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Wall Street cuts gains, then bounces back after bogus tweet

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By Caroline Valetkevitch NEW YORK (Reuters) – Stocks sharply cut gains before bouncing back on Tuesday following a "bogus" Associated Press report about explosions at the White House. The benchmark S&P 500 dropped 14 points to as low as 1,563. 03 before recovering, all in about five seconds. An AP tweet, which an AP spokesman said was "bogus," had said there were two explosions at the White House. "We see this every time this type of news comes out: liquidity evaporates quickly. . . .

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