Goldman Slashes S&P 500 Target Citing Higher Fed Rates Path
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S&P 500 Index year-end target cut to 3,600, implying 4.2% drop
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Risks skewed to downside even after forecast revision: Kostin
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Goldman Sachs Group Inc. slashed its year-end target for the S&P 500 Index to 3,600 from 4,300, arguing that a dramatic shift in the outlook for interest rates moving higher will weigh on valuations for US equities.
