Search

Stocks Plunge and Recover From Fake Tweet; New Home Sales Climb

By: , dated April 23rd, 2013
The markets rose on Tuesday as investors awaited results from Apple (AAPL) and AT&T (T) that came after the close of the bell. Other corporations released Q1 earnings as well including Netflix (NFLX), Travelers (TRV) and DuPont (DFT). In a matter of seconds, a fake tweet sent earlier in the day from the Associated Press account send the Dow down over 150 points, but the index was able to quickly recover. Data showed that new home sales increased about 1.5% in March at the strongest annual rate since Q3 of 2008. Concerns grew over the global economy after news that both China and the euro zone's manufacturing industries contracted this month. Despite the gloomy report markets were able to rally on hopes that the European Central Bank may lower interest rates sooner than expected.

Word on the Street

Interesting Tidbits

This article was brought to you by the InvestorGuide Staff Writers and Editors.

Copyrighted by InvestorGuide.com. All rights reserved.

Leave a Reply