CBS NEWS: Fake AP Tweet Sends Stocks Briefly Plunging | Roland Martin Reports

CBS NEWS: Fake AP Tweet Sends Stocks Briefly Plunging

Source: Alain Sherter / CBS News

(MoneyWatch) Stocks tumbled briefly Tuesday after hackers hijacked the main Twitter feed of The Associated Press and sent out a false tweet about a terror attack at the White House.

The Dow Jones industrial average plunged more than 130 points, or roughly 1 percent, after the fake Twitter posting before quickly rebounding. As of 1:50 p.m, it was up 130 points, or 0.9 percent, to 14,698. The S&P 500 and Nasdaq also fell sharply, but recovered after AP confirmed that the tweets were false.

The tweet, which came shortly after 1 p.m. Eastern Time, claimed there had been two explosions at the White House and that President Barack Obama had been injured. The AP’s mobile application also was compromised.

“The @AP twitter account has been hacked,” the wire service said in a statement. “The tweet about an attack at the White House is false. We will advise more as soon as possible.”

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