Goldman Sachs Group Inc is trading 3.3% down at $1010.14 after the firm’s economists delayed their forecast for the next Federal Reserve rate cut to 2027.
- The revised outlook reinforces a higher-for-longer interest rate narrative, which is placing significant downward pressure on financial sector assets.
- The stock's decline comes amid a broader market sell-off, with the S&P 500 and Nasdaq both falling more than 1% following strong jobs data.
- Shifting Fed expectations and robust economic reports have triggered a risk-off sentiment across major U.S. equity indices.