Fortune
Wall Street just had its best day in nearly a year over a rumor
Wall Street surged in one of its strongest single-session rallies in months, with the Nasdaq clawing back half of its year-long losses in a matter of hours. The catalyst was rumor rather than confirmed policy or earnings news, underscoring how fragile and sentiment-driven the current market environment has become. When a single unverified report can move markets this dramatically, volatility is the only certainty investors can bank on.
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