Stocks Edge Higher at Beginning of Holiday Week 12/23/13
NEW YORK - Stocks are higher in early trading on Wall Street at the beginning of a holiday-shortened week.
Apple is up 3 percent after striking a deal to bring the iPhone to China Mobile, the world's largest cell phone carrier.
Darden Restaurants, which runs Red Lobster and Olive Garden, rose 3 percent after activist investor Starboard Value took a stake in the company.
The stock market will be closed Wednesday for Christmas.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.92 percent.