Mar 3, 02:59 PM

Goldman Sachs Warns S&P 500 Rally Faces Hurdles Amid Economic Concerns; Sphere EPS $(3.49), Revenues $308.3 Million

Goldman Sachs strategists have indicated that any potential rebound in the S&P 500 Index is likely to be temporary due to ongoing concerns about the U.S. economy. This sentiment was echoed by Goldman Sachs CEO David Solomon, who noted a 'very small' risk of a U.S. recession despite uncertainties surrounding global trade policy. Solomon mentioned that new tariffs imposed by former President Donald Trump on Canada, Mexico, and China are contributing to market volatility but are not expected to derail economic growth. In corporate news, Sphere Entertainment (NYSE: SPHR) reported Q4 revenues of $308.3 million, surpassing analyst expectations, although it recorded an operating loss of $142.9 million. Analysts had forecasted revenues of $289.86 million for the quarter. Despite the revenue beat, Sphere's earnings per share of $(3.49) fell short of the $(2.43) estimate.