Jonas Goltermann
Coverage of Jonas Goltermann in the Nexus archive.
- Wall Street squeezes out minor gains on so-so jobs data
Wall Street saw modest gains amid mixed jobs data, with the Dow Jones Industrial Average setting a new record and the S&P 500 and Nasdaq recovering from previous losses. The June jobs report showed weaker labor market growth and downward revisions to prior months, but analysts suggested the data may be misleading due to a 61,000-job drop in the leisure and hospitality sector, which could be revised upward in the coming months.
- The hottest debate on Wall Street right now: Does the flood of mega-IPOs and new shares signal a downturn ahead? That depends
Wall Street debates whether the surge in mega-IPOs and new shares from companies like SpaceX, OpenAI, Anthropic, and Alphabet signals an impending market downturn. Economists at Capital Economics warn that high equity issuance historically preceded bear markets, while Deutsche Bank analysts argue strong market returns typically follow issuance waves.