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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
+5.32 (+8.54%)
MAGS 67.63 · +5.3 pts (+8.54%) 6M
1D1W1MQTD3M6MYTD1Y2Y3Y5Y
72.6368.0463.4558.8554.26EW +10.43%H 70.94 · May 14L 55.39 · Mar 30
Feb 24Apr 10May 26Jul 13Aug 25
Breadth
5 / 7
stocks rose with the index
Concentration
100%+
of the gain from MSFT, AMZN, NVDA
Biggest driver
MSFT +2.67
Microsoft Corporation, +26.68%
Biggest drag
META −1.44
Meta Platforms, Inc., −10.68%

What drove it

7 members · drivers first · 6M · residual 6.9bp within 60bp gate

The MAGS rose 8.54% (+5.32 pts) over the past six months, and more than all of that gain came from just three stocks: MSFT, AMZN, NVDA.

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

+7.8 pts from 5 gainers−2.4 pts from 2 losers
net +5.3 pts · gainers outweigh losers 3.2 to 1
Stock
Points
Return
MAGSsum of all 7 stocks
+5.3
100%
+8.54%
MSFTMicrosoft Corporation
+2.7
50%
+26.68%
AMZNAmazon.com, Inc.
+2.2
41%
+25.17%
NVDANVIDIA Corporation
+1.6
29%
+10.61%
AAPLApple Inc.
+1.1
21%
+13.98%
GOOGLAlphabet Inc.
+0.2
5%
+11.74%
TSLATesla, Inc.
−1.0
−18%
−14.44%
METAMeta Platforms, Inc.
−1.4
−27%
−10.68%
Cap weighting, illustrated

NVIDIA Corporation and Alphabet Inc. moved almost identically (+10.61% vs +11.74%), yet NVDA moved the MAGS 6.4× 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 +5.32 pt move · cell size = points contributed · color = direction, intensity = return
MSFT+2.7 pts(+26.7%)
AMZN+2.2 pts(+25.2%)
NVDA+1.6 pts(+10.6%)
META−1.4 pts(−10.7%)
AAPL+1.1 pts(+14.0%)
TSLA−1.0 pts(−14.4%)
GOOGL+0.2 pts

Concentration curve

cumulative share of the +5.32 pt move · sorted by contribution
0%50%100%2457stocks:3 stocks = 121%100% covered at 3

When they drove it

cumulative points through the period
0MSFT +2.67AMZN +2.20NVDA +1.55META −1.44TSLA −0.98Feb 24Aug 25

Breadth

member returns, this period
−15%−5%+5%+15%+25%
From −14.44% (TSLA) to +26.68% (MSFT). Equal-weight, the MAGS would be +10.43% vs the actual +8.54%; the gap is what cap weighting did.

By sector

point contribution · sums to +5.32 pts
Unknown7
+5.4

The year, session by session

every trading day of 2026 · hover for the move
JANFEBMARAPRMAYJUNJULAUG

Share this move

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