Goldman Sachs stock drops nearly 3% as Intel rout hits risk mood; GS investors eye Fed next week
Goldman Sachs shares fell 2.9% to $927.27 Friday morning, dragging the Dow lower by about 204 points alongside American Express. The drop followed a wider market stumble after Intel’s weak outlook and tariff concerns. Goldman recently raised $2.8 billion for a new co-investment fund and hiked its 2026 gold price target to $5,400 an ounce. Investors await the Federal Reserve’s policy decision on January 28.