Alleged White House Explosion Sends Market into a Tailspin

How do politics affect financial markets? Pretty significantly!

Wonkblog reports:

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 that there had been a White House explosion.