+20,617.9 pts from 25 gainers−1,544.8 pts from 9 losers
net +19,076.3 pts · gainers outweigh losers 13.3 to 1
Stock
Points
Share
Return
DJIAsum of all 34 stocks
+19,076.3
100%
+55.29%
GSGoldman Sachs
+4,616.2
24%
+225.92%
CATCaterpillar
+3,400.9
18%
+196.19%
JPMJPMorgan Chase
+1,308.9
7%
+139.44%
TRVTravelers
+1,304.6
7%
+127.53%
AXPAmerican Express
+1,135.2
6%
+109.66%
AMGNAmgen
+1,118.7
6%
+68.91%
MSFTMicrosoft
+1,099.2
6%
+55.37%
VVisa
+916.3
5%
+61.23%
AAPLApple
+850.0
4%
+77.60%
MMM3M
+612.5
3%
+114.53%
IBMIBM
+608.9
3%
+65.60%
JNJJohnson & Johnson
+608.7
3%
+58.35%
AMZNAmazon
+538.0
3%
+49.19%
WMTWalmart
+417.1
2%
+100.18%
NVDANvidia
+390.1
2%
+43.10%
CSCOCisco
+346.7
2%
+101.87%
MRKMerck
+282.2
1%
+43.27%
CVXChevron
+232.1
1%
+24.24%
HONHoneywell
+203.8
1%
+16.94%
KOCoca-Cola
+188.2
1%
+50.37%
DISDisney
+158.4
1%
+29.41%
HDHome Depot
+97.4
1%
+3.19%
VZVerizon
+85.4
0%
+40.27%
GOOGLAlphabet
+56.9
0%
+2.84%
CRMSalesforce
+41.4
0%
+0.43%
WBAWalgreens Boots Alliance
−31.7
0%
−18.12%
DOWDow Inc
−33.6
0%
−9.48%
PGProcter & Gamble
−38.3
0%
−4.67%
INTCIntel
−42.6
0%
−19.91%
MCDMcDonald's
−77.8
0%
−4.84%
BABoeing
−126.9
−1%
−6.88%
SHWSherwin-Williams
−207.7
−1%
−8.74%
NKENike
−413.6
−2%
−62.34%
UNHUnitedHealth
−572.6
−3%
−20.44%
Price weighting, illustrated
UnitedHealth and Walgreens Boots Alliance moved almost identically (−20.44% vs −18.12%), yet UNH moved the DJIA 18.1× as much. In a price-weighted index, a higher-priced share simply outvotes a cheaper one.
Attribution map
slicing the +19,076 pt move · cell size = points contributed · color = direction, intensity = return
GS+4,616.2 pts(+225.9%)
CAT+3,400.9 pts(+196.2%)
JPM+1,308.9 pts(+139.4%)
TRV+1,304.6 pts(+127.5%)
AXP+1,135.2 pts(+109.7%)
AMGN+1,118.7 pts(+68.9%)
MSFT+1,099.2 pts
V+916.3 pts(+61.2%)
AAPL+850.0 pts(+77.6%)
MMM+612.5 pts
IBM+608.9 pts(+65.6%)
JNJ+608.7 pts(+58.3%)
UNH−572.6 pts(−20.4%)
AMZN+538.0 pts
WMT
NKE−413.6 pts
NVDA+390.1 pts
CSCO+346.7 pts
MRK
CVX
SHW
KO+188.2 pts
DIS
BA
Concentration curve
cumulative share of the +19,076 pt move · sorted by contribution
When they drove it
cumulative points through the period
Breadth
member returns, this period
−100%0%+100%+200%
From −62.34% (NKE) to +225.92% (GS). Equal-weight, the DJIA would be +55.27% vs the actual +55.29%; the gap is what price weighting did.
By sector
point contribution · sums to +19,076 pts
Financials5
+9,281.3
Industrials4
+4,090.3
Information Technology7
+3,293.6
Health Care4
+1,437.0
Consumer Staples4
+535.3
Communication Services3
+300.7
Energy1
+232.1
Consumer Discretionary4
+144.0
Materials2
−241.3
The year, session by session
every trading day of 2026 · hover for the move
JANFEBMARAPRMAYJUNJULAUG
Share this move
pick a view, download it as a 16:9 PNG
Dow Jones Industrial Average
What moved the market
3Y · AUG 25, 2026
+55.29%
+19,076.3 pts · closed 53,577.00
25 of 34 rose · 9 fell
GS+225.9%
+4,616.2
CAT+196.2%
+3,400.9
JPM+139.4%
+1,308.9
TRV+127.5%
+1,304.6
AXP+109.7%
+1,135.2
MCD−4.8%
−77.8
BA−6.9%
−126.9
SHW−8.7%
−207.7
NKE−62.3%
−413.6
UNH−20.4%
−572.6
Broad advance · GS led at +4,616 ptsWMTMT.COM
view 1 of 6
Cycle through the views and download any of them as a 16:9 PNG sized for X. Pasting the page link on X unfurls a server-rendered card on its own.
www.wmtmt.com/djia?p=3y
Share on X copies the image to your clipboard and opens the composer; paste to attach it.
What moved the market, in your inbox
The daily note publishes here after every close; the week's story lands in your inbox on Fridays, free. Read the daily notes.
Babylon Burns
WMTMT is built by the founders of Babylon Burns, a letter on markets, macro, and the systems behind them. The numbers live here; the arguments live there. Subscribing below joins the Babylon Burns letter.