WMTMT
WHAT MOVED THE MARKET TODAY

Magnificent Seven

7 stocks · cap-weighted, ETF-derived weights · Aug 25, 2026 close
67.63
+0.89 (+1.33%)
MAGS 67.63 · +0.9 pts (+1.33%) 1W
68.0167.6767.3367.00EW +1.38%H 67.93 · 12:00L 66.74 · open
Aug 19Aug 20Aug 21Aug 24Aug 25
30-minute bars · index reconstructed live from member prices
Breadth
5 / 7
stocks rose with the index
Concentration
100%+
of the gain from TSLA, META, MSFT
Biggest driver
TSLA +0.43
Tesla, Inc., +3.97%
Biggest drag
NVDA −0.25
NVIDIA Corporation, −3.04%

What drove it

7 members · drivers first · 1W · residual 16.7bp within 60bp gate

The MAGS rose 1.33% (+0.89 pts) on the week, and more than all of that gain came from just three stocks: TSLA, META, MSFT.

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

+1.1 pts from 6 gainers0.3 pts from 1 losers
net +0.9 pts · gainers outweigh losers 4.5 to 1
Stock
Points
Return
MAGSsum of all 7 stocks
+0.9
100%
+1.33%
TSLATesla, Inc.
+0.4
48%
+3.97%
METAMeta Platforms, Inc.
+0.4
41%
+4.85%
MSFTMicrosoft Corporation
+0.2
27%
+2.29%
AMZNAmazon.com, Inc.
+0.1
6%
+0.62%
GOOGLAlphabet Inc.
+0.0
5%
+0.80%
AAPLApple Inc.
+0.0
1%
−0.04%
NVDANVIDIA Corporation
−0.3
−28%
−3.04%

Attribution map

slicing the +0.89 pt move · cell size = points contributed · color = direction, intensity = return
TSLA+0.4 pts(+4.0%)
META+0.4 pts(+4.9%)
NVDA−0.3 pts(−3.0%)
MSFT+0.2 pts(+2.3%)
AMZN+0.1 pts(+0.6%)
GOOGL+0.0 pts(+0.8%)

Concentration curve

cumulative share of the +0.89 pt move · sorted by contribution
0%50%100%2457stocks:3 stocks = 116%100% covered at 3

When they drove it

cumulative points through the period
0TSLA +0.43META +0.36MSFT +0.24NVDA −0.25Aug 18Aug 25

Breadth

member returns, this period
−4%−2%0%+2%+4%
From −3.04% (NVDA) to +4.85% (META). Equal-weight, the MAGS would be +1.38% vs the actual +1.33%; the gap is what cap weighting did.

By sector

point contribution · sums to +0.89 pts
Unknown7
+0.9

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 1WMEMBERS7RESIDUAL16.7BP / 60BP GATESRCNASDAQ · CBOE · ALPHA VANTAGEWMTMT.COM