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WALL STREET INSIGHT

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

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Investors took the jobs report, which also showed the jobless rate at a low of 3.5% and wage growth of 3.1%, as a sign that the US economy had survived the economic war with China unscathed so far.

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...

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