The Herald Bulletin

Evening Update

Breaking News

December 23, 2013

Stocks rise to start off a slow holiday week

NEW YORK —  Stocks moved higher in early Monday trading, in what is traditionally a slow week as investors close the books on 2013. Apple helped lift technology stocks after the company reached a deal to sell the iPhone to China's largest wireless carrier.

KEEPING SCORE: The Dow Jones industrial average rose 55 points, or 0.3 percent, to 16,278 in the first half-hour of trading. The Standard & Poor's 500 index was up seven points, or 0.4 percent, to 1,825. The Nasdaq composite rose 24 points, or 0.6 percent, to 4,128.

CHINA-APPLE DEAL: Apple rose $17.37, or 3 percent, to $566.30 after the company reached a deal with China Mobile, the world's largest cell phone provider, to start selling the iPhone in the world's most populous country. Apple helped push the Nasdaq higher than the Dow and the S&P 500.

SHOPPING MOOD: The Commerce Department reported Monday that consumer spending rose 0.5 percent in November, the healthiest showing since June. Incomes rose 0.2 percent. Those are closely watched figures, especially leading up to the holiday season.

MOVERS AND SHAKERS: Darden, which runs Red Lobster and Olive Garden restaurants, rose 4 percent after activist investor Starboard Value took a stake in the company. It's expected to push for a breakup. Target fell 1 percent after The Wall Street Journal reported that transactions slipped 3 percent to 4 percent in last weekend before Christmas. Target is dealing with a massive breach of security in credit and debit card data.

CHRISTMAS WEEK: Both the New York Stock Exchange and the Nasdaq Stock Market will be closed Wednesday for Christmas. Both exchanges will also close at 1 p.m. Eastern on Tuesday for Christmas Eve.

 

1
Text Only
Breaking News
Featured Ads
More Resources from The Herald Bulletin
AP Video
Kerry: Humanitarian Cease-fire Efforts Continue Raw: Corruption Trial Begins for Former Va Gov. The Carbon Trap: US Exports Global Warming UN Security Council Calls for Gaza Cease-fire Traditional African Dishes Teach Healthy Eating 13 Struck by Lightning on Calif. Beach Baseball Hall of Famers Inducted Israel, Hamas Trade Fire Despite Truce in Gaza Italy's Nibali Set to Win First Tour De France Raw: Shipwrecked Concordia Completes Last Voyage Raw: Sea Turtle Hatchlings Emerge From Nest Raw: Massive Dust Storm Covers Phoenix 12-hour Cease-fire in Gaza Fighting Begins Raw: Bolivian Dancers Attempt to Break Record Raw: Israel, Palestine Supporters Rally in US Raw: Air Algerie Flight 5017 Wreckage Virginia Governor Tours Tornado Aftermath Judge Faces Heat Over Offer to Help Migrant Kids Kangaroo Goes Missing in Oklahoma More M17 Bodies Return, Sanctions on Russia Grow
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Helium debate
Helium
Front page
Poll

Do you plan to attend one of the public sessions about the Mounds Lake reservoir project?

Yes
No
Not sure yet
     View Results