Goldman Sachs stock drops nearly 7.5% as credit fears flare — what to watch before Monday
Goldman Sachs shares fell 7.47% Friday to $859.57 amid a broader selloff in financials and private-credit stocks. The drop followed fresh concerns over lending standards, sticky inflation, and the collapse of UK lender Market Financial Solutions. U.S. Producer Price Index data came in hotter than expected, pushing back rate-cut expectations. Investors are watching Monday’s U.S. jobs data and credit market signals.