A flurry of data painted a weaker-than-expected picture of the U.S. economy, curbing the desire to invest ahead of the long Easter weekend. Most U.S. markets were closed in observance of Good Friday, but will be open on Monday. The Dow gained 13 to 17,516, the S&P slipped a point to 2,036 and the Nasdaq advanced 5 to 4,774.
Shanghai is rolling out a new initiative to get venture capital firms to take more risks, offering to bail out some investors if certain bets on tech startups go sour. Starting this month, venture capital firms that suffer financial losses from investments in Shanghai technology startups over the next 2 years can apply for compensation of 30%-60% of their losses, according to a notice issued by the Shanghai Science Technology Commission.
U.S. natural gas production hit its highest level ever over the winter, even in the face of low prices, a conundrum at the heart of one of the year’s worst-suffering markets.
Listen in for much more in A Wall Street Wrap-up.
