 target as risk of recession increases with high inflation July 14, 2022July 14, 2022Elisabeth Buchwald, USA TODAYComments Off on Bank of America lowers S&P 500 target as risk of recession increases with high inflation JPM stock slid after the bank reported a sharp drop in earnings. The Dow and S&P 500 closed down on fears Fed doing a 100 basis point rate hike