Futures advance as Apple deal boosts Nasdaq

U.S. stock index futures rose on Monday, indicating that last week’s rally would continue, with Apple Inc (AAPL) surging on a distribution deal with China Mobile. Tech titan Apple said Sunday it had signed a long-awaited agreement with China Mobile Ltd (CHL) to sell iPhones through the world’s biggest network of mobile phone users, a deal that could add billions of dollars to its revenue. “This is just good news, and a much bigger strategic deal than had been forecast,” said Oliver Pursche, president of the Suffern, New York-based Gary Goldberg Financial Services, which owns the stock. “Apple is incredibly undervalued at this stage, and this deal can help it trade well beyond $600 early in 2014.”

    

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