Washington

- The shares of the technology sector recovered after the shock of Facebook's suspension on Monday, which resulted in billions of dollars in losses not limited to Facebook, but also to Amazon, Google and others. One of the major technology companies.

The three main indices of the Wall Street stock market rebounded yesterday, Tuesday, after a sharp decline of more than 5% for some companies, led by Facebook.

As of Wednesday at 1:00 pm New York time, the Dow Jones industrial index rose about 430 points to regain all the losses of the day before Monday, while the “Standard & Poor’s” 500 index rose by 1.25%, and the “Standard & Poor’s” 500 index rose by 1.25%. "NASDAQ", which includes most technology companies, by about 1.4%.

Technology stocks rise

The shares of the five major technology companies known as "Fang" (FAANG), in reference to the major companies, "Facebook", "Amazon", "Apple", "Netflix" and "Google", and "Netflix" rose 3.5%. And the Amazon share by 1.6 percent, and Apple and Google shares advanced by more than 1%, while Facebook’s stock rose by 2% after a 5% drop the day before yesterday, Monday, for two main reasons, namely allegations and leaks about the company’s unethical policies, in addition to a disruption Company services for several hours.

It is worth noting that technology stocks suffered last September from a weak performance that disappointed investors, and some financial analysts attributed this to the possibility of higher interest rates in the near future, which makes future dividends less attractive.

The controversy and political disagreement between Democrats and Republicans - about economic policies, foremost of which is the dilemma of the US government borrowing limit, which has approached the danger stage with the approaching default of the national debt - affects the US government for the first time ever.

The Treasury Department warned last week that lawmakers must address the conundrum of raising the debt ceiling before October 18, when the US government will exhaust its emergency effort mechanism for government bond payments.

US Treasury Secretary Janet Yellen said she believed the economy would fall into recession if Congress failed to raise the debt ceiling before the US debt default.

Facebook shares closed at the end of the day yesterday, Monday, at $ 232.5 per share (Getty Images)

Facebook share value between reservation and optimism

Facebook's stock closed at the end of the day before yesterday, Monday, at $ 232.5 per share, and the value of the stock rose to $ 332.9 per hour on Tuesday afternoon. -It is one of the most important financial analysis sites in the United States- that the fair value of Facebook's stock is $407.

Morning Star says that there is one major threat to Facebook's stock is the negative impact of the testimony of "Francis Haugen", a former employee of the company, especially what she mentioned about the negative impact of the "Instagram" application of Facebook on young girls.

Morning Star believes that there is a possibility for the value of Facebook's stock to rise by 23%, despite the continuation of the recent strikes and the disruption of the company's services, in addition to the recent series of investigations revealed by the Wall Street Journal.

On the other hand, financial reports indicated a shrinking of the personal wealth of Facebook founder Mark Zuckerberg, after the company's share price fell in the day before yesterday's trading, and the service was cut off around the world, in addition to the repercussions of the issue of leaking internal company documents.