A tweet from The Associated Press Twitter account claiming the White House had been bombed caused investors to suddenly push the Dow down more than 100 points in two ...
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The stock market briefly dropped, then recovered, after the Associated Press' Twitter account was hacked and a fake tweet about an attack on the White House was posted.
The AP released the following statement at 1:12 p.m.: "The (at)AP twitter account has been hacked. The tweet about an attack at the White House is false. We will advise more as soon as possible."
The Dow Jones industrial average fell more than 150 points after the fake Twitter posting, then quickly recovered.
Other markets also reacted to the fake posting.
The price of crude oil fell, then rose back. The yield on the benchmark U.S. government bond, the 10-year Treasury note, briefly dropped as traders shifted money into low-risk investments.
The turmoil lasted for about five minutes. By about 1:13 p.m., stocks, bonds and crude oil were all trading about where they were before the fake tweet was posted.
http://news.yahoo.com/stocks-briefly-drop-recover-fake-172814328.html