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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
+3.33 (+5.18%)
MAGS 67.63 · +3.3 pts (+5.18%) QTD
1D1W1MQTD3M6MYTD1Y2Y3Y5Y
69.6367.6565.6763.6961.71EW +5.49%H 69.14 · Aug 7L 62.56 · Jul 29
Jun 30Jul 15Jul 29Aug 11Aug 25
Breadth
5 / 7
stocks rose with the index
Concentration
100%+
of the gain from MSFT, AAPL, NVDA
Biggest driver
MSFT +2.89
Microsoft Corporation, +31.82%
Biggest drag
TSLA −1.71
Tesla, Inc., −16.73%

What drove it

7 members · drivers first · QTD · residual 0.7bp within 60bp gate

The MAGS rose 5.18% (+3.33 pts) so far this quarter, and more than all of that gain came from just three stocks: MSFT, AAPL, NVDA.

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

+5.5 pts from 4 gainers−2.1 pts from 3 losers
net +3.3 pts · gainers outweigh losers 2.7 to 1
Stock
Points
Return
MAGSsum of all 7 stocks
+3.3
100%
+5.18%
MSFTMicrosoft Corporation
+2.9
87%
+31.82%
AAPLApple Inc.
+1.1
33%
+7.10%
NVDANVIDIA Corporation
+0.8
24%
+6.48%
AMZNAmazon.com, Inc.
+0.7
21%
+9.53%
METAMeta Platforms, Inc.
−0.1
−2%
+1.20%
GOOGLAlphabet Inc.
−0.3
−9%
−2.91%
TSLATesla, Inc.
−1.7
−51%
−16.73%

Attribution map

slicing the +3.33 pt move · cell size = points contributed · color = direction, intensity = return
MSFT+2.9 pts(+31.8%)
TSLA−1.7 pts(−16.7%)
AAPL+1.1 pts(+7.1%)
NVDA+0.8 pts(+6.5%)
AMZN+0.7 pts(+9.5%)
GOOGL−0.3 pts(−2.9%)

Concentration curve

cumulative share of the +3.33 pt move · sorted by contribution
0%50%100%2457stocks:3 stocks = 144%100% covered at 2

When they drove it

cumulative points through the period
0MSFT +2.89AAPL +1.11NVDA +0.80TSLA −1.71GOOGL −0.29META −0.07Jun 30Aug 25

Breadth

member returns, this period
−20%−10%0%+10%+20%+30%
From −16.73% (TSLA) to +31.82% (MSFT). Equal-weight, the MAGS would be +5.49% vs the actual +5.18%; the gap is what cap weighting did.

By sector

point contribution · sums to +3.33 pts
Unknown7
+3.5

The year, session by session

every trading day of 2026 · hover for the move
JANFEBMARAPRMAYJUNJULAUG

Share this move

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