US STOCKS-Futures rise, Apple deal boosts Nasdaq

Mon Dec 23, 2013 7:38am EST
 
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* Indexes at all-time highs, last week was best in months

* Apple up in premarket after iPhone deal with China Mobile

* Tiffany & Co cuts outlook following Dutch court ruling

* Futures up: Dow 44 pts, S&P 6.6 pts, Nasdaq 20.75 pts

By Ryan Vlastelica

NEW YORK, Dec 23 (Reuters) - U.S. stock index futures rose on Monday, indicating that a recent rally on Wall Street would continue, with Apple Inc surging on a distribution deal with China Mobile.

* Activity is expected to be thin this week, making trading volatile, with many market participants out for the Christmas holiday. Equity markets will close early on Tuesday and will be closed all of Wednesday.

* Tech titan Apple said Sunday it had signed a long-awaited agreement with China Mobile Ltd to sell iPhones through the world's biggest network of mobile phone users, a deal that could add billions of dollars to its revenue.

* Shares of Apple jumped 3.7 percent to $569.12 in premarket trading, and the stock's massive market capitalization helped lift the Nasdaq. U.S.-listed shares of China Mobile rose 1.5 percent to $52.38.   Continued...