DJIA · WMTMT

Sep 30Oct 2Oct 6Oct 7Oct 9

Breadth

21 / 30

stocks rose with the index

Concentration

49%

of the gain from V, MSFT, AMZN

Biggest driver

V +155

Visa, +7.27%

Biggest drag

CAT −61

Caterpillar, −1.27%

What drove it

30 members · drivers first · QTD · residual 0.011bp within 1bp gate

The DJIA rose 1.47% (+749 pts) so far this quarter on a mixed tape; V, MSFT, AMZN did most of the lifting, with 49% of the gain between them.

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

+973.2 pts from 21 gainers−224.3 pts from 9 losers

net +748.9 pts · gainers outweigh losers 4.3 to 1

Stock

Points

Return

DJIAsum of all 30 stocks

+748.9

+1.47%

VVisa

+155.2

+7.27%

MSFTMicrosoft

+131.8

+4.32%

AMZNAmazon

+78.9

+5.33%

TRVTravelers

+72.7

+3.43%

UNHUnitedHealth

+72.6

+3.33%

CSCOCisco

+64.0

+10.00%

CVXChevron

+46.2

+3.80%

GOOGLAlphabet

+45.1

+2.20%

WMTWalmart

+44.2

+7.15%

IBMIBM

+42.8

+3.27%

HDHome Depot

+37.1

+2.20%

PGProcter & Gamble

+35.4

+4.10%

BABoeing

+25.7

+2.32%

MCDMcDonald's

+25.5

+1.86%

AXPAmerican Express

+24.2

+1.34%

AAPLApple

+21.5

+1.09%

DISDisney

+18.7

+3.00%

JPMJPMorgan Chase

+12.8

+0.65%

KOCoca-Cola

+11.7

+2.29%

NVDANvidia

+5.3

+0.39%

MRKMerck

+1.7

+0.20%

CRMSalesforce

−2.6

−0.19%

NKENike

−4.1

−1.95%

HONHoneywell

−19.1

−1.52%

JNJJohnson & Johnson

−19.6

−1.25%

SHWSherwin-Williams

−23.2

−1.21%

MMM3M

−24.9

−2.55%

GSGoldman Sachs

−30.0

−0.56%

AMGNAmgen

−39.5

−1.58%

CATCaterpillar

−61.3

−1.27%

Price weighting, illustrated

Travelers and Disney moved almost identically (+3.43% vs +3.00%), yet TRV moved the DJIA 3.9× as much. In a price-weighted index, a higher-priced share simply outvotes a cheaper one.

Attribution map

slicing the +749 pt move · cell size = points contributed · color = direction, intensity = return

V+155.2 pts(+7.3%)

MSFT+131.8 pts(+4.3%)

AMZN+78.9 pts(+5.3%)

TRV+72.7 pts(+3.4%)

UNH+72.6 pts(+3.3%)

CSCO+64.0 pts(+10.0%)

CAT−61.3 pts(−1.3%)

CVX+46.2 pts(+3.8%)

GOOGL+45.1 pts(+2.2%)

WMT+44.2 pts

IBM+42.8 pts(+3.3%)

AMGN−39.5 pts(−1.6%)

HD+37.1 pts(+2.2%)

PG+35.4 pts(+4.1%)

GS−30.0 pts(−0.6%)

BA+25.7 pts

MCD+25.5 pts

MMM−24.9 pts

AXP+24.2 pts

SHW−23.2 pts

AAPL+21.5 pts

JNJ−19.6 pts

HON−19.1 pts

DIS

JPM+12.8 pts

NVDA

NKE

Concentration curve

cumulative share of the +749 pt move · sorted by contribution

When they drove it

cumulative points through the period

Breadth

member returns, this period

−4%0%+4%+8%

From −2.55% (MMM) to +10.00% (CSCO). Equal-weight, the DJIA would be +1.94% vs the actual +1.47%; the gap is what price weighting did.

By sector

point contribution · sums to +749 pts

Information Technology6

+262.8

Financials5

+235.1

Consumer Discretionary4

+137.5

Consumer Staples3

+91.2

Communication Services2

+63.8

Energy1

+46.2

Health Care4

+15.3

Materials1

−23.2

Industrials4

−79.6

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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