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Meme Stocks Post Best Day Since June as GameStop, AMC Surge

  • GameStop, AMC Entertainment each soar more than 20% Tuesday
  • Rally catches analysts by surprise ahead of Jackson Hole
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A basket of so-called meme stocks is surging, fueled by afternoon rallies for GameStop Corp. and AMC Entertainment Holdings Inc.

The group of 37 retail-trader favorites tracked by Bloomberg soared 10% Tuesday, the most since early June, as trading volumes accelerated. GameStop and AMC, two of the most closely-followed meme stocks, surged 28% and 20% respectively.