(NEW YORK) — U.S. stocks recovered after a brief scare Tuesday. The markets dropped abruptly in reaction to a false tweet from the Associated Press Twitter account claiming there were explosions at the White House that had injured President Obama.
According the Wall Street Journal, the markets quickly recovered after AP explained on its corporate website that its Twitter account had been hacked.
The Dow Jones closed up 152.29 points at 14,719.46 Tuesday, after plunging by more than 150 points due to the false tweet. The Nasdaq Composite added 35.78 points to end at 3,269.33. The S&P 500 gained 16.27 points, closing at 1,578.78.
Meanwhile, Americans are feeling more confident about the economy, according to a recent Gallup poll. The U.S. Economic Confidence Index was -14 last week, up from -17 the week before.
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Madison Park, Keith Allen and Andreas Preuss, CNN