markets
Megacap Tech Led the September Rally, but Market Breadth Was Positive Too
The S&P 500 rose 1.06% and Nasdaq 1.40% on 3 September 2026. Megacap technology led, but advancing stocks also outnumbered decliners.
Author
Andrew Callahan
Senior Markets Correspondent, Global Markets Review
Andrew Callahan is a senior markets correspondent at Global Markets Review, covering US equities, Federal Reserve policy, corporate earnings, and the macroeconomic forces influencing global financial markets.
His work examines how monetary policy, economic data, and changing investor expectations translate into movements across stocks, bonds, currencies, and major market sectors.
Andrew's markets coverage follows the path from macro data to asset prices. He looks at rate expectations, earnings, sector breadth and positioning separately, which helps explain when an index move reflects a broad change in fundamentals and when it is being carried by a narrow group of companies.
His Federal Reserve reporting is similarly focused on transmission. Policy language matters because it changes expectations, but the longer market effect depends on inflation, labour data, financial conditions and company earnings. His work keeps those layers visible rather than reducing every session to a single catalyst.
Andrew Callahan holds no positions in individual securities covered by Global Markets Review.
Articles by Andrew Callahan
markets
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analyst ratings
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stocks
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markets
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analyst ratings
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