WMTMT◆
WHAT MOVED THE MARKET TODAY
METHODOLOGY

Dow Jones Industrial Average

31 stocks · price-weighted · Jul 2, 2026 close
52,900.07
+1,592.28 (+3.10%)
DJIA 52,900.07 · +1,592.3 pts (+3.10%) 1M
1D1W1MYTD1Y5Y
53,10952,25951,40950,56049,710EW +2.79%H 52,900 · Jul 2L 49,919 · Jun 10
Jun 2Jun 9Jun 17Jun 25Jul 2
Breadth
18 / 31
stocks rose with the index
Concentration
63%
of the gain from SHW, CAT, TRV
Biggest driver
SHW +364
Sherwin-Williams, +20.30%
Biggest drag
MSFT −317
Microsoft, −11.52%

What drove it

31 members · drivers first · 1M · residual 0.144bp within 1bp gate

The DJIA rose 3.10% (+1,592 pts) on the month, but 13 of 31 members went the other way. SHW and CAT carried the tape higher, accounting for 63% of the gain.

+3,279.7 pts from 18 gainers−1,688.2 pts from 13 losers
net +1,592.3 pts · gainers outweigh losers 1.9 to 1
Stock
Points
Return
DJIAsum of all 31 stocks
+1,592.3
100%
+3.10%
SHWSherwin-Williams
+364.4
23%
+20.30%
CATCaterpillar
+338.0
21%
+5.90%
TRVTravelers
+307.4
19%
+17.29%
UNHUnitedHealth
+292.6
18%
+12.55%
HDHome Depot
+283.6
18%
+14.89%
AMGNAmgen
+279.2
18%
+13.98%
VVisa
+270.4
17%
+14.12%
AXPAmerican Express
+249.9
16%
+13.18%
JNJJohnson & Johnson
+245.4
15%
+18.01%
JPMJPMorgan Chase
+205.2
13%
+11.13%
GOOGLAlphabet
+133.8
8%
+6.67%
MRKMerck
+85.4
5%
+12.03%
PGProcter & Gamble
+64.7
4%
+7.52%
BABoeing
+52.1
3%
+4.04%
MMM3M
+47.2
3%
+4.93%
KOCoca-Cola
+35.0
2%
+7.31%
MCDMcDonald's
+24.0
2%
+1.55%
NKENike
+1.5
0%
+0.82%
WMTWalmart
−6.7
0%
−1.08%
VZVerizon
−8.2
−1%
−2.78%
DISDisney
−11.9
−1%
−1.88%
AAPLApple
−45.7
−3%
−2.08%
AMZNAmazon
−87.4
−5%
−5.40%
CSCOCisco
−94.0
−6%
−11.96%
HONHoneywell
−99.9
−6%
−6.83%
CVXChevron
−112.6
−7%
−9.78%
NVDANvidia
−172.8
−11%
−12.56%
CRMSalesforce
−215.5
−14%
−17.29%
IBMIBM
−248.3
−16%
−12.06%
GSGoldman Sachs
−268.6
−17%
−4.09%
MSFTMicrosoft
−316.6
−20%
−11.52%
Price weighting, illustrated

Apple and Disney moved almost identically (−2.08% vs −1.88%), yet AAPL moved the DJIA 3.8× as much. In a price-weighted index, a higher-priced share simply outvotes a cheaper one.

Attribution map

slicing the +1,592 pt move · cell size = points contributed · color = direction, intensity = return
SHW+364.4
CAT+338.0
MSFT−316.6
TRV+307.4
UNH+292.6
HD+283.6
AMGN+279.2
V+270.4
GS−268.6
AXP+249.9
IBM−248.3
JNJ+245.4
CRM−215.5
JPM+205.2
NVDA−172.8
GOOGL+133.8
CVX−112.6
HON−99.9
CSCO−94.0
AMZN−87.4
MRK+85.4
PG+64.7
BA
MMM
AAPL
MCD

Concentration curve

cumulative share of the +1,592 pt move · sorted by contribution
0%50%100%8162331stocks:3 stocks = 63%100% covered at 6

When they drove it

cumulative points through the period
0SHW +364CAT +338TRV +307MSFT −317Jun 2Jul 2

Breadth

member returns, this period
−20%−10%0%+10%+20%
From −17.29% (CRM) to +20.30% (SHW). Equal-weight, the DJIA would be +2.79% vs the actual +3.10%; the gap is what price weighting did.

By sector

point contribution · sums to +1,592 pts
Health Care4
+902.6
Financials5
+764.2
Materials1
+364.4
Industrials4
+337.4
Consumer Discretionary4
+221.7
Communication Services3
+113.7
Consumer Staples3
+93.0
Energy1
−112.6
Information Technology6
−1,093.0

The year, session by session

every trading day of 2026 · hover for the move; day pages come next
JANFEBMARAPRMAYJUNJUL

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