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Why Jim Cramer Is Less Scared of Contested Election at Close of October Trading

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Stocks were falling in intraday trading on Friday after the biggest technology companies in the U.S. posted earnings that topped Wall Street expectations but issued tepid outlooks for the rest of 2020.

Investors also were grappling with record-setting new daily cases--topping 88,452--of the coronavirus in the U.S and uncertainty about a presidential election less than a week away.

There are 45.1 million cases of the coronavirus worldwide, with over 1.1 million deaths. The U.S. has 8.9 million cases of the virus with over 228,000 deaths. 

And Wall Street received a slew of earnings from tech companies.

Apple  (AAPL) - Get Apple Inc. Report reported weaker-than-expected iPhone sales and a revenue slide of 29% in China. Twitter  (TWTR) - Get Twitter, Inc. Report slumped after user growth missed estimates.

Alphabet  (GOOGL) - Get Alphabet Inc. Class A Report reported a 59% jump in third-quarter earnings on a revenue jump of 14%.

Facebook  (FB) - Get Meta Platforms Inc. Class A Report posted profit and revenue numbers that blew away analysts’ expectations for the third quarter.

So is there anything about this market that's spooking Jim Cramer ahead of Halloween?

He said no, even when it comes to the potential of a contested election. Watch the video above for more from Cramer. 

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.

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