US STOCKS-Wall St rises to new highs, boosted by Apple deal

Mon Dec 23, 2013 10:14am EST
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* Indexes at all-time highs, last week was best in months

* Apple rallies after iPhone deal with China Mobile

* Consumer sentiment rises in Dec, but below forecasts

* Indexes up: Dow 0.4 pct, S&P 0.4 pct, Nasdaq 0.6 pct

By Ryan Vlastelica

NEW YORK, Dec 23 (Reuters) - U.S. stocks rose Monday, advancing to all-time highs as Apple Inc surged on a distribution deal with China Mobile.

Activity is expected to be thin this week, with many market participants out for the Christmas holiday. Equity markets will close early on Tuesday and will be closed all of Wednesday. The light volume could amplify market volatility.

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.

"This is just good news, and a much bigger strategic deal than had been forecast," said Oliver Pursche, president of the Suffern, New York-based Gary Goldberg Financial Services, which owns the stock.   Continued...