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US stock market may post annual 'Santa Claus Rally' this time also
Equities surge on stellar jobs report in November and signs of compromise from Beijing
Published Sun, Dec 8, 2019 · 09:50 PM
THE "Santa Claus Rally" - the tendency of the US stock market to reach its annual peak in December - looks set to repeat itself this year.
US stocks surged to the brink of new record highs last week after a stellar November jobs report and signs of a compromise from Beijing, and those records are likely to be broken if the "phase one" US-China trade deal is somehow confirmed this week.
The US added 266,000 jobs in November, one of the largest increments this year, partly because of the cessation of a General Motors strike.
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