Higher close ahead of holiday weekend

The markets rose to close higher with the Dow gaining 63 points to 16,606 ahead of the Memorial Day weekend. Nasdaq climbed 31 points to 4,185.

On the upside

One of the richest men in China, Xuechu He, acquired a stake in YOU On Demand (Nasdaq: YOD).

Shares of Nimble Storage (NYSE: NMBL) continued climbing.

SanDisk (Nasdaq: SNDK) validated the use of Wave Systems' (Nasdaq: WAVX) management software.

On the downside

Montage Technology (Nasdaq: MONT) received a non-compliance form from Nasdaq.

Pharmacyclics' (Nasdaq: PCYC) executive vice president of sales and marketing, Paula Boultbee, resigned.

Shares of Agile Therapeutics (Nasdaq: AGRX) fell on its first trading day.

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 gained 8 points to close at a record 1900. Bitcoin added $4.60 or 0.88% to $524.99.

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