Share price rises after disruption
Shares in US company Facebook were up more than 2 per cent by the close of trading on the New York Stock Exchange on Tuesday.
According to data posted on the trading floor's website, the company's shares rose by $6.73 (2.06%) to $332.96 by 4pm US East Coast time. Amid a widespread glitch caused by an internal error by Facebook engineers while installing the update, the company's shares fell 4.89 per cent by the close of trading on Monday, but started rising already at the opening of trading on Tuesday.
Shares in other technology companies also rose by the close of trading. Thus, Twitter stock rose 2.49%, Alphabet (the company owned by Google) rose 1.77%, Amazon gained 0.98% and Apple gained 1.42%.
By the end of the trading session NASDAQ electronic exchange index grew 178.35 points (1.25 per cent) to 14,433.83 points. The U.S. Dow Jones Industrial Average gained 311.75 points (0.92%) 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 suffered massive disruption on Monday. They were not functioning for more than six and a half hours. The problem was caused by an internal error by Facebook's engineers when installing the update, which required manual changes to the databases.
