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

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.