Severe oil shock could drag S&P 500 down to 5,400, Goldman warns

March 16 (Reuters) – Goldman Sachs said severe disruptions to oil supplies from the ongoing Middle East conflict could ​push the S&P 500 index down ‌to nearly 5,400 this year, or about 19% below current levels.

The index last closed at 6,632.19 on Friday.

(Reporting by Kanchana Chakravarty and Siddarth S in Bengaluru; Editing by ​Diti Pujara)