NEW YORK, N.Y. - Stocks are closing higher on Wall Street at the beginning of a slow holiday week. Apple led technology stocks higher with a gain of four per cent after striking a deal to bring the iPhone to China Mobile , the world's largest cellphone carrier. Darden, which runs Red Lobster and Olive Garden , rose six per cent after activist investor Starboard Value took a stake in the company. The Dow Jones industrial average rose 73 points, or 0.5 per cent, to 16,294 Monday. The Standard & Poor's 500 rose nine points, or 0.5 per cent, to 1,828. The Nasdaq composite rose 44 points, 1.1 per cent, to 4,148. Trading volume was very light ahead of the holidays. U.S. stock trading will close early on Tuesday and remain closed on Wednesday for Christmas. ( The Canadian Press )
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