WMTMT◆
WHAT MOVED THE MARKET TODAY
METHODOLOGY

Dow Jones Industrial Average

34 stocks · price-weighted · Jul 2, 2026 close
52,900.07
+18,703.25 (+54.69%)
DJIA 52,900.07 · +18,703.3 pts (+54.69%) 5Y
1D1W1MYTD1Y5Y
54,60547,66540,72533,78526,845EW +49.87%H 52,900 · Jul 2L 29,203 · Oct 10
Jun 24, 2021Sep 26, 2022Dec 28, 2023Mar 28, 2025Jul 2, 2026
Breadth
24 / 34
stocks rose with the index
Concentration
53%
of the gain from CAT, GS, TRV
Biggest driver
CAT +4,667
Caterpillar, +339.29%
Biggest drag
NKE −576
Nike, −67.00%

What drove it

34 members · drivers first · 5Y · residual 0.558bp within 1bp gate

The DJIA rose 54.69% (+18,703 pts) over five years on a mixed tape; CAT, GS, TRV did most of the lifting, with 53% of the gain between them.

+21,305.9 pts from 24 gainers−2,604.6 pts from 10 losers
net +18,703.3 pts · gainers outweigh losers 8.2 to 1
Stock
Points
Return
DJIAsum of all 34 stocks
+18,703.3
100%
+54.69%
CATCaterpillar
+4,666.7
25%
+339.29%
GSGoldman Sachs
+4,101.2
22%
+176.88%
TRVTravelers
+1,224.3
7%
+128.25%
AXPAmerican Express
+1,177.8
6%
+109.24%
JPMJPMorgan Chase
+1,153.3
6%
+119.31%
AAPLApple
+1,113.0
6%
+131.34%
IBMIBM
+948.2
5%
+108.22%
AMGNAmgen
+851.7
5%
+55.28%
MSFTMicrosoft
+825.3
4%
+46.42%
VVisa
+799.2
4%
+53.29%
JNJJohnson & Johnson
+608.8
3%
+61.01%
WMTWalmart
+594.0
3%
+145.07%
AMZNAmazon
+428.7
2%
+38.68%
CVXChevron
+403.9
2%
+57.92%
CSCOCisco
+371.0
2%
+113.51%
MRKMerck
+338.7
2%
+69.67%
HDHome Depot
+318.7
2%
+14.77%
MCDMcDonald's
+315.7
2%
+20.27%
NVDANvidia
+281.8
2%
+30.86%
UNHUnitedHealth
+254.3
1%
+6.64%
KOCoca-Cola
+186.8
1%
+54.70%
GOOGLAlphabet
+133.8
1%
+6.67%
PGProcter & Gamble
+125.9
1%
+13.82%
HONHoneywell
+83.0
0%
+6.82%
VZVerizon
−67.4
0%
−17.44%
DOWDow Inc
−93.5
0%
−22.52%
MMM3M
−114.5
−1%
−0.71%
BABoeing
−192.6
−1%
−9.61%
SHWSherwin-Williams
−195.5
−1%
−8.21%
INTCIntel
−196.3
−1%
−53.22%
WBAWalgreens Boots Alliance
−200.1
−1%
−58.29%
CRMSalesforce
−451.0
−2%
−31.86%
DISDisney
−517.5
−3%
−44.08%
NKENike
−576.1
−3%
−67.00%
Price weighting, illustrated

Amgen and Coca-Cola moved almost identically (+55.28% vs +54.70%), yet AMGN moved the DJIA 4.6× as much. In a price-weighted index, a higher-priced share simply outvotes a cheaper one.

Attribution map

slicing the +18,703 pt move · cell size = points contributed · color = direction, intensity = return
CAT+4,666.7
GS+4,101.2
TRV+1,224.3
AXP+1,177.8
JPM+1,153.3
AAPL+1,113.0
IBM+948.2
AMGN+851.7
MSFT+825.3
V+799.2
JNJ+608.8
WMT+594.0
NKE−576.1
DIS−517.5
CRM
AMZN+428.7
CVX+403.9
CSCO+371.0
MRK
MCD+315.7
NVDA+281.8
INTC−196.3
SHW−195.5
BA
KO
GOOGL

Concentration curve

cumulative share of the +18,703 pt move · sorted by contribution
0%50%100%9172634stocks:3 stocks = 53%100% covered at 14

When they drove it

cumulative points through the period
0CAT +4,667GS +4,101TRV +1,224NKE −576Jun 24Jul 2

Breadth

member returns, this period
−100%0%+100%+200%+300%
From −67.00% (NKE) to +339.29% (CAT). Equal-weight, the DJIA would be +49.87% vs the actual +54.69%; the gap is what price weighting did.

By sector

point contribution · sums to +18,703 pts
Financials5
+8,455.8
Industrials4
+4,442.5
Information Technology7
+2,892.0
Health Care4
+2,053.6
Consumer Staples4
+706.5
Consumer Discretionary4
+487.0
Energy1
+403.9
Materials2
−289.0
Communication Services3
−451.0

The year, session by session

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

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