Bitcoin is on the rise and stocks opened higher, a day after a selloff among major technology firms dragged down broader indexes. Here’s what we’re watching as Tuesday’s trading session gets under way.
- Bitcoin’s dollar value cracked $50,000 for the first time in a month, rising as much as 2.8% from its 5 p.m. ET level Monday to $50,361.60 before edging down to $50,110.61, according to data from CoinDesk. Shares of cryptocurrency companies also gained, with
Global opening 1.1% higher. Bitcoin mining companies Hut 8 Mining and
each added more than 3%.
Stocks of bitcoin miners were climbing alongside the cryptocurrency.
Photo:
Michael Nagle/Bloomberg News
-
‘s shares rose 1.1% early Tuesday after the social media company restored services that went offline for as much as six hours Monday in an extended outage that disrupted access for users and businesses around the world. Facebook whistleblower Frances Haugen is set to testify before Congress on Tuesday.
- Shares of
opened 4% higher after losing nearly half their value Monday. Amplify, a Houston-based oil and natural-gas company, said it has shut down all of its production and pipeline operations in the area as a precautionary measure after a major oil spill at the company’s platform off the coast of Orange County, Calif., over the weekend.
-
‘ shares plunged 10% after it reported quarterly earnings and said its chief operating officer would become chief executive.
- Shares of
added 2.1% after the wine company’s financial guidance for the current year beat Wall Street expectations.
-
shares edged up 0.8% after the food-and-beverage company said its revenue rose for the recent quarter, though profit fell, while it navigates a volatile supply-chain and cost environment.
- Shares of energy companies gained as Brent crude, the international benchmark, rose 1.4% to $82.40 a barrel—its highest level since 2018.
and
shares each added about 3% each.
-
shares jumped 13% after it moved to buy a portfolio of producing oil-weighted assets in a deal worth about $99.5 million that will see the energy company becoming majority owned by Lubbock Energy Partners, Synergy Offshore and certain entities controlled by Sage Road Capital.
- Earnings are due from
after the close.
Chart of the Day
- Cotton futures are trading at their highest price in about a decade, with growing Chinese demand being met in part by rising U.S. exports to China, a curiosity of Trump-era trade-war policies.
Write to Caitlin Ostroff at caitlin.ostroff@wsj.com
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Read More:Bitcoin Price Passes $50,000: What to Watch as the Stock Market Opens Today
2021-10-05 13:43:00
