BofA Global Research on Monday cut its year-end target for the S&P 500 index below the 6,000 mark, mirroring actions from other global research firms including UBS and RBC Capital Markets on risks from a deepening global trade war.

The brokerage reduced the benchmark index's target to 5,600 from 6,666, making it one of the lowest among Wall Street firms.

(Reporting by Rashika Singh in Bengaluru; Editing by Devika Syamnath)