Question 1

What was the Dow's closing on Tuesday?

Accepted Answer

The Dow fell 391.76 points, or 1.14%, to close at 33910.85.

Question 2

How did Goldman Sachs and Morgan Stanley perform in their earnings reports?

Accepted Answer

Goldman Sachs reported its worst earnings decline in the fourth quarter and its shares closed down 6.46 percent. Morgan Stanley beat expectations, thanks in part to record revenue in its wealth management division.

Question 3

How have the S&P 500 and Nasdaq performed in the first two weeks of the New Year?

Accepted Answer

In the first two weeks of the New Year, the Nasdaq rose 5.9% and the S&P 500 rose 4.2% and 3.5% respectively.

Question 4

What is the current outlook for inflation and the Fed's policy?

Accepted Answer

Investors see the first batch of inflation-related data this year pointing to a contraction in the U.S. economy, but they also give the Fed reason to slow the pace of rate hikes. Three-quarters of respondents believe that while the Fed expects to reduce inflation by slowing economic growth rather than shrinking across the board, the Fed may eventually be unable to adequately address the problems of excessive rate hikes and underinvestment.

Question 5

What is the current risk of a recession?

Accepted Answer

Economists widely see the risk of a recession this year, and that many companies could accelerate layoffs in the second quarter. According to a survey of 71 economists in business and academia, there is a 61 percent chance of a recession in the next 12 months.

Question 6

What is the expected GDP growth for 2023?

Accepted Answer

The survey showed that GDP is likely to grow just 0.1% in the first quarter, expected to shrink 0.4% in the second quarter, zero growth in the third quarter and 0.6% in the fourth quarter. For all of 2023, the U.S. economy is likely to grow by just 0.2%.

Tag: goldman sachs stock

The Dow Jones Industrial Average falls 390 points, as Goldman Sachs shares drop 6.46 percent.

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