GOLDMAN SACHS SAYS THE S&P 500 COULD QUICKLY FALL ANOTHER 7% ON CORONAVIRUS FEARS — AND WARNS US FIRMS WON'T GENERATE ANY PROFIT GROWTH IN 2020

Brendan McDermid/Reuters The S&P 500 is down 8% since February 21, and Goldman Sachs says the key index will continue dropping in the first half of the year. The bank estimates the S&P 500 will plummet to 2,900 — an additional 7% from Wednesday's close — before recovering through the end of 2020. US companies will fail to generate earnings growth in 2020 as the outbreak cripples Chinese economic activity, tears into suppl...

BusinessInsider (Date:02/27/2020 15:20) Read full article >>

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