US STOCKS-Tech slide hits Wall Street as coronavirus cases spiral

“We’re two market days away from Election Day and people want to make sure that they’re not completely caught off guard,” said Pete Santoro, a Boston-based equity portfolio manager at Columbia Threadneedle. The S&P 500 has fallen about 9.4% since hitting an all-time high in early September in a rally driven by the tech mega caps whose quarterly results this week failed to meet optimistic expectations.


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HEDGE accordingly