WMTMT◆
WHAT MOVED THE MARKET TODAY
METHODOLOGY

Dow Jones Industrial Average

31 stocks · price-weighted · Jul 2, 2026 close
52,900.07
+4,836.78 (+10.06%)
DJIA 52,900.07 · +4,836.8 pts (+10.06%) YTD
1D1W1MYTD1Y5Y
53,44151,23749,03346,82944,625EW +8.59%H 52,900 · Jul 2L 45,167 · Mar 27
Dec 31Feb 17Apr 2May 18Jul 2
Breadth
24 / 31
stocks rose with the index
Concentration
80%
of the gain from CAT, GS, UNH
Biggest driver
CAT +2,412
Caterpillar, +68.19%
Biggest drag
CRM −610
Salesforce, −37.30%

What drove it

31 members · drivers first · YTD · residual 0.154bp within 1bp gate

The DJIA rose 10.06% (+4,837 pts) so far this year, and 80% of that gain came from just three stocks: CAT, GS, UNH.

+6,547.0 pts from 24 gainers−1,711.0 pts from 7 losers
net +4,836.8 pts · gainers outweigh losers 3.8 to 1
Stock
Points
Return
DJIAsum of all 31 stocks
+4,836.8
100%
+10.06%
CATCaterpillar
+2,412.4
50%
+68.19%
GSGoldman Sachs
+874.0
18%
+16.15%
UNHUnitedHealth
+587.0
12%
+28.85%
JNJJohnson & Johnson
+343.5
7%
+27.10%
TRVTravelers
+318.5
7%
+18.01%
AMGNAmgen
+285.0
6%
+14.31%
AAPLApple
+221.1
5%
+13.53%
CSCOCisco
+219.8
5%
+46.29%
SHWSherwin-Williams
+173.4
4%
+8.78%
MRKMerck
+149.4
3%
+23.09%
HONHoneywell
+147.3
3%
+12.34%
GOOGLAlphabet
+133.8
3%
+6.67%
CVXChevron
+103.8
2%
+11.02%
KOCoca-Cola
+87.3
2%
+20.35%
HDHome Depot
+83.0
2%
+4.01%
JPMJPMorgan Chase
+74.3
2%
+3.80%
AMZNAmazon
+70.8
1%
+5.13%
VVisa
+64.8
1%
+3.26%
BABoeing
+55.7
1%
+4.32%
NVDANvidia
+50.8
1%
+4.47%
PGProcter & Gamble
+49.4
1%
+5.65%
VZVerizon
+35.8
1%
+14.26%
WMTWalmart
+3.5
0%
+0.39%
MMM3M
+2.9
0%
+0.21%
IBMIBM
−45.0
−1%
−2.26%
DISDisney
−88.0
−2%
−12.54%
AXPAmerican Express
−113.2
−2%
−4.86%
NKENike
−121.5
−3%
−30.80%
MCDMcDonald's
−156.2
−3%
−8.18%
MSFTMicrosoft
−577.1
−12%
−19.26%
CRMSalesforce
−609.9
−13%
−37.30%
Price weighting, illustrated

Goldman Sachs and Verizon moved almost identically (+16.15% vs +14.26%), yet GS moved the DJIA 24.4× as much. In a price-weighted index, a higher-priced share simply outvotes a cheaper one.

Attribution map

slicing the +4,837 pt move · cell size = points contributed · color = direction, intensity = return
CAT+2,412.4
GS+874.0
CRM−609.9
UNH+587.0
MSFT−577.1
JNJ+343.5
TRV+318.5
AMGN+285.0
AAPL+221.1
CSCO+219.8
SHW+173.4
MCD
MRK+149.4
HON+147.3
GOOGL+133.8
NKE
AXP
CVX+103.8
DIS−88.0
KO
HD
AMZN
V
BA
IBM
VZ

Concentration curve

cumulative share of the +4,837 pt move · sorted by contribution
0%50%100%8162331stocks:3 stocks = 80%100% covered at 7

When they drove it

cumulative points through the period
0CAT +2,412GS +874UNH +587CRM −610Dec 31Jul 2

Breadth

member returns, this period
−50%−25%0%+25%+50%
From −37.30% (CRM) to +68.19% (CAT). Equal-weight, the DJIA would be +8.59% vs the actual +10.06%; the gap is what price weighting did.

By sector

point contribution · sums to +4,837 pts
Industrials4
+2,618.2
Health Care4
+1,364.9
Financials5
+1,218.3
Materials1
+173.4
Consumer Staples3
+140.1
Energy1
+103.8
Communication Services3
+81.6
Consumer Discretionary4
−123.9
Information Technology6
−740.4

The year, session by session

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

Share this move

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