Start of “Santa Claus rally” dampened by “cliff’ worries
NEW YORK (Reuters) – U. S. stocks edged lower on Monday as caution over the potential for volatility driven by worries about the U. S. "fiscal cliff" dampened enthusiasm at the start of a seasonally strong period for equities. Investors are betting Congress will reach a deal to avert most of the austerity measures due to come into force at the start of next year. That has led to the best year for stocks since the post-financial crisis rebound. But those gains may be quickly reversed if a deal is not reached soon. . . .
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