Morning Report 23 Mar 21: US sharemarkets were firmer on Monday

Technology stocks lifted as longer-term treasury yields eased from 14-month highs. Shares in Tesla rose by 2.3% after investment management firm, Ark Invest, lifted its price target on the stock. Kansas City Southern surged 11.1% after Canadian Pacific Railway Ltd agreed to acquire the railroad operator in a $25 billion cash-and-stock deal. The Dow Jones index closed higher by 103 points or 0.3%. The S&P 500 index gained 0.7%. And the Nasdaq index climbed by 162 points or 1.2%. 

 

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