After the bell: Goldman Sachs predicts stock market troubles, possible recession – WISH-TV | Indianapolis News | Indiana weather
INDIANAPOLIS (WISH) – A major bank succumbs to the dreary mood on Wall Street.
Goldman Sachs changed its stock market forecastNow, he says, there are problems waiting for stocks in a possible recession.
Bank executives seem unsure of what’s going to happen in the next few months, and that helped trigger a massive sell-off on Friday on Wall Street.
The Dow closed down 483 points, or 1.6%, in Friday’s trading, hitting its lowest level since November 2020. The S&P 500 and Nasdaq Composite fell 1.7% and 1.8%, respectively.
The Dow was down more than 800 points at one point, down more than 20% from its record close of 36,799.65 hit on Jan. 4, and entered bearish territory.
The S&P 500 is still in bearish territory.
Such as The Federal Reserve continues to raise interest ratesInvestors continue to talk about a recession.
Good news for gas pump prices
Speaking of recession, here’s another key element to watch: oil prices. On Friday, it fell nearly 6% to its lowest level in eight months, and is now below $80 a barrel. This is good news for lowering gas prices in this country, but it could be another indication of the direction the economy is heading.
Will Costco Raise Fees?
Membership fees for major retailer Costco Wholesale Corp will remain the same, at least for the time being.
The company reported earnings Exceed expectations and will keep your membership fees wherever they are.
Costco typically raises the membership fee every five years, and 44% of Costco customers pay the $120 per year executive member fee.
house of “stranger things”
The house from the Netflix series “Stranger Things” is for sale.
The home on offer is priced at $300,000. It is located on 6 acres in Fayetteville, Georgia, not in Indiana as shown in the show.
The realtor says the home’s three bedrooms and bathrooms need some TLC, or loving care.