The nation's economy contracted more than expected in the first quarter, but the markets closed higher with the Dow gaining 65 points to 16,698. Nasdaq climbed 22 points to 4,247.
On the upside
InterCloud Systems (Nasdaq: ICLD) will present at the LD Micro Invitational on Wednesday, June 4, 2014 in Los Angeles.
Popeyes Louisiana Kitchen (Nasdaq: PLKI) reported higher first quarter earnings that topped analyst expectations and lifted its full year guidance.
BlackBerry (Nasdaq: BBRY) chief executive John Chen said that the odds of the company successfully completing its turnaround efforts have improved to 80%.
On the downside
Renewable Energy Group (Nasdaq: REGI) will offer $125 million worth of convertible senior notes.
Investors locked in profits of Jumei International Holding (NYSE: JMEI).
The Carlyle Group will sell 10 million common shares of Booz Allen Hamilton (NYSE: BAH).
In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 gained 10 points to close at a record 1920. Bitcoin slipped $5.12 or 0.91% to $561.08.
