Apple and the economy reinforcement

Apple and the economy reinforcement

Wall Street opened slightly higher on Monday, supported by the announcement of Apple's giant contract with China Mobile, which boosts tech stocks, and a handful of economic indicators.

In very quiet trading, the Dow rose 0.5% to 16,296.4 points, while the Nasdaq Composite advance 0.8% to 4139.6 points.

‘We continue to enjoy the optimism surrounding the realization of a real recovery in the U.S.,’ says one trader.

As expected, U.S. consumer spending rose 0.5% in November, while the rebound in revenues (+0.2%) proved to be a little below expectations.

Meanwhile, the American consumer morale rose in December, according to the index of consumer sentiment from the University of Michigan, which rose to 82.5 this month, against 75.1 in November.

Apple wins nearly 5% after finally sealed a multi-year contract with China Mobile, paving the way for the arrival of the iPhone on the largest mobile phone market in the world.

Always technologically compartment BlackBerry gets 6% to 7.6 dollars, continuing its rise having already signed a dramatic rise more than 15% Friday.

Tiffany manages to take 0.3%, while the Court of Arbitration Dutch NAI (Netherlands Arbitration Institute) issued a judgment condemning the American jeweler Swatch Group to pay an amount of 402 million Swiss francs for damages, entirely dismissing the complaint of the New York group.

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