Analysts say that strong fundamentals drive stock prices, but these days in the market it just seems to take a few good rumors.

That's what happened last week when scuttlebutt that Chase Manhattan Corp. was in talks with Merrill Lynch & Co. rippled through Wall Street.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.