NEW YORK, Jan 2, 2026, 18:10 ET — After-hours
Shares of The Goldman Sachs Group, Inc. (GS) rose about 4% in after-hours trading on Friday. The stock was last up $35.38 at $914.34, after trading between $880.82 and $914.99 during the day.
The move put a closely watched Wall Street bellwether in focus as investors reset portfolios for the new year. U.S. stocks ended higher, with the Dow up 0.66% and the S&P 500 up 0.19%, while the Nasdaq slipped 0.03%. “The market is seeing a ‘buy the dip, sell the rip,’ trading mentality,” said Joe Mazzola, head of trading & derivatives strategist at Charles Schwab, referring to buying pullbacks and selling into rallies. 1
Treasury yields also moved higher, a backdrop that can sway financial shares because rates influence how banks price loans and risk. The 10-year yield rose to 4.195%, up 4.2 basis points (a basis point is 0.01 percentage point), according to a Reuters market report. 2
Goldman outpaced several large-cap financial peers in late trading. Morgan Stanley was up about 2.5%, JPMorgan added about 1%, and Bank of America gained about 1.7%, according to market data.
Goldman often trades as a proxy for risk appetite on Wall Street because its results are tied to dealmaking and trading activity. That can make the shares sensitive to shifts in market volatility and expectations for corporate issuance.
Rising yields can cut both ways for the group’s sector. Higher long-term rates can support bank profitability, but they can also pressure equity valuations if investors demand more return to hold stocks.
Technical traders also have a clear set of levels in view after Friday’s run-up. Barchart’s snapshot showed the stock near its 52-week high of $919.10, with first resistance around $925.60 and first support near $891.91. 3
Next on the calendar is Goldman’s fourth-quarter report on Thursday, Jan. 15. The bank has said it expects to publish results around 7:30 a.m. ET, ahead of a 9:30 a.m. conference call. 4
A prospectus supplement dated Dec. 30 also said Goldman intends to file its quarterly earnings release on Form 8-K on or about Jan. 15. 5
When results hit, investors are likely to focus on trends in investment banking fees, performance in markets businesses, and any signals on expense discipline. Capital return commentary, including buybacks, will also be in the spotlight.
Before that, macro data could reset rate expectations and risk sentiment. The U.S. jobs report due Jan. 9 is expected to show 55,000 jobs added in December and unemployment at 4.6%, according to a Reuters poll, while Fed funds futures — contracts that reflect traders’ policy-rate expectations — imply little chance of a cut at the late-January meeting but nearly a 50% chance of a quarter-point move in March. 6
Fund flows into year-end also showed investors still picking and choosing exposure by sector. U.S. equity funds drew about $16.89 billion of inflows in the week to Dec. 31, while financial sector funds saw about $290 million of outflows, LSEG Lipper data cited by Reuters showed. 7
For Goldman, traders will be watching whether shares can hold above the $900 area as liquidity normalizes next week after the holiday lull. The next leg will hinge on rates, the Jan. 9 jobs print, and early read-throughs into bank earnings season.
