New York, Feb 9, 2026, 18:33 ET — After-hours
- Goldman shares pushed higher in late trading, with Wall Street finding its footing again following last week’s tech stumble.
- Goldman now sees the 2026 IPO market swelling, drawing attention once again to deal fees.
- Next up for rate-cut wagers: jobs and inflation numbers due out later this week.
The Goldman Sachs Group, Inc. (GS) climbed 1.6% to $943.62 after hours on Monday. Shares traded in a range from $922.42 up to $949.00 throughout the session. Roughly 2.3 million shares changed hands.
U.S. stocks bounced back, with tech shares out in front and Treasury yields pulling back as investors braced for a packed week of economic releases. The S&P 500 gained 0.58%, the Nasdaq climbed 1.02%, and the 10-year Treasury yield settled near 4.202%. “It seems to be the traditional buy-the-dip by retail investors,” said Oliver Pursche, senior vice president and adviser at Wealthspire Advisors. Reuters
Goldman thrust dealmaking into the spotlight again. The bank’s analysts projected that U.S. IPO proceeds might hit $160 billion by 2026—a fourfold jump—with the number of offerings potentially climbing to 120. SpaceX, OpenAI, and Anthropic are among those edging closer to public markets. Still, they flagged risks: “continued volatility in share prices” and a backlog dominated by software IPOs could cloud the picture. Reuters
Other major banks saw mixed action late. Morgan Stanley picked up 1.3%. JPMorgan dipped 0.1%, and Bank of America edged lower by 0.3%.
Goldman cares about IPOs since advisory and underwriting fees usually track with both equity valuations and how upbeat companies feel. In an IPO—a private company’s initial public share sale—banks collect a cut of the raised cash as their fee.
The competition is heating up. Morgan Stanley has reinstated longtime tech dealmaker Michael Grimes as chairman of investment banking, according to an internal memo reviewed by Reuters, aiming to secure major tech IPOs.
Interest rates remain a wild card. White House economic adviser Kevin Hassett told reporters he expects “slightly smaller job numbers” in the months ahead but said investors “shouldn’t panic” if payrolls come in soft—he pointed to productivity gains and a cooler labor force as factors. According to a Reuters survey referenced in the report, economists put January’s job creation at 70,000 and forecast the unemployment rate holding at 4.4%. Reuters
Still, things can shift in a hurry. A hotter-than-expected inflation print and a spike in yields, and suddenly firms are pushing IPOs back. Banks could see risk appetite vanish just as fast as it reappeared.
Traders won’t have to wait long for the next data points. The U.S. Bureau of Labor Statistics lists the January Employment Situation report for release Wednesday at 8:30 a.m. ET, with January’s consumer price index coming Friday, also at 8:30 a.m. ET.
