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WHAT MOVED THE MARKET TODAY

Dow Jones Industrial Average

34 stocks · price-weighted · Oct 9, 2026 close
51,655.00
+18,525.45 (+55.92%)
DJIA 51,655.00 · +18,525.4 pts (+55.92%) 3Y
55,68549,62443,56337,501EW +58.77%H 54,086 · Aug 4L 32,929 · Oct 30
Oct 4, 2023Jul 9, 2024Apr 9, 2025Jan 7, 2026Oct 9, 2026
Breadth
26 / 34
stocks rose with the index
Concentration
46%
of the gain from GS, CAT, MSFT
Biggest driver
GS +3,751
Goldman Sachs, +190.12%
Biggest drag
UNH −756
UnitedHealth, −25.72%

What drove it

34 members · drivers first · 3Y · residual 0.376bp within 1bp gate

The DJIA rose 55.92% (+18,525 pts) over three years in a broad advance: 26 of 34 stocks rose, with GS out front at +3,751 points.

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

+20,239.1 pts from 27 gainers−1,714.9 pts from 7 losers
net +18,525.4 pts · gainers outweigh losers 11.8 to 1
Stock
Points
Return
DJIAsum of all 34 stocks
+18,525.4
100%
+55.92%
GSGoldman Sachs
+3,751.0
20%
+190.12%
CATCaterpillar
+3,396.3
18%
+202.03%
MSFTMicrosoft
+1,340.6
7%
+67.76%
TRVTravelers
+1,299.0
7%
+126.92%
JPMJPMorgan Chase
+1,205.0
7%
+132.29%
AXPAmerican Express
+1,059.8
6%
+110.17%
AAPLApple
+1,014.4
5%
+93.85%
VVisa
+970.7
5%
+66.70%
AMGNAmgen
+932.2
5%
+56.30%
JNJJohnson & Johnson
+651.1
4%
+68.11%
MMM3M
+576.1
3%
+117.36%
IBMIBM
+569.2
3%
+61.01%
AMZNAmazon
+546.2
3%
+49.97%
NVDANvidia
+486.6
3%
+54.00%
WMTWalmart
+432.4
2%
+107.48%
CSCOCisco
+400.5
2%
+121.50%
CVXChevron
+289.8
2%
+30.02%
MRKMerck
+264.0
1%
+42.51%
KOCoca-Cola
+205.7
1%
+59.97%
CRMSalesforce
+200.1
1%
+13.50%
HONHoneywell
+183.4
1%
+15.15%
DISDisney
+183.2
1%
+36.22%
VZVerizon
+96.3
1%
+47.56%
GOOGLAlphabet
+84.8
0%
+4.23%
HDHome Depot
+48.1
0%
−0.56%
PGProcter & Gamble
+39.6
0%
+3.60%
BABoeing
+13.2
0%
+1.95%
WBAWalgreens Boots Alliance
−3.7
0%
−2.51%
DOWDow Inc
−14.4
0%
−4.32%
INTCIntel
−63.6
0%
−27.00%
MCDMcDonald's
−102.2
−1%
−8.05%
NKENike
−383.1
−2%
−63.80%
SHWSherwin-Williams
−392.3
−2%
−16.83%
UNHUnitedHealth
−755.6
−4%
−25.72%
Price weighting, illustrated

UnitedHealth and Intel moved almost identically (−25.72% vs −27.00%), yet UNH moved the DJIA 11.9× as much. In a price-weighted index, a higher-priced share simply outvotes a cheaper one.

Attribution map

slicing the +18,525 pt move · cell size = points contributed · color = direction, intensity = return
GS+3,751.0 pts(+190.1%)
CAT+3,396.3 pts(+202.0%)
MSFT+1,340.6 pts(+67.8%)
TRV+1,299.0 pts(+126.9%)
JPM+1,205.0 pts(+132.3%)
AXP+1,059.8 pts(+110.2%)
AAPL+1,014.4 pts
V+970.7 pts(+66.7%)
AMGN+932.2 pts(+56.3%)
UNH−755.6 pts
JNJ+651.1 pts(+68.1%)
MMM+576.1 pts(+117.4%)
IBM+569.2 pts(+61.0%)
AMZN+546.2 pts
NVDA+486.6 pts
WMT+432.4 pts
CSCO+400.5 pts
SHW−392.3 pts
NKE−383.1 pts
CVX
MRK+264.0 pts
KO
CRM
HON
DIS
VZ
GOOGL

Concentration curve

cumulative share of the +18,525 pt move · sorted by contribution
0%50%100%9172634stocks:3 stocks = 46%100% covered at 16

When they drove it

cumulative points through the period
0GS +3,751CAT +3,396MSFT +1,341UNH −756SHW −392NKE −383Oct 4Oct 9

Breadth

member returns, this period
−100%0%+100%+200%
From −63.80% (NKE) to +202.03% (CAT). Equal-weight, the DJIA would be +58.77% vs the actual +55.92%; the gap is what price weighting did.

By sector

point contribution · sums to +18,525 pts
Financials5
+8,285.4
Industrials4
+4,169.1
Information Technology7
+3,947.7
Health Care4
+1,091.7
Consumer Staples4
+674.0
Communication Services3
+364.3
Energy1
+289.8
Consumer Discretionary4
+109.0
Materials2
−406.8

The year, session by session

every trading day of 2026 · hover for the move
JANFEBMARAPRMAYJUNJULAUGSEPOCT

Share this move

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SESSIONSETTLEDBOARDDJIA 3YMEMBERS34RESIDUAL0.376BP / 1BP GATESRCNASDAQ · CBOE · ALPHA VANTAGEWMTMT.COM