Stocks point lower after Wednesday’s climb

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Wall Street pointed slightly lower today, the Associated Press reports, with futures for the S&P 500 0.1% lower and futures for the Dow Jones Industrial Average little changed.

On Wednesday, the S&P 500 climbed to a record 5,248.49 in its first gain since setting its last all-time high on March 21. The Dow Jones Industrial Average surged to 39,760.08 and the Nasdaq composite to 16,399.52. Both finished a bit shy of their own records.

Merck climbed 5% after federal regulators approved its treatment for adults with pulmonary arterial hypertension, a rare disease where blood vessels in the lungs thicken and narrow.

Shares of Trump Media & Technology Group rose another 14.2%.

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GameStop tumbled 15% after delivering a profit for the latest quarter and a drop in revenue from the prior year.

Both the U.S. bond and stock markets will be closed for Good Friday. That could cause some anticipatory trades to bunch up today, the last trading day of the year’s first quarter.

In other trading, U.S. benchmark crude oil gained 24 cents to $81.59 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, added 15 cents to $85.56 per barrel.

The dollar rose to 151.45 yen from 151.30 yen.

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