For entrepreneurs of color and women of all races, venture funding remains a nearly impenetrable barrier to success. New players are trying to change that.The quiet opening to the week follows several choppy weeks as investors continue to gauge the economy’s recovery and the risks of rising inflation. Wall Street faces a relatively light week of economic data, though investors Thursday will get more information on how much consumer prices rose last month.
Banks, industrial stocks and materials companies helped pull the broader market lower. Communications companies and healthcare stocks made solid gains. Facebook rose 1.9%, while drugmaker Moderna rose 6.6% after it sought regulatory authorization in Europe to let adolescents receive its COVID-19 vaccine.soared 38.3% for the biggest gain in the S&P 500 after the Food and Drug Administration said it had approved the company’s drug for treating Alzheimer’s disease.
Cruise line operators rose after several companies announced or confirmed plans to start sailing again this summer. The industry essentially shut down during the COVID-19 pandemic. Norwegian Cruise Line added 3.1% and Carnival rose 1.1%.
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