WMTMT
WHAT MOVED THE MARKET TODAY

Magnificent Seven

7 stocks · cap-weighted, ETF-derived weights · Aug 25, 2026 close
67.63
+4.62 (+7.33%)
MAGS 67.63 · +4.6 pts (+7.33%) 1M
69.6667.7365.8163.8861.95EW +8.05%H 69.14 · Aug 7L 62.56 · Jul 29
Jul 27Aug 3Aug 11Aug 18Aug 25
Breadth
5 / 7
stocks rose with the index
Concentration
98%
of the gain from MSFT, TSLA, NVDA
Biggest driver
MSFT +2.46
Microsoft Corporation, +26.61%
Biggest drag
AAPL −0.73
Apple Inc., −7.94%

What drove it

7 members · drivers first · 1M · residual 10.9bp within 60bp gate

The MAGS rose 7.33% (+4.62 pts) on the month, and 98% of that gain came from just three stocks: MSFT, TSLA, NVDA.

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

+6.0 pts from 5 gainers1.2 pts from 2 losers
net +4.6 pts · gainers outweigh losers 4.8 to 1
Stock
Points
Return
MAGSsum of all 7 stocks
+4.6
100%
+7.33%
MSFTMicrosoft Corporation
+2.5
53%
+26.61%
TSLATesla, Inc.
+1.1
23%
+13.27%
NVDANVIDIA Corporation
+1.0
22%
+8.42%
AMZNAmazon.com, Inc.
+1.0
21%
+12.82%
GOOGLAlphabet Inc.
+0.5
10%
+6.25%
METAMeta Platforms, Inc.
−0.5
−11%
−4.01%
AAPLApple Inc.
−0.7
−16%
−7.94%

Attribution map

slicing the +4.62 pt move · cell size = points contributed · color = direction, intensity = return
MSFT+2.5 pts(+26.6%)
TSLA+1.1 pts(+13.3%)
NVDA+1.0 pts(+8.4%)
AMZN+1.0 pts(+12.8%)
AAPL−0.7 pts(−7.9%)
META−0.5 pts(−4.0%)
GOOGL+0.5 pts(+6.2%)

Concentration curve

cumulative share of the +4.62 pt move · sorted by contribution
0%50%100%2457stocks:3 stocks = 98%100% covered at 4

When they drove it

cumulative points through the period
0MSFT +2.46TSLA +1.06NVDA +1.02AAPL −0.73META −0.50Jul 27Aug 25

Breadth

member returns, this period
−10%0%+10%+20%
From −7.94% (AAPL) to +26.61% (MSFT). Equal-weight, the MAGS would be +8.05% vs the actual +7.33%; the gap is what cap weighting did.

By sector

point contribution · sums to +4.62 pts
Unknown7
+4.7

The year, session by session

every trading day of 2026 · hover for the move
JANFEBMARAPRMAYJUNJULAUG

Share this move

pick a view, download it as a 16:9 PNG
What moved the market, in your inbox
The daily note publishes here after every close; the week's story lands in your inbox on Fridays, free. Read the daily notes.
Babylon Burns

WMTMT is built by the founders of Babylon Burns, a letter on markets, macro, and the systems behind them. The numbers live here; the arguments live there. Subscribing below joins the Babylon Burns letter.

SESSIONSETTLEDBOARDMAGS 1MMEMBERS7RESIDUAL10.9BP / 60BP GATESRCNASDAQ · CBOE · ALPHA VANTAGEWMTMT.COM