A facebook display during the China International Import Expo (CIIE), at the National Exhibition and Convention Center in Shanghai, China, November 5, 2018. 

Aly Song | Reuters

(This story is for CNBC PRO subscribers only.)

The election is less than two weeks away, and Bank of America believes that if Biden wins the White House, and Democrats take both houses of Congress, large-cap technology names could come under pressure.

“We see a Democratic sweep as having the most uncertainty and tail risk for [the] large-cap internet sector,” the firm said in a note to clients Friday. Specifically, Bank of America pointed to increased regulation and higher taxes as policies that could eat into companies’ bottom line.

Originally published at CNBC

Do NOT follow this link or you will be banned from the site!
error: Content is protected !!