New York • Stocks moved higher Monday in what is traditionally a slow week as investors start to 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 84 points, or 0.5 percent, to 16,304 as of 12:15 p.m. Eastern. The Standard & Poor's 500 index was up 10 points, or 0.6 percent, to 1,829. The Nasdaq composite rose 37 points, or 0.9 percent, to 4,142.
CHINA-APPLE DEAL: Apple rose $16.84, or 3 percent, to $565.60 after the company reached a deal with China Mobile, the world's largest cell phone provider, to sell the iPhone in the world's most populous country. The iPhone is already sold through two smaller carriers there. Apple helped push the Nasdaq higher than the Dow and the S&P 500.