Stocks edge higher at beginning of holiday week

Published on NewsOK Modified: December 23, 2013 at 3:06 pm •  Published: December 23, 2013
Advertisement
;

NEW YORK (AP) — Stocks are closing higher on Wall Street at the beginning of a slow holiday week.

Apple led technology stocks higher with a gain of 4 percent after striking a deal to bring the iPhone to China Mobile, the world's largest cell phone carrier.

Darden, which runs Red Lobster and Olive Garden, rose 6 percent after activist investor Starboard Value took a stake in the company.

The Dow Jones industrial average rose 73 points, or 0.5 percent, to 16,294 Monday.

The Standard & Poor's 500 rose nine points, or 0.5 percent, to 1,828. The Nasdaq composite rose 44 points, 1.1 percent, to 4,148.

Trading volume was very light ahead of the holidays.

U.S. stock trading will close early on Tuesday and remain closed on Wednesday for Christmas.



Trending Now


AROUND THE WEB

  1. 1
    10 Most Popular Wedding 'First Dance' Songs
  2. 2
    Psychologists Studied the Most Uptight States in America, and Found a Striking Pattern
  3. 3
    Facebook Post Saves Drowning Teen
  4. 4
    Saturday's front page of the New York Times sports section is simple: LeBron James and transactions
  5. 5
    The 19th-century health scare that told women to worry about "bicycle face"
+ show more