Goldman Sachs predicts further US stock decline on tech earnings and market volatility

nl.investing.com (Dutch) —

US stocks fell Friday, heading for a modest weekly decline as investors weighed big tech earnings, credit market volatility, and mixed economic signals. Goldman Sachs expects a further decline in American equities due to these tech-related events. Semiconductor and chip equipment stocks dropped double digits in October amid debate over AI infrastructure investment sustainability. Oil prices rose about 6% this week to $117 per barrel on US-Iran war concerns, while 10-year Treasury yields fell below 5% for the first time since September's rate hike. Goldman Sachs forecasts one more rate hike in December, viewing current inflation as temporary. Key tech earnings from Amazon, Alphabet, and Microsoft are due next week, with S&P 500 earnings per share targeting 27% year-over-year growth. Midterm elections are set for November 3.


With a significance score of 1.4, this news ranks in the top 39% of today's 31905 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers: