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Santoli’s Monday market notes: Megacap names that took stocks higher in the summer are dragging in the fall

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Traders work on the floor of the New York Stock Exchange (NYSE) on September 30, 2021 in New York City.
Spencer Platt | Getty Images

This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics.

  • The reset continues with the jagged, anxious harvesting of gains from the biggest growth stocks pressuring the S&P to lower lows for this pullback, while most stocks churn more sideways than down.

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