Why a Biden win over Trump could weigh on tech stocks, boost ‘old-economy cyclicals’
July 30, 2020 at 14:43 PM EDT
The highflying tech sector is largely shrugging off increased bipartisan scrutiny, but a win by Democratic challenger Joe Biden in the November presidential election could undercut market leaders, while the prospect for a boost in infrastructure spending could lift “old-economy” cyclicals, says one analyst.