DJIA · WMTMT

Oct 8, 2025Jan 8, 2026Apr 10, 2026Jul 13, 2026Oct 9, 2026

Breadth

22 / 31

stocks rose with the index

Concentration

67%

of the gain from CAT, GS, AMGN

Biggest driver

CAT +1,878

Caterpillar, +59.42%

Biggest drag

HD −560

Home Depot, −24.25%

What drove it

31 members · drivers first · 1Y · residual 0.267bp within 1bp gate

The DJIA rose 10.84% (+5,053 pts) over the past year, and 67% of that gain came from just three stocks: CAT, GS, AMGN.

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

+7,070.7 pts from 22 gainers−2,018.7 pts from 9 losers

net +5,053.2 pts · gainers outweigh losers 3.5 to 1

Stock

Points

Return

DJIAsum of all 31 stocks

+5,053.2

+10.84%

CATCaterpillar

+1,878.0

+59.42%

GSGoldman Sachs

+757.9

+15.30%

AMGNAmgen

+728.3

+40.82%

TRVTravelers

+520.7

+30.41%

AAPLApple

+472.4

+30.45%

JNJJohnson & Johnson

+440.3

+37.82%

MRKMerck

+360.9

+68.52%

CVXChevron

+349.8

+37.88%

CSCOCisco

+294.9

+68.33%

NVDANvidia

+239.3

+21.24%

AMZNAmazon

+222.7

+16.52%

VVisa

+199.5

+9.70%

JPMJPMorgan Chase

+177.4

+9.53%

KOCoca-Cola

+133.8

+33.17%

GOOGLAlphabet

+84.8

+4.23%

UNHUnitedHealth

+68.2

+2.54%

WMTWalmart

+53.0

+8.21%

VZVerizon

+32.1

+12.63%

MSFTMicrosoft

+28.2

+1.95%

MMM3M

+25.2

+2.54%

PGProcter & Gamble

+2.9

+0.36%

HONHoneywell

+0.2

+0.14%

DISDisney

−25.6

−3.43%

CRMSalesforce

−84.8

−4.70%

AXPAmerican Express

−89.8

−4.83%

SHWSherwin-Williams

−106.9

−5.39%

BABoeing

−209.3

−15.51%

NKENike

−210.3

−49.76%

MCDMcDonald's

−357.0

−20.10%

IBMIBM

−374.4

−21.53%

HDHome Depot

−560.4

−24.25%

Price weighting, illustrated

Caterpillar and Cisco moved almost identically (+59.42% vs +68.33%), yet CAT moved the DJIA 6.4× as much. In a price-weighted index, a higher-priced share simply outvotes a cheaper one.

Attribution map

slicing the +5,053 pt move · cell size = points contributed · color = direction, intensity = return

CAT+1,878.0 pts(+59.4%)

GS+757.9 pts(+15.3%)

AMGN+728.3 pts(+40.8%)

HD−560.4 pts(−24.2%)

TRV+520.7 pts(+30.4%)

AAPL+472.4 pts(+30.5%)

JNJ+440.3 pts(+37.8%)

IBM−374.4 pts

MRK+360.9 pts(+68.5%)

MCD−357.0 pts(−20.1%)

CVX+349.8 pts(+37.9%)

CSCO+294.9 pts(+68.3%)

NVDA+239.3 pts(+21.2%)

AMZN+222.7 pts

NKE−210.3 pts

BA−209.3 pts(−15.5%)

V+199.5 pts(+9.7%)

JPM+177.4 pts

KO+133.8 pts

SHW

GOOGL+84.8 pts

CRM−84.8 pts

UNH

Concentration curve

cumulative share of the +5,053 pt move · sorted by contribution

When they drove it

cumulative points through the period

Breadth

member returns, this period

−50%−25%0%+25%+50%

From −49.76% (NKE) to +68.52% (MRK). Equal-weight, the DJIA would be +13.10% vs the actual +10.84%; the gap is what price weighting did.

By sector

point contribution · sums to +5,053 pts

Industrials4

+1,694.0

Health Care4

+1,597.8

Financials5

+1,565.7

Information Technology6

+575.6

Energy1

+349.8

Consumer Staples3

+189.7

Communication Services3

+91.4

Materials1

−106.9

Consumer Discretionary4

−905.1

The year, session by session

every trading day of 2026 · hover for the move

JANFEBMARAPRMAYJUNJULAUGSEPOCT

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Dow Jones Industrial Average

What drove it

Attribution map

Concentration curve

When they drove it

Breadth

By sector

The year, session by session

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