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Why IonQ Stock Skyrocketed Today

TheMotleyFool

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IonQ (NYSE: IONQ) stock enjoyed a strong rally in Wednesday's trading thanks to multiple bullish catalysts. The company's share price rose 11.6% in a day of trading that saw the S 500 climb 0.4% and the Nasdaq Composite rise 0.9%.

IonQ stock rose today as new macroeconomic data pointed to a potential interest rate cut this month and news of a trade deal with Vietnam pointed toward some stabilization on the global business front. Cantor Fitzgerald also weighed in with bullish coverage on the quantum computing specialist.

Image source: Getty Images.

Source Fool.com

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