+4% YoY and -4% in a day are vastly different in timescale.

Reporting on the stock market generally is overwrought (stocks always "soar!", "plummet!", "rocket!") because the kind of typical events are inherently repetitive. Sports reporting is the same.

That said, the Nasdaq hasn't seen a lot of -4.8% days recently. This particular article isn't egregious.

Agree. it's not that big of a deal. i will be buying dip

Seriously, according to the headlines I've seen shared here since June you'd think the market got wiped out 5 or 6 times.

This is a bigger jump, but it's also immediately after elections and other activity so I'd expect higher volatility than normal.