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S&P 500 to end 2015 in the red: Goldman Sachs

Index seen falling nearly 3%, marking its first negative year since 2011
Wednesday, September 30, 2015 - 05:50
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"Flat is the new up" will be the investor refrain for 2016, say Goldman strategists.

New York

GOLDMAN Sachs now expects the S&P 500 to finish in the red in 2015.

Chief US equity strategist David Kostin lowered his year-end price target for the S&P 500 to 2,000 from 2,100, citing slower than anticipated growth from the world's two biggest economies and lower