Twitter hoax reveals financial-market vulnerability

A false report of explosions at the White House and injuries to President Barack Obama sent stock prices plunging and triggered a significant but temporary loss on markets for stocks, bonds, commodities and currencies. The incident demonstrated the vulnerability of the financial system to dramatic news accounts, including false ones. The Associated Press said its Twitter account had been hacked and quickly corrected the report. The Securities and Exchange Commission is looking into the incident, said Commissioner Daniel Gallagher.

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