The S&P 500 index will end 2022 about 1 percent lower as commodity prices surge and the outlook for global economic growth weakens amid the conflict in Ukraine, Goldman Sachs said.
Goldman economists in a note on Friday trimmed their year-end target for the benchmark index to 4,700 from 4,900, which would have implied a nearly 3 percent rise in 2022. Goldman’s target still implies a nearly 12 percent jump for the S&P from current levels.
