The stock market briefly plummeted Tuesday afternoon after a bogus tweet sent Wall Street into a temporary tailspin, a sign of the fragile state of market psychology and the susceptibility of even the multi-trillion dollar financial markets to bad information.
The official Twitter account of the Associated Press was hacked, the AP reported, and the hacker tweeted out “Breaking: Two Explosions in the White House and Barack Obama is injured."
This is how the stock market reacted:
At 1:07 p.m., the Standard & Poor's 500 index and other major indexes plummeted, before the rebound started at 1:10 p.m., when word began to circulate that the AP tweet was a hoax and the White House was unharmed.
"The president is fine, I was just with him," White House press secretary Jay Carney told reporters.
Correction: An earlier version of this post had incorrect language on the AP Tweet and inaccurately said there was an image attached.