Stock market forecast: Goldman Sachs, JPMorgan, Morgan Stanley predict what's next after tech selloff
Published . Updated .
US stocks ended October with their sharpest technology-led selloff in months, as disappointing corporate guidance, forced Wall Street to reassess the outlook for 2027
Directly affected
- GS Goldman Sachs Group-6.8% 30d
Named in this report.
- JPM Jpmorgan Chase-4.3% 30d
Named in this report.
- MS Morgan Stanley-8.0% 30d
Named in this report.
Indirectly affected
- DIA SPDR Dow Jones Industrial Average ETF-1.7% 30d
SPDR Dow Jones Industrial Average ETF: it is a broad US stock-market fund. Linked by “stock market” (the broad US market) in this story.
- QQQ Invesco QQQ-2.6% 30d
Invesco QQQ: it is a broad US stock-market fund. Linked by “stock market” (the broad US market) in this story.
- XLF Financial Select Sector SPDR-3.5% 30d
Financial Select Sector SPDR holds the financials sector that The Goldman Sachs Group belongs to, so it often moves with news about it.
- BLK BlackRock+5.3% 30d
BlackRock is a peer of The Goldman Sachs Group in security brokers, dealers and flotation companies; rivals often move on the same news.
- SCHW The Charles Schwab
The Charles Schwab is a peer of The Goldman Sachs Group in security brokers, dealers and flotation companies; rivals often move on the same news.
- IBKR Interactive Brokers Group-17.5% 30d
Interactive Brokers Group is a peer of The Goldman Sachs Group in security brokers, dealers and flotation companies; rivals often move on the same news.
- HOOD Robinhood Markets-31.1% 30d
Robinhood Markets is a peer of The Goldman Sachs Group in security brokers, dealers and flotation companies; rivals often move on the same news.
- RJF Raymond James Financial
Raymond James Financial is a peer of The Goldman Sachs Group in security brokers, dealers and flotation companies; rivals often move on the same news.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| GS | -0.08% | +3.61% | base | after close | after close | after close | after close |
| JPM | -0.92% | +0.67% | base | after close | after close | after close | after close |
| MS | -0.45% | +3.24% | base | after close | after close | after close | after close |
| DIANo price data for this ticker | — | — | — | — | — | — | — |
| QQQ | +3.12% | +5.08% | base | after close | after close | after close | after close |
| XLFNo price data for this ticker | — | — | — | — | — | — | — |
| BLKNo price data for this ticker | — | — | — | — | — | — | — |
| SCHWNo price data for this ticker | — | — | — | — | — | — | — |
| IBKRNo price data for this ticker | — | — | — | — | — | — | — |
| HOODNo price data for this ticker | — | — | — | — | — | — | — |
| RJFNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.
Stock market forecast: Goldman Sachs, JPMorgan, Morgan Stanley predict what's next after tech selloff Beinsure
Source: Beinsure
Price since this story was published: Spdr Dow Jones Industrial Average Etf Trust (DIA)
| Company | When | Move | Status |
|---|---|---|---|
| GS | three days earlier | +3.61% | final price |
| GS | five days earlier | -0.08% | final price |
| JPM | three days earlier | +0.67% | final price |
| JPM | five days earlier | -0.92% | final price |
| MS | three days earlier | +3.24% | final price |
| MS | five days earlier | -0.45% | final price |
| Invesco Qqq Trust, Series 1 (QQQ) | three days earlier | +5.08% | final price |
| Invesco Qqq Trust, Series 1 (QQQ) | five days earlier | +3.12% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Maria Elvira Salazar sold Goldman Sachs Group (GS), worth $1,001 - $15,000 on 24 Sep 2026. That is 38 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Michael Rulli bought Goldman Sachs Group (GS), worth $1,001 - $15,000 on 3 Sep 2026. That is 59 days before publication. Filed 2 Oct 2026. View the filing.
