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WHAT MOVED THE MARKET TODAY
DAILY NOTES

Magnificent Seven

7 stocks · cap-weighted, ETF-derived weights · Aug 25, 2026 close
67.63
−2.00 (−2.87%)
MAGS 67.63 · −2.0 pts (−2.87%) 3M
1D1W1MQTD3M6MYTD1Y2Y3Y5Y
68.8166.0063.1960.38EW −1.97%H 70.87 · May 28L 61.07 · Jun 25
May 26Jun 17Jul 13Aug 3Aug 25
Breadth
5 / 7
stocks fell with the index
Concentration
100%+
of the decline from TSLA, GOOGL, META
Biggest driver
TSLA −1.92
Tesla, Inc., −19.22%
Biggest offset
MSFT +1.66
Microsoft Corporation, +18.19%

What drove it

7 members · detractors first · 3M · residual 14.3bp within 60bp gate

The MAGS fell 2.87% (−2.00 pts) over the past three months, and more than all of that decline came from just three stocks: TSLA, GOOGL, META.

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

+2.3 pts from 3 gainers−4.3 pts from 4 losers
net −2.0 pts · losers outweigh gainers 1.8 to 1
Stock
Points
Return
MAGSsum of all 7 stocks
−2.0
100%
−2.87%
TSLATesla, Inc.
−1.9
96%
−19.22%
GOOGLAlphabet Inc.
−1.0
49%
−10.73%
METAMeta Platforms, Inc.
−1.0
48%
−6.82%
AMZNAmazon.com, Inc.
−0.4
21%
−1.59%
AAPLApple Inc.
+0.3
−16%
+0.51%
NVDANVIDIA Corporation
+0.3
−17%
−0.73%
MSFTMicrosoft Corporation
+1.7
−83%
+18.19%

Attribution map

slicing the −2.00 pt move · cell size = points contributed · color = direction, intensity = return
TSLA−1.9 pts(−19.2%)
MSFT+1.7 pts(+18.2%)
GOOGL−1.0 pts(−10.7%)
META−1.0 pts(−6.8%)
AMZN−0.4 pts(−1.6%)
NVDA+0.3 pts(−0.7%)
AAPL+0.3 pts(+0.5%)

Concentration curve

cumulative share of the −2.00 pt move · sorted by contribution
0%50%100%2457stocks:3 stocks = 193%100% covered at 2

When they drove it

cumulative points through the period
0TSLA −1.92GOOGL −0.97META −0.96MSFT +1.66NVDA +0.34AAPL +0.32May 26Aug 25

Breadth

member returns, this period
−20%−10%0%+10%
From −19.22% (TSLA) to +18.19% (MSFT). Equal-weight, the MAGS would be −1.97% vs the actual −2.87%; the gap is what cap weighting did.

By sector

point contribution · sums to −2.00 pts
Unknown7
−2.0

The year, session by session

every trading day of 2026 · hover for the move
JANFEBMARAPRMAYJUNJULAUG

Share this move

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