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Higher close on strong jobs data

Upbeat jobs data lifted the markets to a higher close with the Dow soaring 152 points to 25,075. Nasdaq added 12 points to 7077.


On the upside


The European Medicines Agency accepted ChemoCentryx's (Nasdaq: CCXI) Conditional Marketing Authorization application for avacopan which triggered a milestone payment of $50 million from Vifor Fresenius Medical Care Renal Pharma.


Simply Wall St. wrote that Cheetah Mobile(NYSE: CMCM) was undervalued.


Barron's reported that Morgan Stanley acquired a 5% stake in Xunlei (Nasdaq: XNET).


On the downside


Shares of Insys Therapeutics (Nasdaq: INSY) plunged after Attorney General Jeff Sessions terminated the federal government's noninterference policy towards states that have legalized marijuana.


Investors locked in profits on Renren (NYSE: RENN).


United Natural Foods (Nasdaq: UNFI) chief executive Steven Spinner sold 49,026 shares of company stock.


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and by more than 3 to 2 Nasdaq. The broader S&P 500 climbed 10 points to 2,723. Bitcoin rose $37 to $14,888.


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