S&P 500 Snapshot: A Tweet Day for the U.S. Markets
Today’s market will be remembered for one thing: A bogus Associated Press tweet (“Two Explosions in the White House and Barack Obama is injured”). The Twitter hack triggered a one-percent convulsion in the U.S. markets that played out in about five minutes.
Aside from that, the S&P 500 rallied at the open, a faint replica of the surge in the European indexes after a mixed bag of PMI (purchasing managers’ index) data from Germany and France apparently triggered hopes of more Central Bank fiddling. The index closed the day with a gain of 1.04 percent, less than a point from its intraday high during the noon hour (before the infamous tweet).