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Silicon Valley stocks plot market's path to 2020 election

Added 08-01-20 11:04:03am EST - “If the tech giants manage to reverse a decades long decline in markets from August to October, that may boost President Trump's chances of keeping the White House.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “Silicon Valley stocks plot market's path to 2020 election”. Below is an excerpt from the article.

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BlackRock Global Fixed Income CIO Rick Rieder on technology's impact on the economy, the Fed keeping rates low and global economic growth.

Blockbuster earnings from tech behemoths Alphabet, Amazon, Apple and Facebook, with a combined market value of $4.9 trillion, are setting the course for the stock market before what's typically the most difficult stretch of the year -- one that ends just three days before the presidential election.

Performance in the August-through-October period has averaged -0.03 percent going all the way back to 1928, according to Dow Jones Market Data. It was the only three-month interval that saw a negative return.

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