A Congressman slammed Fox News for creating and airing a graphic highlighting how stocks have risen after the high-profile deaths of black men in the US.
Rep. Bobby L. Rush, a Democrat in Illinois, tweeted late on Friday that the graphic “makes it clear that @FoxNews does not care about black lives.”
“This is absolutely outrageous and disgusting. This graphic tells every single @FoxNews viewer that Black lives can be exchanged for market gain.”
It claimed that the S&P 500, which tracks the performance of the biggest companies in the US, had improved in performance after civil rights leader Martin Luther King Jr. was assassinated in 1968.
It also claimed it did so after police officers were filmed beating activist Rodney King were acquitted in 1992, and when the unarmed teenager Michael Brown was shot dead by police in 2014.
It also pointed to gains following the death of George Floyd on May 25. Floyd was killed after a white Minneapolis police officer kneeled on his neck for nearly nine minutes while taking him into custody.
Floyd’s death has sparked protests across the country, renewing calls to end police brutality and tackle wider racism.
The graphic was shown during Fox News’ news coverage, rather than one of its commentary shows.
The graphic shows “percentage change” one week after the event.
“Historically, there has been a disconnect between what investors focus on and what happens across the rest of the country,” the reporter said, before pointing to the gains made after the other black men were killed.
The improvement in stock performance during a time of major upheaval is not unusual. The Wall Street Journal reported that the 4.9% rise in the week leading up to June 5, which was dominated by intense protests, is “typical” during times of unrest and uncertainty.