EPISODE · Aug 5, 2026
Megacap and Health Care Lead a Narrow Rally; Small Caps Lag as Earnings and Guidance Drive Dispersion
from Alpha Casts - AI Market Intelligence
The S&P 500 eked out a gain while the Nasdaq-100 outperformed on strength in large-cap tech and a blockbuster report from Eli Lilly. Small caps underperformed, leaving breadth thin as headwinds from guidance and EV setbacks weighed on the market.
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Megacap and Health Care Lead a Narrow Rally; Small Caps Lag as Earnings and Guidance Drive Dispersion
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