Listed here are an important information, traits and evaluation that buyers want to begin their buying and selling day:

The Nasdaq on Monday was set to construct on Friday’s practically 0.8% improve because the 10-year Treasury yield began the brand new week retreating from final week’s 14-month excessive. The fast rise in Treasury yields this yr has been pressuring development shares, a lot of them tech names, as greater rates of interest erode the worth of future income and squeeze market valuations. The Dow Jones Industrial Common and the S&P 500, which misplaced floor Friday, joined the Nasdaq in adverse territory final week. The Dow and S&P 500 final closed at document highs Wednesday, whereas the Nasdaq final closed at a document in February.

AstraZeneca’s Covid vaccine was 79% efficient in stopping symptomatic sickness, in keeping with information printed Monday from a 32,000-plus particular person part 3 trial within the U.S. and in Latin America. The 2-shot vaccine additionally confirmed 100% efficacy in stopping extreme illness and hospitalization. AstraZeneca plans to file with the FDA for emergency use authorization in April. The newest trial information comes as plenty of European nations quickly suspended using AstraZeneca’s vaccine following studies of blood clots. AstraZeneca stated Monday that an impartial board recognized no security considerations associated to the agency’s inoculation.

Even because the tempo of vaccinations accelerates within the U.S., Covid instances are rising in 21 states and extremely infectious variants are spreading as governors loosen up restrictions on companies. Public well being officers warn that whereas roughly 2.5 million individuals across the nation are receiving pictures day by day, an infection ranges have plateaued this month. Nationwide, new infections are holding round 54,000 on common prior to now seven days. That is a dramatic drop from January’s peak. Whereas fatalities are a lot decrease as properly, a mean of 1,000 individuals died from Covid every day over the previous seven days.

Canadian Pacific Railway has agreed to purchase Kansas Metropolis Southern for $25 billion in a cash-and-stock deal. The mix would create the primary rail community connecting the U.S., Mexico and Canada. Following Sunday’s announcement, shares of Kansas Metropolis Southern rose about 17% within the premarket, whereas shares of Canadian Pacific Railway dropped about 2.5%. The deal comes as hopes develop that U.S.-Mexico commerce will decide up now that Joe Biden changed Donald Trump as president.

Shares of Tesla rose 4% in Monday’s premarket after Cathie Wooden’s Ark Make investments made a long-awaited, daring name, projecting the Elon Musk-led electrical auto maker’s inventory would greater than quadruple by 2025. Final yr, Ark Make investments estimated Tesla would hit $1,400 adjusted for its 5-for-1 inventory break up by 2024. The agency now sees the inventory reaching $3,000 per share by 2025 in its base case, and reaching $4,000 per share in its bull case. Wooden’s bear case nonetheless sees it hitting $1,500 by 2025. Tesla, which closed at $654 per share Friday, has soared 665% prior to now 12 months. Nonetheless, the inventory over the previous month and yr up to now has hit a tough patch.

— Reuters contributed to this report. Get the most recent on the pandemic with CNBC’s coronavirus weblog.