Pearson Plc Edged Higher by 7.84% at Close of Trade

3 min read | August 06, 2020 02:10 PM BST | By Team Kalkine Media

US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 17.73 points or 0.53 per cent higher at 3,345.50, Dow Jones Industrial Average Index expanded by 154.29 points or 0.57 per cent higher at 27,355.81, and the technology benchmark index Nasdaq Composite traded higher at 11,090.56, up by 92.17 points or 0.84 per cent against the previous day close (at the time of writing, before the US market close at 2:50 PM ET).

US Market News: The Wall Street opened in green as the key indices advanced. The US jobless weekly claims were 1.186 million for the week ended 1 August 2020 against expected 1.423 million job claims. Among the gaining stocks, Viacom CBS shares were up by about 5.1 percent after the company stated that it witnessed growth in the streaming business. United Airlines shares were up by about 1.5 percent after the government announced an aid of USD 25 billion for the US Airline industry. Zynga shares were up by close to 0.9 percent after the company raised its full-year booking forecast. Among the decliners, BioNTech shares were down by close to 4.5 percent, although the company signed a deal with Canada for the supply of coronavirus vaccines. Restaurant Brands International shares were down by about 2.4 percent, although the company reported revenue that beat the market forecast.

US Stocks Performance (at the time of writing)

European News: London and European markets opened in the red. The Bank of England left the monetary policy unchanged and maintained the current bank rate of 0.1 percent. Meanwhile, the UK's Construction PMI increased to 58.1 in July 2020 from 55.3 in June 2020. Among the gaining stocks, Aviva was up by close to 5.1 percent after the company declared the second interim dividend for FY2019. ITV was up by about 4.3 percent after the company stated that 70 percent of its paused production has restarted. Among the decliners, Serco plunged by close to 15.5 percent after the company reported a decline in new bid opportunities. Glencore was down by close to 7.1 percent after the company suspended the dividend. Imperial Brands was down by about 1.94 percent after the company stated that its CFO would retire.

European Indices Performance (at the time of writing)

FTSE 100 Index Chart

1 Year FTSE 100 Index Performance (6 August 2020), before the market closed (Source: EODHD/Others, Thomson Reuters)

Stocks traded with decent volume*: (LLOY) LLOYDS BANKING GROUP PLC; (GLEN) GLENCORE PLC; (BP.) BP PLC.

Sectors traded in the negative zone*: Energy (-2.74%); Basic Materials (-1.41%), and Consumer Non-Cyclicals (-1.28%).

London Stock Exchange: Stocks Performance (at the time of writing)

Crude Oil Future Prices*: WTI crude oil (future) price and Brent future crude oil (future) price were hovering at $42.13 per barrel and $45.27 per barrel, respectively.

Gold Price*: Gold price was trading at USD 2,061.30 per ounce, up by 1.19% from previous day closing.

Currency Rates*: GBP to USD and EUR to GBP were hovering at 1.3151 and 0.9030, respectively.

Bond Yields*: U.S 10-Year Treasury yield and UK 10-Year Government Bond yield were trading at 0.538 per cent and 0.106 per cent, respectively.

*At the time of writing


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