Facebook is ticking higher aft its services were restored; Amplify Energy is edging up aft Monday’s rout

Stocks of bitcoin miners were climbing alongside the cryptocurrency.

Photo: Michael Nagle/Bloomberg News

Updated Oct. 5, 2021 7:44 americium ET

Bitcoin is connected the emergence and banal futures are up, a time aft a selloff among large exertion firms dragged down broader indexes. Here’s what we’re watching arsenic we get acceptable for Tuesday’s trading session.

  • Bitcoin’s dollar worth cracked $50,000 for the archetypal clip successful a month, rising 2.2% to $50,120.50 from its 5 p.m. ET level Monday, according to information from CoinDesk. Shares of cryptocurrency companies besides gained, with Coinbase Global up 1%. Bitcoin mining companies Hut 8 Mining and Marathon Digital Holdings added much than 2% each premarket.
  • Facebook ‘s shares are up 1.2% premarket aft the societal media institution restored services that went offline for arsenic overmuch arsenic six hours Monday successful an extended outage that disrupted entree for users and businesses astir the world. Facebook whistleblower Frances Haugen is acceptable to testify earlier Congress connected Tuesday.
  • Shares of Amplify Energy roseate much than 6% premarket Tuesday aft losing astir fractional their worth Monday. Amplify, a Houston-based lipid and natural-gas company, said it has shut down each of its accumulation and pipeline operations successful the country arsenic a precautionary measurement aft a major lipid spill astatine the company’s level disconnected the seashore of Orange County, Calif., implicit the weekend.
  • Comtech Telecommunications ‘ shares plunged much than 12% premarket aft it reported quarterly net and said its main operating serviceman would go main executive.
  • Shares of Duckhorn Portfolio added much than 5% successful premarket trading aft the vino company’s fiscal guidance for the existent twelvemonth bushed Wall Street expectations.
  • PepsiCo shares edged up 1.2% aft the food-and-beverage institution said its gross roseate for the caller quarter, though nett fell, portion it navigates a volatile supply-chain and outgo environment.
  • Shares of vigor companies gained arsenic Brent crude, the planetary benchmark, roseate 1.2% to $82.24 a barrel—its highest level since 2018. Occidental Petroleum shares added 1.9%, and shares of Marathon Oil gained 2.5%.
  • Earnings are owed from Saratoga Investment aft the close.
Chart of the Day
  • Cotton futures are trading astatine their highest terms successful astir a decade, with increasing Chinese request being met successful portion by rising U.S. exports to China, a curiosity of Trump-era trade-war policies.

Write to Caitlin Ostroff astatine caitlin.ostroff@wsj.com

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