On Wednesday, March 27th, U.S. stock markets closed higher, with the Dow surging and the S&P 500 reaching a record high, led by Merck (NYSE:MRK), while investors awaited inflation data and Fed insights on interest. Related: Merck Stock Soars On FDA Approval for Winrevair: Technical Analysis And Market Outlook In economic data, U.S. mortgage applications fell 0.7% for the week ending March 22, 2024, while crude oil stocks rose by 3.165 million barrels, defying expectations of a 1.275 million drop. All 11 major sectors of the S&P showed gains, with the rate-sensitive utilities and real estate sectors leading the charge. The Dow Jones Industrial Average ...