U.S. trucking company Yellow’s shares jumped over 67% on Tuesday, after more than doubling in the previous session as the Teamsters Union said the firm had ceased operations and was filing for bankruptcy.
The resurgence in meme stocks, named so because their rallies were driven by hype on social media, comes alongside a broader rise in U.S. stocks on bets that interest rates had peaked and the economy would avoid a recession.
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