Get Breaking Alerts on Stocks Before The Mainstream Media

Stay informed of the biggest news on stocks so you can react before 90% of retail investors.
Email address
We guarantee you to keep your privacy
Connect with us
Financial Press
the-margin:-fox-news-apologizes-after-getting-called-out-for-comparing-ae˜the-death-of-black-men-to-gains-in-the-stock-marketae
the-margin:-fox-news-apologizes-after-getting-called-out-for-comparing-ae˜the-death-of-black-men-to-gains-in-the-stock-marketae

Breaking

The Margin: Fox News apologizes after getting called out for comparing the death of black men to gains in the stock market

The Margin


Fox News

The stock market tends to do really well after high-profile cases of brutality and murder in the black community leads to widespread civil unrest, according to a Fox News graphic answering the question nobody with any sense of the moment was asking on Friday.

It didn’t go over well across social media:

The son of Martin Luther King Jr. was one of many voices taking offense, tweeting he was “appalled” and that “a human life DOES NOT compare to a percentage jump in the S&P 500
SPX,
2.62%

.”

Get Breaking Stock Alerts

Stay informed of the biggest news on stocks so you can react before 90% of retail investors.
Email address
We are Spam free & Secure 🙂

Rep. Bobby Rush also chimed in:

Fox News later apologized.

“The infographic used on FOX News Channel’s Special Report to illustrate market reactions to historic periods of civil unrest should have never aired on television without full context,” the statement read. “We apologize for the insensitivity of the image & take this issue seriously.”

The Wall Street Journal on Friday offered more of that “full context” in a story that took a deeper dive into the numbers to come to a similar conclusion.

“There’s a heck of a lot that the market is seemingly ignoring right now, in addition to the protests,” Liz Ann Sonders, chief investment strategist at Charles Schwab, told the Journal. “But if you look back at the history of large-scale civil unrest… the market tended to sort of look through that. You didn’t tend to see significant weakness either while it was happening or in the aftermath.”

Written By

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Breaking

After Snap Inc. lost more than a quarter of its market value and took other internet stocks down with it last week, there were...

Breaking

Visa Inc. topped earnings expectations for its latest quarter but shares dipped 2.7% in the aftermarket session as the company issued a revenue outlook...

Breaking

Visiting the Happiest Place on Earth just got a bit more expensive. Disneyland Resort hiked the cost of most tickets to the Disneyland and...

Breaking

The numbers: New-home sales surge higher Sales of new homes in the U.S. rose in September, even though home prices rose to a new...

Get Breaking Stock Alerts

Stay informed of the biggest news on stocks so you can react before 90% of retail investors.
Email address
We are Spam free & Secure :)

Get Breaking Stock Alerts

Email address

Get Breaking Stock Alerts

Stay informed of the biggest news on stocks so you can react before 90% of retail investors.
Email address