- Rep. Gilbert Cisneros bought Goldman Sachs Group (GS), worth $1,001 - $15,000 on 26 Aug 2026. That is 67 days before publication. Filed 10 Sep 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM) (held by a spouse), worth $15,001 - $50,000 on 4 Sep 2026. That is 58 days before publication. Filed 1 Oct 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM), worth $15,001 - $50,000 on 4 Sep 2026. That is 58 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a spouse), worth $100,001 - $250,000 on 27 Aug 2026. That is 66 days before publication. Filed 4 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, sold Interactive Brokers Group (IBKR), worth $50,001 - $100,000 on 21 Aug 2026. That is 72 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Spdr Dow Jones Industrial Average Etf Trust (DIA)
Companies carried with this story
- DIA Spdr Dow Jones Industrial Average Etf Trust
For “Stock market forecast: Goldman Sachs, JPMorgan, Morgan Stanley predict what's next after tech selloff,” Spdr Dow Jones Industrial Average Etf Trust (DIA) is linked, with no stored direction, medium confidence. Reason on file: SPDR Dow Jones Industrial Average ETF: it is a broad US stock-market fund. Linked by “stock market” (the broad US market) in this story
- QQQ Invesco Qqq Trust, Series 1
In “Stock market forecast: Goldman Sachs, JPMorgan, Morgan Stanley predict what's next after tech selloff,” Invesco Qqq Trust, Series 1 (QQQ) is linked, with no stored direction, medium confidence. Reason on file: Invesco QQQ: it is a broad US stock-market fund. Linked by “stock market” (the broad US market) in this story
- IWM Ishares Tr
Ishares Tr (IWM) is linked, with no stored direction, medium confidence in the 1 Nov 2026 story “Stock market forecast: Goldman Sachs, JPMorgan, Morgan Stanley predict what's next after tech selloff.” Reason on file: iShares Russell 2000 ETF: it is a broad US stock-market fund. Linked by “stock market” (the broad US market) in this story
- RSP Invesco Exchange Traded Fd T
Invesco Exchange Traded Fd T (RSP) is linked, with no stored direction, medium confidence in the 1 Nov 2026 story “Stock market forecast: Goldman Sachs, JPMorgan, Morgan Stanley predict what's next after tech selloff.” Reason on file: Invesco S&P 500 Equal Weight ETF: it is a broad US stock-market fund. Linked by “stock market” (the broad US market) in this story
- VTI Vanguard Index Fds
For “Stock market forecast: Goldman Sachs, JPMorgan, Morgan Stanley predict what's next after tech selloff,” Vanguard Index Fds (VTI) is linked, with no stored direction, medium confidence. Reason on file: Vanguard Total Stock Market ETF: it is a broad US stock-market fund. Linked by “stock market” (the broad US market) in this story
Spdr Dow Jones Industrial Average Etf Trust (DIA)
“Stock market forecast: Goldman Sachs, JPMorgan, Morgan Stanley predict what's next after tech selloff” (1 Nov 2026) reaches Spdr Dow Jones Industrial Average Etf Trust (DIA) through this story.
For Spdr Dow Jones Industrial Average Etf Trust (DIA), the reason on file says SPDR Dow Jones Industrial Average ETF: it is a broad US stock-market fund. Linked by “stock market” (the broad US market) in this story
Invesco Qqq Trust, Series 1 (QQQ) is here too. Its reason reads: Invesco QQQ: it is a broad US stock-market fund. Linked by “stock market” (the broad US market) in this story
Dates in the story, and the Spdr Dow Jones Industrial Average Etf Trust (DIA) price range
DIA traded between 504.92 and 522.62 across 19 sessions. The latest close on file is 515.65. IWM traded between 269.88 and 285.25 across 20 sessions. The latest close on file is 279.37. QQQ traded between 683.47 and 762.84 across 20 sessions. The latest close on file is 690.51.
How strong the case is around Spdr Dow Jones Industrial Average Etf Trust (DIA)
40 out of 100
“Stock market forecast: Goldman Sachs, JPMorgan, Morgan Stanley predict what's next after tech selloff” scores 40 out of 100. The score uses 1 sources, and 5 linked companies.