Trick tweet

US SHARES dropped steeply for a couple of minutes on Tuesday after hackers reported fake explosions at the White House on the Associated Press’ Twitter account. Stocks recovered after the bogus tweet to close high but investors didn’t rescue Arch Coal which sank 32c or 6.5% on almost 30 million shares traded after it lost a federal appeal case against the Environmental Protection Agency and reported $70 million first quarter losses.

Staff Reporter

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