Market recap: The Santa Claus rally is alive and well, as a continued stream of mostly...

|By:, SA News Editor
Market recap: The Santa Claus rally is alive and well, as a continued stream of mostly positive U.S. economic data (I, II) and the agreement to extend payroll tax cuts helped push stocks ahead to close at session highs. Of course, trading was light, Europe was quiet, and bond traders were in scarce supply, so it was hardly a directional day. NYSE advancing issues led decliners seven to six.