Dow Futures Slip as Goldman Sachs Downgrades; Coinbase Plummets

Goldman Sachs Downgrade Weighs on Dow Jones Component

On Wednesday morning, Dow Jones futures took a hit as Goldman Sachs (GS) experienced a downgrade, causing a dip in its stock price. BMO Capital downgraded the banking giant from outperform to market perform. As a result, Goldman Sachs stock declined 0.5% in premarket trading. Furthermore, the stock was trading above a cup-base entry of $361.62 on Tuesday. BMO Capital assigned a price target of $357 for Goldman Sachs.