Facebook shares rose more than 2% on Oct. 5 after massive failure
Facebook shares rose more than two percent by the close of trading on the New York Stock Exchange on Tuesday.
The company’s stock rose $6.73 (2.06 percent) to $332.96 by 4 p.m. U.S. East Coast time, according to data posted on the trading site. Amid a large-scale failure caused by an internal error of Facebook engineers when installing the update, the company’s shares fell by 4.89% by Monday’s close of trading, but have already begun to rise when trading opens on Tuesday.
Shares of other technology companies also rose by the close of trading. For example, Twitter stock rose 2.49%, Alphabet gained 1.77%, Amazon rose 0.98% and Apple gained 1.42%.
By the end of trading session the index of electronic stock exchange NASDAQ grew by 178.35 points (1.25 per cent) and reached 14,433.83 points. The U.S. Dow Jones Industrial Average gained 311.75 points (0.92 per cent) to 34,314.67 points. The S&P 500 index rose 45.26 points (1.05%) to 4,345.72 points.
Facebook, Instagram, WhatsApp and several other resources were disrupted on Monday. They were down for more than six and a half hours. The problem was caused by an internal error by Facebook engineers when installing the update, which resulted in the need to manually make changes to the databases.