Ryder System

The U.S. stock market surged on Tuesday, but the session was not without drama for investors.During afternoon trade, the major averages lost nearly all of their gains very briefly after a tweet from the AP said that there had been an explosion at the White House and that the President had been injured.The report was erroneous and the AP later said that its Twitter feed had been hacked. It appears that the split-second heavy selling was driven by news reading algorithms, and the stock market recovered the losses within a matter of minutes.In other news, sales of new homes for the month of March came in slightly ahead of expectations and above levels recorded for February. At the close, all of the major averages had recorded gains in excess of 1 percent.Major AveragesThe Dow Jones Industrial Average rose 152 points, or 1.05 percent, to 14,719.The S&P 500 ETF (NYSE:SPY) added 16 points, or 1.04 percent, to 1,579.The Nasdaq Composite climbed 36 points, or 1.11 percent, to close the day at ...

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