A good Christmas mood on Wall Street about opening hours Monday. Such is the situation for a few minutes commerce:
- Dow Jones up 0.44 percent
- Nasdaq Composite is up 0.7 percent
- S & P 500 is up 0.54 percent
Among today’s preliminary winners are California-based Apple.
Sunday was Apple and the Chinese company China Mobile – the world’s largest mobile company in terms of number of clients (around 750 million) – reached an agreement on the distribution of the models 5s and 5c.
See also: Green light in China for Apple
This can be a significant breakthrough for Apple in the Chinese market, and the deal will be well received on Wall Street. Apple stock is up 2.71 percent.
– Apple has enormous respect for China Mobile, and we are very pleased that we will be working together. China is a hugely important market for Apple and our partnership with China Mobile allows us to offer the iPhone to customers in the world’s largest networks, says Apple CEO Tim Cook, according to the Financial Times.
markets received last week a boost by including the Federal Reserve’s decision to start phasing out of quantitative easing and strong U.S. GDP figures.
Monday figures from the U.S. Department of Commerce that private consumption in the U.S. rose by 0.5 percent in November. Consumption growth is the highest since June.
revenues rose by 0.2 percent in November after falling by 0.1 percent in October. The increase in November was somewhat lower than the growth of 0.4 percent was expected in advance.
Private consumption is very important for the development of the world’s largest economy, accounting for around two thirds of total demand.
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