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WHAT MOVED THE MARKET TODAY
DAILY NOTES

Dow Jones Industrial Average

30 stocks · price-weighted · Oct 9, 2026 close
51,655.00
+478.04 (+0.93%)
DJIA 51,655.00 · +478.0 pts (+0.93%) 1W
1D1W1MQTD3M6MYTD1Y2Y3Y5Y
52,19451,86451,53551,20550,875EW +1.69%H 51,749 · 15:00L 50,956 · 11:00
Oct 5Oct 6Oct 7Oct 8Oct 9
30-minute bars · index reconstructed live from member prices
Breadth
22 / 30
stocks rose with the index
Concentration
67%
of the gain from V, MSFT, AMGN
Biggest driver
V +147
Visa, +6.87%
Biggest drag
CAT −267
Caterpillar, −5.32%

What drove it

30 members · drivers first · 1W · residual 0.011bp within 1bp gate

The DJIA rose 0.93% (+478 pts) on the week, and 67% of that gain came from just three stocks: V, MSFT, AMGN.

Read the latest market-close note: Goldman and Microsoft Push the Dow to a Large Gain While Telecoms Sink Communication Services

+917.5 pts from 22 gainers−439.5 pts from 8 losers
net +478.0 pts · gainers outweigh losers 2.1 to 1
Stock
Points
Return
DJIAsum of all 30 stocks
+478.0
100%
+0.93%
VVisa
+147.3
31%
+6.87%
MSFTMicrosoft
+104.3
22%
+3.39%
AMGNAmgen
+70.3
15%
+2.94%
AMZNAmazon
+64.8
14%
+4.34%
TRVTravelers
+49.7
10%
+2.32%
GOOGLAlphabet
+48.5
10%
+2.38%
HDHome Depot
+46.9
10%
+2.79%
UNHUnitedHealth
+44.0
9%
+1.99%
WMTWalmart
+42.1
9%
+6.80%
PGProcter & Gamble
+37.6
8%
+4.36%
CSCOCisco
+36.8
8%
+5.52%
DISDisney
+34.8
7%
+5.73%
JNJJohnson & Johnson
+32.2
7%
+2.11%
AXPAmerican Express
+32.0
7%
+1.78%
CVXChevron
+31.4
7%
+2.56%
IBMIBM
+26.7
6%
+2.02%
MCDMcDonald's
+19.9
4%
+1.44%
AAPLApple
+17.5
4%
+0.88%
KOCoca-Cola
+14.3
3%
+2.80%
MRKMerck
+7.7
2%
+0.90%
NKENike
+5.0
1%
+2.48%
JPMJPMorgan Chase
+3.6
1%
+0.18%
SHWSherwin-Williams
−0.9
0%
−0.05%
MMM3M
−11.5
−2%
−1.19%
BABoeing
−19.0
−4%
−1.65%
NVDANvidia
−27.8
−6%
−2.00%
CRMSalesforce
−33.0
−7%
−2.37%
HONHoneywell
−37.2
−8%
−2.93%
GSGoldman Sachs
−43.0
−9%
−0.80%
CATCaterpillar
−267.2
−56%
−5.32%
Price weighting, illustrated

Travelers and Nike moved almost identically (+2.32% vs +2.48%), yet TRV moved the DJIA 10.0× as much. In a price-weighted index, a higher-priced share simply outvotes a cheaper one.

Attribution map

slicing the +478 pt move · cell size = points contributed · color = direction, intensity = return
CAT−267.2 pts(−5.3%)
V+147.3 pts(+6.9%)
MSFT+104.3 pts(+3.4%)
AMGN+70.3 pts(+2.9%)
AMZN+64.8 pts(+4.3%)
TRV+49.7 pts
GOOGL+48.5 pts
HD+46.9 pts
UNH+44.0 pts(+2.0%)
GS−43.0 pts(−0.8%)
WMT+42.1 pts(+6.8%)
PG+37.6 pts(+4.4%)
HON−37.2 pts(−2.9%)
CSCO+36.8 pts(+5.5%)
DIS+34.8 pts(+5.7%)
CRM−33.0 pts(−2.4%)
JNJ+32.2 pts
AXP+32.0 pts
CVX+31.4 pts(+2.6%)
NVDA−27.8 pts(−2.0%)
IBM+26.7 pts(+2.0%)
MCD+19.9 pts
BA−19.0 pts
KO
MRK

Concentration curve

cumulative share of the +478 pt move · sorted by contribution
0%50%100%8152330stocks:3 stocks = 67%100% covered at 6

When they drove it

cumulative points through the period
0V +147MSFT +104AMGN +70CAT −267GS −43HON −37Oct 2Oct 9

Breadth

member returns, this period
−6%−2%+2%+6%
From −5.32% (CAT) to +6.87% (V). Equal-weight, the DJIA would be +1.69% vs the actual +0.93%; the gap is what price weighting did.

By sector

point contribution · sums to +478 pts
Financials5
+189.7
Health Care4
+154.2
Consumer Discretionary4
+136.6
Information Technology6
+124.5
Consumer Staples3
+94.0
Communication Services2
+83.3
Energy1
+31.4
Materials1
−0.9
Industrials4
−334.8

The year, session by session

every trading day of 2026 · hover for the move
JANFEBMARAPRMAYJUNJULAUGSEPOCT

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