Ten thousand examples of bias — all at once. ABC, CBS and NBC evening news shows repeated the bias of the night before by ignoring a huge investment milestone.
The Nasdaq Composite stock index closed above 10,000 “for the first time,” according to Nasdaq. Nasdaq said this was a “historic milestone for the tech-dominant index that demonstrates economic resiliency and growth amid a pandemic.” Specifically, the index closed at 10,020.35, “powered by gains in large-cap tech stocks, many of which have enabled people to live and work remotely during lockdown measures.” ABC's World News Tonight, the CBS Evening News, and NBC Nightly News with Lester Holt all ignored the historic event.
Yesterday evening, when the Nasdaq topped 10,000 for the first time, the same three evening news shows ignored that milestone also. This makes this latest development the second day in a row the three major evening news shows have ignored the Nasdaq Composite’s historic performance.
Meanwhile, Nasdaq noted that this year, the index “has increased about 12%, outpacing the S&P 500’s 1% decline, as the tech sector has performed well.”
Also, according to Nasdaq:
The composite’s close comes as Apple (AAPL), Amazon (AMZN), Microsoft (MSFT) and Tesla (TSLA) hit new all-time highs, all of which, except Tesla, are coming off fresh highs on Tuesday, the day when the Nasdaq Composite briefly rose above 10,000 for the first time. The tech stocks have performed better than most during the pandemic as people turn to their services to work and communicate remotely.
It appears that if economic events aren’t bad enough to hurt President Donald Trump’s optimism on a market recovery, the Big Three will ignore them.
MRC News Analyst Nicholas Fondacaro contributed to this report.