On Tuesday, hackers posted a fake tweet
on the Associated Press's Twitter account, claiming explosions at the White House had injured President Obama. Computers running automated trading algorithms started dumping investments. After the Associated Press announced it had been hacked, the market bounced back to normal. But some traders believe it's a matter of time before a flash crash like this causes lasting economic damage. Brent speaks to Joe Saluzzi, the co-head of Equity Trading at Themis Trading.
Eric Hunsader, CEO and founder of Nanex, which provides traders with real-time data, created an animation visualizing the fake Associated Press tweet's impact on the U.S. stock market.