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Goldman Sticks With S&P 500 Year-End Forecast of 5,200 Amid Strong Economic Data

Goldman Sachs Group Inc. has decided to stand by its year-end forecast of a 5,200 close for the S&P 500 while also leaving room for tech stocks to drive further growth that could lead to a further 15% rise. The decision to stick to...

Goldman Sachs Lifts S&P 500 Target Amid Rising Performance

Goldman Sachs has decided to lift their 2024 target for the S&P 500 Index for the second straight month after the index exceeded 5,000 points for the first time in its history this month. The team of analysts, led by David Kostin, lifted its...

Goldman Sachs Posts 51% Gain in Year-On-Year Quarterly Earnings

Goldman Sachs posted mixed full-year earnings results for 2023 on Tuesday, with the investment giant experiencing both highlights and lowlights over the past year. The company's net income of $8.52 billion for 2023 marked a 24% slump from the previous year, which is also its...

Leading Strategists Reveal 2024 S&P 500 Forecasts

Stocks listed on the New York Stock Exchange closed 2023 nearing record highs. The S&P 500 advanced by nearly 24% since the start of the year, with a significant acceleration over the past two months as investor confidence surged amid bets that the Federal...

Goldman Sachs Expects Fed Rate Cut By July 2024

Goldman Sachs adjusted its forecast for when it expects the Federal Reserve to cut its interest rates. Previously expecting the Fed to cut rates in the fourth quarter of 2024, Goldman Sachs now expects the first rate cut to come in July. "The change does...

Declining U.S. Growth Could Boost Stocks, Goldman Sachs

Goldman Sachs Group analysts believe that a pessimistic outlook on the U.S. economy could actually result in bargain stock prices, thereby fuelling stock purchases. The outlook was dampened after the 10-year Treasury yield rose above 5% for the first time since 2007, thereby placing...