An honest reporting would use percentage movement, in which case this drop was .7%. Typical activity. The first circuit breaker put in place to prevent a stock run begins at a 7% drop, and that only stops things for 15 mins because it’s not even critical yet at that point.
But to the average person who knows little about the stock market, 350 points sounds like a lot, so it gets views, especially when it’s supposedly connected to another event that “caused” it.
An honest reporting would use percentage movement, in which case this drop was .7%. Typical activity. The first circuit breaker put in place to prevent a stock run begins at a 7% drop, and that only stops things for 15 mins because it’s not even critical yet at that point.
But to the average person who knows little about the stock market, 350 points sounds like a lot, so it gets views, especially when it’s supposedly connected to another event that “caused” it.