Advertisement
U.S. markets open in 4 hours 23 minutes
  • S&P Futures

    5,304.25
    -4.00 (-0.08%)
     
  • Dow Futures

    40,141.00
    -3.00 (-0.01%)
     
  • Nasdaq Futures

    18,482.75
    -21.00 (-0.11%)
     
  • Russell 2000 Futures

    2,134.60
    -3.80 (-0.18%)
     
  • Crude Oil

    81.83
    +0.48 (+0.59%)
     
  • Gold

    2,215.80
    +3.10 (+0.14%)
     
  • Silver

    24.54
    -0.21 (-0.86%)
     
  • EUR/USD

    1.0790
    -0.0040 (-0.37%)
     
  • 10-Yr Bond

    4.1960
    0.0000 (0.00%)
     
  • Vix

    12.95
    +0.17 (+1.33%)
     
  • GBP/USD

    1.2604
    -0.0034 (-0.27%)
     
  • USD/JPY

    151.4280
    +0.1820 (+0.12%)
     
  • Bitcoin USD

    70,667.12
    +1,165.70 (+1.68%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,956.45
    +24.47 (+0.31%)
     
  • Nikkei 225

    40,168.07
    -594.66 (-1.46%)
     

AP twitter hack Sends S&P Futures Down while Volume Surges

On Tuesday 1:00EST, the associated press twitter account sent out a tweet the reads “Breaking: Two Explosions in the White House and Barack Obama is injured.” Shortly after the release, the account has been suspended and associated press stated that their verified account has been hacked and the message was erroneous.

Although the associated press was the only source of the false message, it has disseminated quickly to other media platforms through its mass 1,903,131 active followers. As a result, the S&P 500 dipped 14 points to 1562.50 within the three minutes of the message. At the time of writing, the S&P 500 and Emini future volume have returned to their previous levels as investors disregarded the false tweets about the explosion.

Both graphs below show the price action of the S&P 500 Future and S&P 500 Emini future volume. The first graph shows that volume has surged substantially to nearly $2 billion, it is clear that the scale of the movement was massive relative to the volume within the month. Meanwhile, the second graph provide a better sense of the price action in a shorter time frame, showing the S&P 500 futures plummeted nearly 20 points to 1557.

AP_twitter_hack_Sends_SP_Futures_Down_while_Volume_Surges_body_Picture_3.png,  AP twitter hack Sends S&P Futures Down while Volume Surges
AP_twitter_hack_Sends_SP_Futures_Down_while_Volume_Surges_body_Picture_3.png, AP twitter hack Sends S&P Futures Down while Volume Surges
AP_twitter_hack_Sends_SP_Futures_Down_while_Volume_Surges_body_Picture_1.png,  AP twitter hack Sends S&P Futures Down while Volume Surges
AP_twitter_hack_Sends_SP_Futures_Down_while_Volume_Surges_body_Picture_1.png, AP twitter hack Sends S&P Futures Down while Volume Surges

USDJPY 5 Minute Chart

AP_twitter_hack_Sends_SP_Futures_Down_while_Volume_Surges_body_Clipboard01.jpg,  AP twitter hack Sends S&P Futures Down while Volume Surges
AP_twitter_hack_Sends_SP_Futures_Down_while_Volume_Surges_body_Clipboard01.jpg, AP twitter hack Sends S&P Futures Down while Volume Surges

Chart Created by Robin Leung using Marketscope 2.0

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

Advertisement