Multiple empirical studies confirm that news releases, media tone, and information dissemination exert a measurable, statistically significant influence on both stock market volatility and asset valuations.
The claim is specific, empirical, and testable. The provided literature strongly supports the proposition that news and media coverage impact asset volatility and prices. Papers [1], [6], [7], and [9] all provide direct empirical evidence showing that news releases, media attention, and sentiment significantly affect market prices and volatility. No papers refute the claim.