KQED Nightly Business Report December 29, 2015
When investors expect the market to rally into the change of the calendar, better known as the santa claus rally. But so far everyone seems to be searching for santa. And today wasnt any different. Triggered by a better than 3 drop in the global oil benchmark, stocks ended the day lower but well off of their lows. The dow fell nearly 24 points to 17,528. The nasdaq dropped 7 1 2. And the s p 500 was off more than 4 and is once again negative for the year. Bob pisani takes a look at whats going on. Reporter a lot of investors are relying on a yearend push, but we may have the santa claus rally ...