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Hedge funds rush to cover shorts as ceasefire sparks rally – report (SPY:NYSEARCA)

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Apr 08, 2026, 2:38 PM ETState Street SPDR S&P 500 ETF Trust (SPY), QQQ, DIAIVV, RSP, XLE, SMH, USO, ITA, SH, DOG, SSO, DDM, DXD, QID, SDS, UPRO, SQQQ, SDOW, BNO, VOO, SPXU, QQQMBy: Max Gottlich, SA News Editor
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Hedge funds scrambled to close out bets against U.S. stocks at the fastest pace since the pandemic-era market crash of March 2020, according to Goldman Sachs’ trading desk division, Bloomberg reported Wednesday.

The firm reported that hedge fund managers late

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