WMTMT◆
WHAT MOVED THE MARKET TODAY
METHODOLOGY

Dow Jones Industrial Average

31 stocks · price-weighted · Jul 2, 2026 close
52,900.07
+8,405.13 (+18.89%)
DJIA 52,900.07 · +8,405.1 pts (+18.89%) 1Y
1D1W1MYTD1Y5Y
53,55450,89148,22945,56642,903EW +16.30%H 52,900 · Jul 2L 43,589 · Aug 1
Jul 1, 2025Sep 30, 2025Dec 30, 2025Apr 1, 2026Jul 2, 2026
Breadth
21 / 31
stocks rose with the index
Concentration
73%
of the gain from CAT, GS, JNJ
Biggest driver
CAT +3,531
Caterpillar, +146.48%
Biggest drag
CRM −653
Salesforce, −38.91%

What drove it

31 members · drivers first · 1Y · residual 0.266bp within 1bp gate

The DJIA rose 18.89% (+8,405 pts) over the past year, and 73% of that gain came from just three stocks: CAT, GS, JNJ.

+10,357.4 pts from 21 gainers−1,953.5 pts from 10 losers
net +8,405.1 pts · gainers outweigh losers 5.3 to 1
Stock
Points
Return
DJIAsum of all 31 stocks
+8,405.1
100%
+18.89%
CATCaterpillar
+3,530.7
42%
+146.48%
GSGoldman Sachs
+1,935.5
23%
+44.52%
JNJJohnson & Johnson
+657.4
8%
+68.70%
AAPLApple
+614.8
7%
+48.51%
UNHUnitedHealth
+611.1
7%
+30.42%
AMGNAmgen
+511.5
6%
+28.79%
TRVTravelers
+460.5
5%
+28.21%
MRKMerck
+293.7
3%
+58.37%
JPMJPMorgan Chase
+270.0
3%
+15.17%
CSCOCisco
+268.6
3%
+63.08%
NVDANvidia
+254.7
3%
+27.09%
AXPAmerican Express
+178.4
2%
+9.12%
CVXChevron
+145.8
2%
+16.23%
AMZNAmazon
+134.5
2%
+10.07%
GOOGLAlphabet
+133.8
2%
+6.67%
BABoeing
+100.8
1%
+7.96%
WMTWalmart
+84.5
1%
+13.84%
KOCoca-Cola
+76.5
1%
+17.40%
MMM3M
+41.5
0%
+4.31%
VVisa
+35.6
0%
+1.87%
VZVerizon
+17.6
0%
+6.55%
IBMIBM
−14.3
0%
−0.58%
SHWSherwin-Williams
−19.1
0%
−0.79%
HONHoneywell
−46.1
−1%
−2.61%
PGProcter & Gamble
−60.8
−1%
−6.08%
HDHome Depot
−95.9
−1%
−4.09%
MCDMcDonald's
−106.2
−1%
−5.67%
DISDisney
−147.7
−2%
−19.43%
NKENike
−181.1
−2%
−39.94%
MSFTMicrosoft
−629.5
−7%
−20.64%
CRMSalesforce
−652.8
−8%
−38.91%
Price weighting, illustrated

Alphabet and Verizon moved almost identically (+6.67% vs +6.55%), yet GOOGL moved the DJIA 7.6× as much. In a price-weighted index, a higher-priced share simply outvotes a cheaper one.

Attribution map

slicing the +8,405 pt move · cell size = points contributed · color = direction, intensity = return
CAT+3,530.7
GS+1,935.5
JNJ+657.4
CRM−652.8
MSFT−629.5
AAPL+614.8
UNH+611.1
AMGN+511.5
TRV+460.5
MRK+293.7
JPM+270.0
CSCO+268.6
NVDA+254.7
NKE
AXP
CVX+145.8
AMZN+134.5
GOOGL
MCD
BA
HD
WMT
KO

Concentration curve

cumulative share of the +8,405 pt move · sorted by contribution
0%50%100%8162331stocks:3 stocks = 73%100% covered at 8

When they drove it

cumulative points through the period
0CAT +3,531GS +1,935JNJ +657CRM −653Jul 1Jul 2

Breadth

member returns, this period
−50%0%+50%+100%
From −39.94% (NKE) to +146.48% (CAT). Equal-weight, the DJIA would be +16.30% vs the actual +18.89%; the gap is what price weighting did.

By sector

point contribution · sums to +8,405 pts
Industrials4
+3,626.9
Financials5
+2,879.9
Health Care4
+2,073.8
Energy1
+145.8
Consumer Staples3
+100.2
Communication Services3
+3.8
Materials1
−19.1
Information Technology6
−158.6
Consumer Discretionary4
−248.7

The year, session by session

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

Share this move

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