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Market Extra: The stock market has reached a historic level of quiet

Ahead of the end of a lengthy and highly contentious election season, many Americans are holding their breath until it’s over. So is the stock market.

Wall Street has been unusually quiet for months, trading between very narrow ranges, and this is likely to persist until the election is over and a major overhang of uncertainty is removed. Even though Democrat Hillary Clinton is widely expected to win out over Republican Donald Trump, big money managers may be waiting for confirmation of this—as well as clarity on which party will hold the Senate and the House—before they make any big changes to their allocations.

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