Investors didn’t seem comfortable heading into the height of holiday season with uncertainties about the COVID-19 pandemic, monetary policy, and the broader global economy on their minds.
Below, we’ll look more closely at Goldman Sachs , focusing on their role in sending the Dow lower on Friday.
Goldman Sachs was down about 4% on Friday.
Throughout the latter half of the week, investors have tried to figure out the impact that a faster tapering of bond purchase activity in pursuit of the Federal Reserve’s quantitative easing policies would have on short-term and long-term bond rates.
With its move into consumer banking, Goldman has diversified its exposure to the financial industry and stands to benefit from economic expansion.
Even when other retailers were taking hits during the worst of the pandemic, Home Depot benefited from people being stuck at home and taking steps to try to upgrade their standard of living.
Looking ahead, there’s some concern that Home Depot’s stock may have risen too quickly.