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Stocks higher at beginning of holiday week

11:28 AM, Dec 23, 2013   |    comments
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NEW YORK (AP) - Stocks are higher on Wall Street in what is traditionally a slow week as investors close the books on 2013. 

The Dow was up more than 80 points in afternoon trading, while the S&P was more than 10 points higher and the Nasdaq was close to 40 points ahead. 

Apple shares are up 3 percent after the company reached a deal to bring the iPhone to China Mobile, the world's largest cell phone carrier. Darden, which runs Red Lobster and Olive Garden restaurants, was up more than 5 percent after activist investor Starboard Value took a stake in the company.

It's expected to push for a breakup. Meanwhile, Target is down 1 percent after The Wall Street Journal reported that transactions slipped 3 percent to 4 percent in the last weekend before Christmas. Target is dealing with a massive breach of security in credit and debit card data.

(Copyright 2013 The Associated Press. All rights reserved.)

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