Stocks Boomerang After Twitter Hack Spooks Markets
NEW YORK (TheStreet) -- U.S. stocks indexes closed near session highs after a Twitter hacking event sent the Dow Jones Industrial Average crashing by nearly as many points as there are characters in a single tweet.
The Dow fell 143 points at about 1:08 p.m. New York time, temporarily erasing the day's gains after The Associated Press Twitter account erroneously reported two explosions at the White House coupled with a report that President Barack Obama had been injured. The maximum number of characters in a Tweet is 140.
Markets snapped back within minutes to near session highs after journalists attending a press briefing inside the White House reported that the Tweet was false. Another AP Twitter account, @apstylebook, confirmed that the @AP account had been hacked. The tweet occurred at about 1:08 p.m. EST.
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