Merry Christmas: Markets Close at Another Record High

The 48th record high of 2013.

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The stock market closed at its 48th record high of 2013 on Monday, aided by Apple’s weekend deal with China Mobile to offer iPhones to 700 million-plus subscribers next year.

The Dow Jones average rose 73.47 points (0.45 percent) to 16,294.61. The S&P 500 increased by 9.67 points (0.53 percent) to finish at 1,827.99. The Nasdaq ended at 4,148.903 after rising 1.08 percent, or 44.163 points.