(KMOX) — Around noon Tuesday news junkies and stock brokers simultaneously had a mini heart after this tweet by The Associated Press.

Click image to enlarge

Click image to enlarge

The @AP Twitter account has since been suspended and AP acknowledged the hacking to it’s 1.9 million followers.

But what’s more interesting is that U.S. stocks briefly erased a 125-point gain after the false tweet.

“The AP’s servers got hacked. People quickly figured that out…see how temperamental the market is? The age of social media, if you’re allowed to monitor Twitter feeds like we are, we see that right away,” said Keith Bliss, senior vice president at brokerage firm Cuttone & Co. “Just goes to show, you shouldn’t have a knee-jerk reaction to anything that comes across Twitter.”

From 12:08 p.m. CT to 12:10 p.m. CT, the Dow went from a 132-point gain to a nearly 13-point loss. It was recently back up 127 points.


Leave a Reply

Please log in using one of these methods to post your comment:

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Listen Live