Goldman Sachs Reports S&P 500 Drop Below 5,000 Points, Long-Term Investors Eyeing Buy Opportunities Towards 5,400-5,500, Says John Flood

The S&P 500 stock index has recently fallen to a level prompting long-term investors to consider buying the dip, as noted by Goldman Sachs partner John Flood. He indicated that major buyers are targeting the index when it is below 5,000 points. Analysts suggest that purchasing during this dip could lead to a rebound towards the 5,400-5,500 range. UBS also commented that there remains a possibility for stocks to achieve gains by the end of the year.