Wall Street warned of tougher market ahead

Market focus: Pedestrians walk pass the New York Stock Exchange. Investors will be keeping a close eye on the Federal Reserve’s monetary policy meeting, as well as a speech by US President Joe Biden to Congress and earnings from companies. — AP

NEW YORK: Some of Wall Street’s biggest names are predicting a pause in a rally that has taken the S&P 500 to fresh records this year, leaving investors trying to determine whether to lock in some of the breathtaking gains or stay the course.

Among the most recent has been Goldman Sachs, whose analysts on Wednesday said an expected second-quarter peak in US growth could be tied to weaker stock returns.