Stock Drop Mixed Numbers?

When the New York Stock Exchange closed today with a major drop, the three cable news networks noted the falling fiscal numbers in different ways.

For starters, CNN and Fox News reported it had dropped by the correct 376 points, while MSNBC had it as only 303 points. (Later, online, MSNBC was showing the correct numbers.)

Fox Newsman Neil Cavuto at one point even tried to tie the drop to Mexican President Felipe Calderon's speech before Congress, in which he criticized the Arizona immigration law to some positive applause.

AP, however, stated: “Analysts said there was no big event to set off Thursday's selling. More investors seemed to be grasping the possibility that the U.S. recovery could be in jeopardy. And many were realizing that the stock market's big rebound since March 2009 may not have been justified."

Fox, of course, kept on with the stock crash angle well after 4 p.m., pushing coverage in an attempt to mark it as the beginning of a detrimental 2010.