U.S. IPOs Hit $251B First-Half Record, Pacing for 2021 Beat
U.S. issuers raised $251B through June 26 — the biggest H1 on record — led by SpaceX’s $86.2B IPO and Alphabet’s $85B AI raise. Inside the numbers.
Market Trend
Analysis of broad equity-market direction, sector leadership, volatility, rates, and cross-asset signals. Articles identify the date and session for market data and separate observation from interpretation.
Alphabet Joins the Dow, Replacing Verizon June 29, 2026
Alphabet (GOOGL) replaces Verizon (VZ) in the Dow Jones Industrial Average on June 29, 2026. Here’s what the price-weighted swap means for the index.
Apollo, Morgan Stanley Gate Funds as Private Credit Exits Hit 17%
Apollo capped Q2 redemptions at its $26B Debt Solutions BDC after 16.8% requested, while Morgan Stanley’s $7B North Haven fund gated at 5% on 11.6% requests.
Tech Rout Sinks Nasdaq 2.2% as Chip Wreck Hits Wall St.
The Nasdaq fell 2.2% Monday and the VIX jumped 13% as semis cracked nearly 8%. Mag 7 fractured: NVDA -4%, Alphabet hit hard, MSFT and AAPL held.
30-Year Yield Near 5% as Fed Holds and Hike Bets Rise
The 30-year Treasury yield is at 4.94% as the Fed holds at 3.50-3.75% and nine officials pencil in 2026 rate hikes. What it means for markets.
Money Market Funds Hit $7.92T Record as Cash Piles In
US money market fund assets climbed to a record $7.92 trillion the week ending June 17, 2026, with institutional money driving the latest leg up.
IT Services Rout: EPAM, Cognizant, IBM Slide on AI Fears
Accenture’s FY26 guide cut pulled the whole IT services group down — EPAM -12.6%, Cognizant -10.5%, IBM -5.1%. Is AI eating consulting?
AI Capex Drives US Corporate Bonds Past Record Pace in 2026
US corporate bond issuance hit $1.23T through May 2026 as hyperscalers tap the market to fund AI capex on a historic scale.
Private Credit Lending Drops 40% as BDCs Gate Redemptions
Private credit loan issuance fell to $45B in the three months through May 2026 — a 40% drop from Q1 — as BDC redemption queues forced gates.
S&P 500 Top-10 Concentration Hits 37%, Beating Dot-Com Peak
The S&P 500’s 10 largest stocks now command roughly 37% of the index — exceeding the 2000 dot-com peak. Here’s the data and what it means.