MAGS · WMTMT

Jul 13Aug 4Aug 26Sep 17Oct 9

Breadth

5 / 7

stocks rose with the index

Concentration

96%

of the gain from MSFT, TSLA, NVDA

Biggest driver

MSFT +2.92

Microsoft Corporation, +37.11%

Biggest drag

META −1.15

Meta Platforms, Inc., +9.43%

What drove it

7 members · drivers first · 3M · residual 146.4bp exceeds 60bp gate

The MAGS rose 10.06% (+6.74 pts) over the past three months, and 96% of that gain came from just three stocks: MSFT, TSLA, NVDA.

Read the latest market-close note: Goldman and Microsoft Push the Dow to a Large Gain While Telecoms Sink Communication Services

+7.7 pts from 6 gainers−1.2 pts from 1 losers

net +6.7 pts · gainers outweigh losers 6.7 to 1

Stock

Points

Return

MAGSsum of all 7 stocks

+6.7

+10.06%

MSFTMicrosoft Corporation

+2.9

+37.11%

TSLATesla, Inc.

+1.9

−3.06%

NVDANVIDIA Corporation

+1.6

+12.65%

AAPLApple Inc.

+1.0

+6.18%

AMZNAmazon.com, Inc.

+0.2

+6.11%

GOOGLAlphabet Inc.

+0.1

−0.24%

METAMeta Platforms, Inc.

−1.2

+9.43%

Cap weighting, illustrated

Apple Inc. and Amazon.com, Inc. moved almost identically (+6.18% vs +6.11%), yet AAPL moved the MAGS 4.5× as much. In a cap-weighted index, the bigger company's weight turns the same percentage move into far more points.

Attribution map

slicing the +6.74 pt move · cell size = points contributed · color = direction, intensity = return

MSFT+2.9 pts(+37.1%)

TSLA+1.9 pts(−3.1%)

NVDA+1.6 pts(+12.7%)

META−1.2 pts(+9.4%)

AAPL+1.0 pts(+6.2%)

AMZN

GOOGL

Concentration curve

cumulative share of the +6.74 pt move · sorted by contribution

When they drove it

cumulative points through the period

Breadth

member returns, this period

−5%+5%+15%+25%+35%

From −3.06% (TSLA) to +37.11% (MSFT). Equal-weight, the MAGS would be +10.59% vs the actual +10.06%; the gap is what cap weighting did.

By sector

point contribution · sums to +6.74 pts

Unknown7

+6.6

The year, session by session

every trading day of 2026 · hover for the move

JANFEBMARAPRMAYJUNJULAUGSEPOCT

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Magnificent Seven

What drove it

Attribution map

Concentration curve

When they drove it

Breadth

By sector

The year, session by session

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