A fake tweet sent Tuesday after the Associated Press Twitter account was hacked sent the Dow Jones Industrial Average into a quick tailspin.
The Dow dropped 143 points at around 1 pm EST, going from 14,555 from 14,699, after a fake tweet said explosions had rocked the White House and the president had been hurt.
The Dow quickly recovered after the tweet was deemed to be inaccurate.
"All: The main @AP Twitter account has been hacked, The tweets coming out of there are false. We are working to correct the problem," a tweet from AP later announced.
A group that goes by the name Syrian Electronic Army has claimed responsibility for hacking the AP's account, which is now suspended.
White House press secretary Jay Carney began a Tuesday press briefing by saying the president was unharmed.