Why Is Goldman Sachs (GS) Stock Price Down 5.09% Today, July 29? Fed-Driven Risk-Off Selling Hits Investment Banks

Goldman Sachs fell 5.09% amid a broad risk-off session driven by geopolitical tension and heightened uncertainty around the Federal Reserve, with peer banks also declining. The move appears macro- and sector-led rather than tied to a Goldman-specific catalyst, highlighting financials' sensitivity to rates volatility and risk appetite. Technically, the break below a prior support zone reinforces near-term caution across investment-bank exposure.