The stock market has been in healthy recovery for two months: The Dow marked yet another consecutive week of gains late last week. Did you know this? Maybe not. ABC, CBS and NBC skipped that moment.
“As the Dow marked its 8th straight week of gains on Feb. 15, all three broadcast evening news shows ignored the news. That day, the Dow rallied more than 400 points to close at 25,883.25 — recovering more than 4,000 points since the Dec. 24 low. The S&P 500 and Nasdaq also gained that day, bringing the Nasdaq out of bear market territory,” wrote Julia A. Seymour, assistant managing editor for the Media Research Center’s Business and Media Institute.
“ABC, CBS and NBC evening news shows are often more likely to cover bad economic news than good. That has certainly been the case for the stock market,” Ms. Seymour said, noting that talk of a “nosedive” or a “market meltdown” was the repeated theme in recent coverage.
“ABC, CBS and NBC evening news shows are often more likely to cover bad economic news than good. That has certainly been the case for the stock market,” she noted.
Indeed, previous analysis by the conservative press watchdog group found that between Dec. 1 and Feb. 5, bad news about the markets got more than four times as much airtime as positive market news — about a half-hour of the bad news compared to seven minutes for the good stuff.
• Jennifer Harper can be reached at jharper@washingtontimes.com.
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