Wall Street Roundup: What now? Wall Street victorious.

This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts.

Gold: Trading now at $1,470 per ounce, down 0.3% from Friday. Dow Jones industrial average: Trading now at 12,424.18, up 0.4% from Friday.

What now? In the wake of last week’s federal budget compromise, and anticipating the fight over the debt ceiling, there is a fierce debate about where the economy is heading -- could the recent good times be reaching their end?

Not over. A day after the New York Stock Exchange’s board rejected Nasdaq’s takeover offer, Nasdaq is considering its options, including going directly to the NYSE’s shareholders.

Wall Street victorious. New York magazine dedicates most of its new issue to chronicling just how thoroughly Wall Street won in the wake of the financial crisis.

Winning from losing. A new lawsuit accuses JPMorgan of allowing its customers to keep money in one of the bank’s struggling investment vehicles while traders at the bank made money off the vehicle’s collapse.

Inside China. Unlike in the United States, trading on inside information is an accepted part of the investing game in China.

-- Nathaniel Popper in New York

Los Angeles Times