Reported about 8 hours ago
Goldman Sachs has rebranded the 'Magnificent Seven' tech stocks as the 'Maleficent Seven' and lowered its S&P 500 year-end target from 6,500 to 6,200. The downgrade reflects concerns over recent sell-offs in major tech stocks, which have significantly impacted market performance and raised recession concerns. Analysts emphasize the need for improvements in US economic outlook, equity valuations, and investor positioning to stabilize the market.
Source: YAHOO