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Holiday cheer on Wall St.
Description
Stocks were up on Monday, driven in large part by Apple and its distribution deal with China Mobile. The Dow and S&P 500 reaching new all-time highs- extending gains from last week.
Jason Weisberg is a managing director at Seaport Securities.
SOUNDBITE: JASON WEISBERG, MANAGING DIRICETOR, SEAPORT SECURITIES (ENGLISH) SPEAKING:
"I think what's driving markets today is a continuation of what we've seen over the last few weeks, certainly months. It's just a validation of a rally that we've seen, the overall rally that we've seen in the 2013 equity markets in the U.S., and I think, going forward, that will continue as long people can see and maintain the faith that the economy is slowly improving."
Volume was light and is expected stay that way as many traders take time off for the holidays.
Equity markets will close early on Tuesday and stay closed on Wednesday for Christmas.
Apple's stock shot up- as did U.S. listed shares of China mobile- Investors e
Jason Weisberg is a managing director at Seaport Securities.
SOUNDBITE: JASON WEISBERG, MANAGING DIRICETOR, SEAPORT SECURITIES (ENGLISH) SPEAKING:
"I think what's driving markets today is a continuation of what we've seen over the last few weeks, certainly months. It's just a validation of a rally that we've seen, the overall rally that we've seen in the 2013 equity markets in the U.S., and I think, going forward, that will continue as long people can see and maintain the faith that the economy is slowly improving."
Volume was light and is expected stay that way as many traders take time off for the holidays.
Equity markets will close early on Tuesday and stay closed on Wednesday for Christmas.
Apple's stock shot up- as did U.S. listed shares of China mobile- Investors e
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