A Twitter account from The Associated Press was hacked Tuesday afternoon and the erroneous message — to be perfectly clear, it WAS NOT TRUE — sent stocks down sharply for a few moments.
The false message claimed there had been two explosions at the White House and that President Obama had been injured. Again, none of that happened.
Just after 1 p.m. ET, the Dow Jones industrial average dropped about 130 points, around 1 percen. It quickly bounced back as the truth — that there had been no such explosions and that the president was fine — became apparent.
By 1:45 p.m. the Dow was firmly back in positive territory, more than 120 points (about 1 percent) up from Monday’s close.
The AP’s corporate communications department has posted this message on its Twitter page:
“The @AP Twitter account has been suspended after it was hacked. The tweet about an attack on the White House was false.”
It isn’t known yet who was behind the hacking.