Loading…
Tuesday, July 29, 2014
Current Weather
Loading Current Weather....
Published: Monday, 12/23/2013

Stocks edge higher at beginning of holiday week

ASSOCIATED PRESS

NEW YORK — Stocks are closing higher on Wall Street today at the beginning of what is expected to be 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 today.

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.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories