DJIA · WMTMT

Jun 30Jul 15Jul 29Aug 11Aug 25

Breadth

17 / 30

stocks rose with the index

Concentration

100%+

of the gain from MSFT, AMGN, CRM

Biggest driver

MSFT +705

Microsoft, +31.82%

Biggest drag

CAT −1,509

Caterpillar, −23.85%

What drove it

30 members · drivers first · QTD · residual 0.406bp within 1bp gate

The DJIA rose 2.40% (+1,258 pts) so far this quarter, but 13 of 30 members went the other way. MSFT and AMGN carried the tape higher, contributing more than the entire move.

Read the latest market-close note: Nvidia and Goldman Sachs Lead a Narrow Advance as Energy and Staples Slide

+3,517.1 pts from 17 gainers−2,261.5 pts from 13 losers

net +1,257.8 pts · gainers outweigh losers 1.6 to 1

Stock

Points

Return

DJIAsum of all 30 stocks

+1,257.8

+2.40%

MSFTMicrosoft

+705.4

+31.82%

AMGNAmgen

+476.2

+22.13%

CRMSalesforce

+291.5

+31.31%

GSGoldman Sachs

+283.2

+4.71%

VVisa

+243.2

+11.93%

TRVTravelers

+235.0

+11.98%

CVXChevron

+203.0

+20.60%

JPMJPMorgan Chase

+174.6

+8.97%

MRKMerck

+166.1

+21.75%

AMZNAmazon

+135.0

+9.53%

AAPLApple

+122.1

+7.10%

JNJJohnson & Johnson

+113.9

+7.54%

MMM3M

+103.8

+10.79%

DISDisney

+89.1

+15.57%

NVDANvidia

+77.0

+6.48%

KOCoca-Cola

+61.7

+12.77%

SHWSherwin-Williams

+36.3

+1.77%

PGProcter & Gamble

−7.3

−0.83%

NKENike

−9.4

−3.85%

MCDMcDonald's

−13.2

−0.82%

AXPAmerican Express

−13.7

−0.68%

BABoeing

−32.2

−2.50%

CSCOCisco

−37.7

−5.41%

WMTWalmart

−46.8

−6.96%

HONHoneywell

−48.9

−3.67%

GOOGLAlphabet

−61.9

−2.91%

HDHome Depot

−88.3

−4.21%

UNHUnitedHealth

−113.2

−4.58%

IBMIBM

−279.6

−16.73%

CATCaterpillar

−1,509.3

−23.85%

Price weighting, illustrated

Home Depot and Nike moved almost identically (−4.21% vs −3.85%), yet HD moved the DJIA 9.4× as much. In a price-weighted index, a higher-priced share simply outvotes a cheaper one.

Attribution map

slicing the +1,258 pt move · cell size = points contributed · color = direction, intensity = return

CAT−1,509.3 pts(−23.8%)

MSFT+705.4 pts(+31.8%)

AMGN+476.2 pts(+22.1%)

CRM+291.5 pts(+31.3%)

GS+283.2 pts(+4.7%)

IBM−279.6 pts

V+243.2 pts(+11.9%)

TRV+235.0 pts(+12.0%)

CVX+203.0 pts

JPM+174.6 pts(+9.0%)

MRK+166.1 pts(+21.8%)

AMZN+135.0 pts(+9.5%)

AAPL+122.1 pts

JNJ+113.9 pts

UNH−113.2 pts(−4.6%)

MMM+103.8 pts

DIS

NVDA

GOOGL−61.9 pts

KO+61.7 pts

HON

WMT

CSCO

Concentration curve

cumulative share of the +1,258 pt move · sorted by contribution

When they drove it

cumulative points through the period

Breadth

member returns, this period

−30%−10%+10%+30%

From −23.85% (CAT) to +31.82% (MSFT). Equal-weight, the DJIA would be +5.47% vs the actual +2.40%; the gap is what price weighting did.

By sector

point contribution · sums to +1,258 pts

Financials5

+922.2

Information Technology6

+878.8

Health Care4

+643.0

Energy1

+203.0

Materials1

+36.3

Communication Services2

+27.2

Consumer Discretionary4

+24.1

Consumer Staples3

+7.6

Industrials4

−1,486.5

The year, session by session

every trading day of 2026 · hover for the move

JANFEBMARAPRMAYJUNJULAUG

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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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