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A woman using a phone walks past Apple's logo near its retail outlet in Beijing Monday, Dec. 23, 2013.
A woman using a phone walks past Apple's logo near its retail outlet in Beijing Monday, Dec. 23, 2013.
(Ng Han Guan/AP)

Before the bell: Santa rally or Apple rally?

Is this a Santa rally or an Apple rally?

Bullish observers have been pondering a year-end move by stocks, conforming to a pattern that often sees major indexes rise in the final days of trading leading up to the Christmas and New Year break. But stocks received a boost from Apple Inc. after it concluded six years of negotiations with a deal to sell iPhones in China through China Mobile – a deal that could mean 12-million additional sales in 2014. Apple shares rose 3.6 per cent in premarket activity on Monday.