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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...

US Consumers Will Remain Resilient in 2024, Goldman Sachs Chief Executive Claims

Goldman Sachs chief economist Jan Hatzius is adamant that U.S. consumers will remain resilient in 2024 regardless of the stressors that they may encounter over the coming year. Hatzius expects incomes to continue growing, boosted by a rise in job creation and rising yields...

Morgan Stanley and Goldman Sachs at Odds Over Market Outlook

Morgan Stanley and Goldman Sachs, two of Wall Street's largest investment firms, have expressed conflicting outlooks on the New York stock market following a three-week slump. Experts are still at odds with one another over Michael Wilson of Morgan Stanley exhibited a cautious approach,...

Goldman Reduces U.S. Recession Probability Following Debt Deal

Goldman Sachs Group Inc. lowered its probability of a U.S. recession over the next 12 months to 25% after the government's anxiously-awaited debt ceiling deal was signed into law. This comes after the investment group upgraded its recession probability to 35% following the collapse...

Goldman Strategists Expect Stock Volatility to Spike

Stocks are expected to spike in volatility during the later stages of 2023, strategists for Goldman Sachs Group Inc. commented. As a result, they recommend that investors who are keen to invest remain alert when it comes to potential turbulence in the market. Led by Christian...

Goldman Sachs Expects Pause On Interest Rate Hikes Amid SVB Failure

Goldman Sachs economists expect the Federal Reserve to slow down the pace of its interest rate hikes following the collapse of Silicon Valley Bank and its takeover by U.S. regulators on Friday. Despite the government's pledge to contain the crisis, the fallout has created a...