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An exciting matcn at the King Power Stadium ended with the two teams canceling each other out in a four-goal thriller that saw the visitors lose Victor Lindelof to injury.
Manchester United traveled to the East Midlands seeking to usurp Leicester City at second place and started the game on the front foot, with Marcus Rashford missing a golden opportunity as early as the second minute.
The Red Devils cranked up the pressure and soon got the goal their early dominance deserved when Rashford made amends for his earlier miss with a well-taken goal in the 23rd minute.
Some good interplay on the right saw Manchester United get the ball into the box and Bruno Fernandes set Rashford up with a deft flick from which the England striker made no mistake.
Their lead, however, lasted just seven minutes, as defensive errors by both Harry Maguire and Fernandes allowed James Maddison steal the ball in a dangerous position.
The former Norwich man teed up Harvey Barnes who found the back of the net from outside the box with a left-footed strike.
Neither side could find another breakthrough and the first half ended all square.
The hosts started the second half more brightly with Wilfred Ndidi and Youri Tielemans ensuring that Manchester United were put on the back foot, but the Red Devils soon grew into the game, with Rashford forcing a fine save from Kasper Schmeichel, while Anthony Martial put the ball in the back of the net only to be rightly flagged for offside.
The France international was soon hauled off for Edinson Cavani with quarter of an hour to go and the former PSG man needed just four minutes to make his mark on the game, feeding Fernandes with a well-timed through pass which was turned in with an excellent finish.
Manchester United once again failed to protect their lead for long, as just six minutes later, a cross by Ayoze Perez was turned in by Jamie Vardy off an Axel Tuanzebe deflection.
A draw was probably the right result on the overall balance of play and here we shall be having a rundown of five talking points from the fixture.
#5 Advantage Liverpool heading into the new year
Liverpool are defending champions and are currently setting the pace in the Premier League.
The Reds came into this weekend four points clear of Leicester City and five ahead of Manchester United, with the latter having a game in hand.
This fixture offered an opportunity for one of their nearest rivals to close the gap on Jurgen Klopp's men, while also steering further clear of the chasing pack.
However, the draw means that neither of those happened and this gives Liverpool the advantage heading into the new year.
If the Reds can beat an out-of-form West Brom, they could potentially go six points clear at the top (depending on results elsewhere) and both Manchester United and Leicester City would be ruing the missed chance.
#4 Manchester United see record-breaking away run come to an end
Manchester United have been by far the form team on the road this season and they came into this fixture as the only side in the Premier League with a 100% record on the road.
They had won their opening six away games of the season, which, coupled with last season's wins, meant that they were on a 14-game winning run on the road in domestic competitions.
With 11 minutes to go, it looked like Manchester United were on course to make it 15 wins in a row and equal the record of 11 away Premier League wins held by Manchester City and Chelsea.
However, the Foxes had other ideas to ensure that Manchester United failed to win on the road for the first time since their 1-1 draw with Tottenham in June.
#3 Leicester City prove their credentials against another top-six side
Leicester City have made tremendous gains under Brendan Rodgers and were unlucky to have missed out on Champions League qualification last season after a 2-0 defeat to Manchester United on the final day of the campaign.
That loss condemned them the Foxes to Europa League football but the 2016 champions have grown from that setback and are currently on an upward trajectory.
This season, Leicester City have already picked up impressive victories against Manchester City, Arsenal, and Tottenham and have followed that up with a 2-2 draw against the Red Devils.
They showed great determination and spirit to twice come from behind to level matters ,and on the evidence of their showing here, Leicester City are definite contenders for a top-four finish.
#2 Marcus Rashford celebrates landmark goal for Manchester United
Marcus Rashford started the game on a poor note when he inexplicably headed over from six yards after Fernandes had found him with a cross inside 71 seconds.
He, however, made amends for that by scoring the opener with a well-taken goal in the 23rd minute.
The goal meant that Manchester United scored the first goal in an away Premier League game for the first time since July 26 (also against Leicester City) and it also put him into the record books.
This was Rashford's 50th Premier League goal and at 23 years and 56 days, he is only behind Wayne Rooney (22 years, 157 days), and Cristiano Ronaldo (22 years, 341 days) as the youngest players to score a half century of PL goals for the Red Devils.
He is the 11th player in the history of Manchester United to score 50 Premier League goals for the club and fans of the Mancunians would hope that it is the first 50 of many to come.
#1 Bruno Fernandes continues talismanic performance for Red Devils
Bruno Fernandes' incredible performance in his first season at Manchester United saw him named the club's Player of the Year, despite only playing for six months.
The Portugal international has continued from where he left off this season and is acting as the driving force behind the club's recent ascent.
Despite losing possession more times than anybody else against Leicester, the 26-year-old created several chances for his teammates, with the first coming inside the first two minutes.
His second-half strike means that he has score 10 goals this season, making him the first Portuguese to reach this figure since Cristiano Ronaldo, while his assist means that he has been involved in 31 of the club's 59 Premier League debut since his debut.
This is an incredible return from the former Sporting Lisbon man and not since the legendary Eric Cantona has one player had such an instant impact on the fortune of the Red Devils.
With Bruno Fernandes in this form, Manchester United would fancy their chances of rising back to the summit.
