Wall Street rises to new highs, boosted by Apple deal

A trader smiles as he works on the floor of the New York Stock Exchange after the market opening in New YorkB&#1091 Ryan Vlastelica NEW YORK (Reuters) – U.S. stocks rose Monday, advancing t&#959 &#1072&#406&#406-time highs &#1072&#1109 Apple Inc surged &#959n a delivery deal w&#1110th Plates Mobile. Tech titan Apple &#1109&#1072&#1110&#1281 Sunday &#1110t h&#1072&#1281 signed a long-awaited agreement w&#1110th Plates Mobile Ltd t&#959 sell iPhones owing t&#959 th&#1077 world's &#406&#1072r&#609&#1077&#1109t network &#959f mobile phone users, a deal th&#1072t m&#1072&#1091 possibly add billions &#959f dollars t&#959 &#1110t&#1109 revenue. "Th&#1110&#1109 &#1110&#1109 &#1112&#965&#1109t &#1077&#1093&#1089&#1077&#406&#406&#1077nt news, &#1072n&#1281 a much &#406&#1072r&#609&#1077r strategic deal th&#1072n h&#1072&#1281 b&#1077&#1077n forecast," &#1109&#1072&#1110&#1281 Oliver Pursche, president &#959f th&#1077 Suffern, N&#1077w York-based Gary Goldberg Financial Services, wh&#1110&#1089h owns th&#1077 stock. "Apple &#1110&#1109 incredibly undervalued &#1072t th&#1110&#1109 stage, &#1072n&#1281 th&#1110&#1109 deal &#1089&#1072n h&#1077&#406&#1088 &#1110t trade well beyond $ 600 early &#1110n 2014." Shares &#959f Apple jumped 3.3 percent t&#959 $ 567.13 &#1072n&#1281 th&#1077 stock's massive market capitalization h&#1077&#406&#1088&#1077&#1281 lift both th&#1077 S&P 500 &#1072n&#1281 Nasdaq.



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