MARKET PULSE-Tesaro, Steiner Leisure, Skullcandy, Dynamics Research
(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks rose on Monday, extending the previous week's steep rally. The Dow Jones industrial average was up 0.55 percent at 16,310.59, the S&P 500 was up 0.61 percent at 1,829.39 and the Nasdaq Composite was up 0.99 percent at 4,145.355.
** APPLE INC, $567.44, +3.36 pct
** CHINA MOBILE LTD, $52.66, +2.00 pct
Apple said it signed a long-awaited agreement with China Mobile to sell iPhones through the world's biggest network of mobile phone users. In a deal that could add billions of dollars to its revenue, Apple said its smartphones would be available to China Mobile customers starting Jan. 17.
** SPRINT CORP, $9.65, -2.13 pct
** T-MOBILE US INC, $31.55, +1.77 pct
Japanese tech and telecoms group SoftBank Corp's Chief Executive Masayoshi Son held talks with at least five banks to finance a possible bid by Sprint to buy a majority stake in T-Mobile US in 2014, Bloomberg reported, citing sources. Continued...