The Reading / Listening - Tech Stocks - Level 5

Stock prices rose on Monday led by shares in technology. This caused the Dow Jones index to rise by 353 points, or 1.2 per cent. Other financial indices also saw gains. The Nasdaq Composite advanced 2.9 per cent and the S&P 500 rose 1.9 per cent. The three are the most-followed stock markets in the USA. Apple was a key performer. Its stock went up six per cent. This was on the back of investors anticipating Apple to unveil its first 5G smartphone later this week. Other tech giants did well. Facebook and Amazon jumped 5.3 per cent and 5.2 per cent respectively.



Trading on Wall Street saw its best performance in three months. Confidence among investors remains strong, despite the economic damage caused by the COVID-19 pandemic. Analysts say the tech companies are largely responsible for the bullish markets. Most of these companies have proved to be immune to the economic downturn. Sales of their products and services have skyrocketed as people stay at home and become more dependent on the Internet. Energy stocks were the only strugglers on Monday. Their prices dropped after a sudden fall in U.S. crude oil prices.

Try the same news story at these levels:

    Tech Stocks - Level 4 or  Tech Stocks - Level 6

Sources
  • https://www.cnbc.com/2020/10/11/stock-market-futures-open-to-close-news.html
  • https://finance.yahoo.com/news/asian-shares-mostly-higher-us-065647023.html
  • https://www.investors.com/market-trend/stock-market-today/dow-jones-up-200-points-stock-market-rallies-stimulus-deal-hopes/


Make sure you try all of the online activities for this reading and listening - There are dictations, multiple choice, drag and drop activities, crosswords, hangman, flash cards, matching activities and a whole lot more. Please enjoy :-)



Phrase Matching

Paragraph 1

  1. Stock prices rose
  2. led by shares
  3. Other financial indices
  4. the most-followed stock
  5. Apple was a key
  6. Apple to unveil its
  7. Other tech giants
  8. jumped 5.3% and 5.2%
  1. also saw gains
  2. did well
  3. markets in the USA
  4. respectively
  5. first 5G smartphone
  6. on Monday
  7. performer
  8. in technology

Paragraph 2

  1. Confidence among investors
  2. these companies have
  3. the economic
  4. Sales of their products
  5. become more dependent
  6. Energy stocks were the
  7. Their prices dropped
  8. crude
  1. proved to be immune
  2. oil prices
  3. on the Internet
  4. after a sudden fall
  5. remains strong
  6. downturn
  7. only strugglers
  8. and services

Listening — Listen and fill in the gaps

Stock prices rose on Monday (1) ___________________ in technology. This caused the Dow Jones index to rise by 353 points, or 1.2 per cent. Other (2) ___________________ saw gains. The Nasdaq Composite advanced 2.9 per cent and the S&P 500 rose 1.9 per cent. The three are the (3) ___________________ markets in the USA. Apple was a key performer. Its stock went up six per cent. This was on the (4) ___________________ anticipating Apple to unveil its first 5G smartphone (5) ___________________. Other tech giants did well. Facebook and Amazon jumped 5.3 per cent and (6) ___________________.

Trading on Wall Street saw (7) ___________________ in three months. Confidence among (8) ___________________, despite the economic damage caused by the COVID-19 pandemic. Analysts say the tech companies are largely responsible for (9) ___________________. Most of these companies have proved to be immune to (10) ___________________. Sales of their products and services have skyrocketed as people stay at home and become (11) ___________________ the Internet. Energy stocks were the only strugglers on Monday. Their prices dropped after a sudden fall in U.S. (12) ___________________.

Put a slash (/) where the spaces are

StockpricesroseonMondayledbysharesintechnology.Thiscausedthe
DowJonesindextoriseby353points,or1.2percent.Otherfinancialindic
esalsosawgains.TheNasdaqCompositeadvanced2.9percentandtheS
&P500rose1.9percent.Thethreearethemost-followedstockmarketsi
ntheUSA.Applewasakeyperformer.Itsstockwentupsixpercent.Thisw
asonthebackofinvestorsanticipatingAppletounveilitsfirst5Gsmartph
onelaterthisweek.Othertechgiantsdidwell.FacebookandAmazonjum
ped5.3percentand5.2percentrespectively.TradingonWallStreetsawi
tsbestperformanceinthreemonths.Confidenceamonginvestorsrema
insstrong,despitetheeconomicdamagecausedbytheCOVID-19pan
demic.Analystssaythetechcompaniesarelargelyresponsibleforthebu
llishmarkets.Mostofthesecompanieshaveprovedtobeimmunetothee
conomicdownturn.Salesoftheirproductsandserviceshaveskyrocket
edaspeoplestayathomeandbecomemoredependentontheInternet.E
nergystocksweretheonlystrugglersonMonday.Theirpricesdroppedaf
terasuddenfallinU.S.crudeoilprices.

Student survey

Write five GOOD questions about this topic in the table. Do this in pairs. Each student must write the questions on his / her own paper. When you have finished, interview other students. Write down their answers.

(Please look at page 12 of the PDF to see a photocopiable example of this activity.)

Discussion — Write your own questions

STUDENT A’s QUESTIONS (Do not show these to student B)

(a) ________________

(b) ________________

(c) ________________

(d) ________________

(e) ________________

(f) ________________

(g) ________________

(h) ________________

STUDENT B’s QUESTIONS (Do not show these to student A)

(i) ________________

(j) ________________

(k) ________________

(l) ________________

(m) ________________

(n) ________________

(o) ________________

(p) ________________





Free writing

Write about this topic for 10 minutes. Comment on your partner’s paper.

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Answers

(Please check your answers against the article above.

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