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Monday was the single largest rally in the history of the U.S. stock market, with the Dow closing out the day up 1,293.96, or over five percent. The Wall Street bounce back came after a week of historic drops due to the effects of the coronavirus (COVID-19) on the global market. Despite the stunning rebound, CBS Evening News wasn’t interested and instead chose to discuss how President Trump was still holding a campaign rally while the virus was spreading. Yet, they didn’t wag a finger at Democratic rallies.
In contrast, both ABC’s World News Tonight and NBC Nightly News made note of the stock market bounce-back amid their extensive coverage of the COVID-19 outbreak.
“And we took note of a big rebound in the financial markets today after last week. Of course, the worst week since the financial crisis in 2008,” reported ABC anchor David Muir. “Today, the Dow gaining nearly 1,300 points. The most points gained ever in a single day, up five percent. Investors encouraged by signals from the Federal Reserve they'll consider interest rates if needed and similar remarks tonight from financial ministers overseas.”
Muir did seem to hedge against the possibility of any additional positive movement by noting: “They do expect volatility ahead though.”
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