Goldman Sachs cuts its S&P 500 outlook for the second time in a month

People shop in a store in Brooklyn on March 10, 2022 in New York City. The price of gas, food, cars and other items has hit a 40 year high as inflation continues to rise in America.
Spencer Platt | Getty Images

Goldman Sachs cut its S&P 500 year-end target for the second time in a month because of slower-than-expected economic growth amid surging commodity prices due to the Russia-Ukraine war.