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Goldman Sachs is looking to raise a fund of up to $10 billion to serve cash-strapped companies hit by coronavirus, new report says

Goldman aims to offer checks worth hundreds of millions of dollars to keep firms afloat until the economy returns to normal activity.

A Goldman Sachs survey of big-money investors found that half think the stock market has further to fall

Of the 1,800 institutional investors surveyed by Goldman, roughly 75% still think the S&P 500 is in a bear market.
Wall Street stands empty as people stay away from the area due to the coronavirus on March 24, 2020 in New York City.

Goldman Sachs: The stock market’s biggest driver will plunge 123% in a brutal 2nd quarter

Declines across the energy, consumer discretionary, and industrial sectors will most-significantly weigh on the broad index, Goldman said.

The Fed is powerless to stop the market’s riskiest debt from getting downgraded and defaulting, Goldman says

The bank's baseline scenario sees the 12-month trailing default rate jumping to 13% through 2020 and $555 billion in bonds downgraded to junk status.
The Reflecting Pool which has been drained for maintenance is seen in front of the Washington Monument in Washington, DC on March 26, 2020.

Goldman Sachs slashes forecasts for next quarter, now sees 34% GDP contraction and 15% unemployment

"Sky-high jobless claims numbers" and the $2 trillion stimulus bill contributed to Goldman's forecast of "a deeper trough" and "a bigger rebound."
New York Stock Exchange building is seen at the Financial District in New York, United States on March 22, 2020. The "New York State on PAUSE" that executive order is in effect at 8 p.m. Sunday night, March 22nd.

Goldman Sachs: 4 key differences make the coronavirus-fueled bear market more worrisome than past slumps

Though rate cuts were helpful in past bear markets, historically low rates and widespread quarantines stifle their effectiveness today, Goldman said.
Traders work inside the Goldman Sachs booth on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 21, 2018.

Goldman Sachs warns the single biggest driver of stock gains will shrink 33% this year

The bank's "key question now" is whether S&P 500 profitability can rebound in a V-, U-, or L-shaped trend as the coronavirus risk grows.

These 4 stunning charts show just how quickly the coronavirus outbreak decimated key US industries

The virus initially dragged on the world's tourism and travel industries, harming revenue outlooks for hotel, airline, and cruise companies.

GOLDMAN SACHS: US stocks could plunge another 20% after falling into a coronavirus-led bear market

The coronavirus' "financial and societal devastation" will drag the S&P 500 to its lowest level in four years before a sharp recovery, Goldman said.
Empty street is seen in Manhattan borough following the outbreak of coronavirus disease (COVID-19) in New York City

Goldman Sachs officially predicts a coronavirus-driven recession will hit the US, sees GDP shrinking 5% in 2nd quarter

The coronavirus' hit to economic activity will most intensely drag on the travel, entertainment, and restaurant sectors, Goldman analysts wrote.