Conventional wisdom is out the door for some surging stocks as online hoards are bringing back meme stock mania.

Trump’s tariffs and the trade war continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

The level of short interest in Kohl’s shares, at nearly 50%, has finally caught the attention of retail traders, setting the discount retailer up to become the market’s newest meme stock. The stock traded up as much as 105% Tuesday morning,

Like most sequels, “Meme Stock Mania Part II” can’t quite replicate the magic of the original. But for a couple of days, it looked like we were on the brink of a repeat of that early-2021 fervor, when an army of regular-Joe day-traders banded together online to get rich quick while waging financial war on the supposedly more sophisticated suits on Wall Street.