Market Extra: Pain may be in store for the S&P 500, says Goldman

Nagging stock-market weakness could persist on Wall Street, according to analysts at Goldman Sachs, who wrote that the trend through the rest of the year is lower.

The Goldman research analysts, led by David Kostin, chief U.S. equity strategist, expect the S&P 500 SPX, +1.47% to end 2016 at 2,100, a target that represents a decline of 1.7% from current levels. However, that would mean the large-cap benchmark would log a meager 2.7% gain for the year. Comparatively, the 30-year Treasury bond TMUBMUSD30Y, -0.11% is yielding 2.4% as of midday Monday.

Goldman cited recent economic data, which has indicated slowing job growth and weakness in U.S.

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