Big tech weighs on U.S., world equities, capping gains on Trump’s improving health

NEW YORK (Reuters) – Large-cap tech stocks weighed on U.S. and European equities on Tuesday despite reassurances about President Donald Trump’s improving health and progress toward a stimulus deal.

Men wearing protective face masks chat in front of a screen displaying Nikkei share average and world stock indexes outside a brokerage, amid the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan October 5, 2020. REUTERS/Issei Kato

President Trump said he felt “real good” upon returning to the White House after a three-day hospital stay where he received an experimental treatment for COVID-19.

“The view that Trump appears to be on the road of recovery is benefiting the global markets because it indicates that there is stability in the White House,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.

But market-leading large cap tech stocks weighed on U.S. stocks after reports that the U.S. House of Representative’s upcoming

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