This Surprise Merger News Helped the Stock Market Chug Ahead Monday
The stock market has held up well even in the face of new challenges, and Monday brought continued optimism from market participants.
Some investors are nervous about the current macroeconomic environment and what it means for growth over the long run. But some of the factors they were most worried about were brought in check Monday, as Treasury bond yields sank to relieve pressure on interest rates. As of shortly before 11 a.m. EDT today, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up by 81 points to 32,709. The S&P 500 (SNPINDEX: ^GSPC) had picked up 25 points to 3,938, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) moved higher by 143 points to 13,358.
Largely forgotten amid the rise of technology companies, transportation stocks have recently come to the forefront. As investors anticipate a massive economic recovery in 2021, they're looking for a rebound in activity for these industrial powerhouses. That argument got a big boost on Monday amid a huge planned merger in the railroad industry that could signal more merger-and-acquisition activity ahead for the industrial sector.
Source Fool.com
