@mermalaid - I'm a bit late to this party, but just to reiterate, for yourself and others who will read this in the future:
do not read daily finance news. :)
Source: I worked in Finance. Was pretty good at it, too. Then made 194% in one year with a handpicked value stock portfolio starting in May 2020. (That ended up bankrolling my lean-FIRE haha)
All those articles are retroactive ex post facto attempts to explain why something happened, and they are rarely successful. In my experience, financial reporters are a lot like male models in Zoolander: they may appear amazing, but there's absolutely no brain activity going on. A lot of them characterize a very normal stock price move (up or down 1-2%) as either a "rally!!!!" or "OMG a huge sell-off!!!" ;) (It's also possible that their editors dumb stuff down to make a consumer like yourself panic. Looks like it works, too!)
Not sure if you remember the Archegos collapse in March 2021: the tl;dr is that a very rich dude took out too much leverage on stocks that ended up going the other way. A lot of the system's failsafe protocols failed because, well, humans are irrational monkeys. When the dude started closing his fund's positions, that caused a
very big splash in the market. None of the financial journos knew what was causing it, so they started throwing their favourite explanations, none of which came even close to the truth.
Financial news is the modern-day version tea-leaf reading. They're nothing but the modern equivalent of ancient priests that would utter their bullshit proclamations ("If we're right, give us more stuff! If we were wrong, it's because you didn't pray hard enough!") - I'm sure some of the people even then suspected those guys were full of shit, but hey, they were the high priests, so they must've been right, eh? ;)
Off the top of my head, I cannot think of anyone who actually
needs to read financial news daily. The only people would be second-order parasites/professionals: financial journos looking for more topics to pontificate on, or day-traders who would try to see which way the panicked herd would run - and fleece them accordingly, etc. But no, you as an individual investor will get absolutely zero benefit from all that. Also, if you aim to live off your investments for years and decades to come, looking at that stuff daily - or even weekly - is a very bad idea. It will not bring you happiness, it sure as hell ain't the road to wisdom, and it will give you unneeded stress.
There was a time when I watched CNBC every day. Of course, some of my worst financial decisions occurred at that time so take that suggestion at your own risk.
Heh... I tried watching it for the first time way back in late 2008, when I was first dabbling with stocks. On the same day, they issued three (3!) absolutely different recommendations on the same stock. I don't recall if it was Buy-Sell-Buy, or Sell-Buy-Sell, but each and every time, they issued their advice with utmost seriousness and very serious arguments on their very professional, very serious faces. :P I was 22. That was when I knew for sure just how full of shit they were. It never ceases to amaze me that there are millions of people who actually watch that garbage and take it seriously. O_o