The following is the most important news, trends and analysis that investors need to start their trading day:
1. Nasdaq futures increase as Treasury yields are reduced to ten years
A man walks in front of the Nasdaq building in Times Square on March 10, 2021, in New York City.
John Smith | Corbis News | Getty Images
The Nasdaq on Monday is expected to rise nearly 0.8% on Friday, as the ten-year Treasury yield began the new week to pull off last week’s 14-month high. The rapid rise in Treasury yields this year has been putting pressure on growth stocks, many of them technological, as higher interest rates erode the value of future profits and reduce market valuations. The Dow Jones Industrial Average and the S&P 500, which lost ground on Friday, joined the Nasdaq in negative territory last week. The Dow and S&P 500 closed for the last time in record highs on Wednesday, while the Nasdaq closed for the last time with a record in February.
2. The AstraZeneca vaccine was found to be 79% effective in a US trial
This illustrated image from March 19, 2021 shows a flask labeled with the AstraZeneca coronavirus vaccine (COVID-19).
Atès Ruvic | Reuters
AstraZeneca’s Covid vaccine was 79% effective in preventing symptomatic disease, according to data released Monday from a phase 3 trial of more than 32,000 people in the U.S. and Latin America. The two-shot vaccine also showed 100% efficacy in serious disease prevention and hospitalization. AstraZeneca is scheduled to apply to the FDA for emergency use authorization in April. The latest trial data comes when several European countries temporarily suspended the use of the AstraZeneca vaccine after reports of blood clots. AstraZeneca said Monday that an independent board did not identify security issues related to the firm’s inoculation.
3. Covid cases increase in 21 states while governors relax restrictions
Walgreens staff prepares vaccines for school staff in the city of Kettering to receive the Covid-19 vaccine as part of the distribution of the phase 1B vaccine in Ohio, Dayton, Ohio, on February 10, 2021 .
Megan Jelinger | AFP | Getty Images
While the pace of vaccinations is accelerating in the U.S., Covid cases are increasing in 21 states and highly infectious variants are spreading as rulers relax restrictions on businesses. Public health officials warn that while approximately 2.5 million people across the country are being shot every day, infection levels have stagnated this month. Nationwide, new infections hold about 54,000 on average over the past seven days. This is a dramatic drop from the January peak. Although the death toll is also much lower, an average of 1,000 people have died from Covid each day over the past seven days.
4. Canadian Pacific Railway will buy Kansas City Southern
A Kansas City Southern (KSC) rail locomotive passes Knoche Yard in Kansas City, Missouri, on Tuesday, January 7, 2020.
Whitney Curtis | Bloomberg | Getty Images
Canadian Pacific Railway has agreed to buy Kansas City Southern for $ 25 billion in a deal with cash and stock. The combination would create the first rail network to connect the United States, Mexico, and Canada. Following Sunday’s announcement, Kansas City Southern shares rose about 17% in the pre-market, while Canadian Pacific Railway shares fell about 2.5%. The deal comes as hopes grow that U.S.-Mexico trade will recover now that Joe Biden replaced Donald Trump as president.
5. Cathie Wood’s Ark Invest sees Tesla reach $ 3,000 per share by 2025
This photo illustration shows a Tesla logo shown on a smartphone with the bag graphic in the background.
Omar Marques | LightRocket | Getty Images
Shares of Tesla rose 4% in Monday’s pre-market after Cathie Wood’s Ark Invest made a bold and daring call, projecting that the shares of electric car maker led by Elon Musk would be more than quadrupled by 2025. last year, Ark Invest estimated that Tesla would reach $ 1,400. adjusted for its 5 by 1 share divided in 2024. The company now sees shares reaching $ 3,000 per share in 2025 in its base case, and reaching $ 4,000 per share in the case of the bull. Wood’s bear case still sees it reach $ 1,500 by 2025. Tesla, which closed Friday at $ 654 per share, has risen 665% in the past 12 months. However, the actions of the last month and year to date have hit hard.
– Reuters contributed to this report. Get the news about the pandemic with CNBC Coronavirus Blog.