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WHAT MOVED THE MARKET TODAY
DAILY NOTES

Magnificent Seven

7 stocks · cap-weighted, ETF-derived weights · Oct 9, 2026 close
73.73
+7.77 (+11.78%)
MAGS 73.73 · +7.8 pts (+11.78%) YTD
1D1W1MQTD3M6MYTD1Y2Y3Y5Y
76.8771.1565.4359.7153.99EW +14.27%H 73.90 · Oct 6L 55.39 · Mar 30
Dec 31Mar 13May 21Aug 3Oct 9
Breadth
6 / 7
stocks rose with the index
Concentration
100%+
of the gain from TSLA, AAPL, NVDA
Biggest driver
TSLA +3.55
Tesla, Inc., −14.90%
Biggest drag
META −3.30
Meta Platforms, Inc., +9.06%

What drove it

7 members · drivers first · YTD · residual 208.3bp exceeds 60bp gate

The MAGS rose 11.78% (+7.77 pts) so far this year, and more than all of that gain came from just three stocks: TSLA, AAPL, NVDA.

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

+11.1 pts from 6 gainers−3.3 pts from 1 losers
net +7.8 pts · gainers outweigh losers 3.4 to 1
Stock
Points
Return
MAGSsum of all 7 stocks
+7.8
100%
+11.78%
TSLATesla, Inc.
+3.5
46%
−14.90%
AAPLApple Inc.
+3.1
40%
+24.06%
NVDANVIDIA Corporation
+2.1
27%
+23.09%
GOOGLAlphabet Inc.
+1.6
20%
+12.50%
AMZNAmazon.com, Inc.
+0.5
6%
+13.69%
MSFTMicrosoft Corporation
+0.3
3%
+11.13%
METAMeta Platforms, Inc.
−3.3
−43%
+9.06%
Cap weighting, illustrated

Alphabet Inc. and Microsoft Corporation moved almost identically (+12.50% vs +11.13%), yet GOOGL moved the MAGS 6.1× 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 +7.77 pt move · cell size = points contributed · color = direction, intensity = return
TSLA+3.5 pts(−14.9%)
META−3.3 pts(+9.1%)
AAPL+3.1 pts(+24.1%)
NVDA+2.1 pts(+23.1%)
GOOGL+1.6 pts(+12.5%)
AMZN+0.5 pts(+13.7%)
MSFT+0.3 pts(+11.1%)

Concentration curve

cumulative share of the +7.77 pt move · sorted by contribution
0%50%100%2457stocks:3 stocks = 113%100% covered at 3

When they drove it

cumulative points through the period
0TSLA +3.55AAPL +3.12NVDA +2.11META −3.30Dec 31Oct 9

Breadth

member returns, this period
−15%−5%+5%+15%
From −14.90% (TSLA) to +24.06% (AAPL). Equal-weight, the MAGS would be +14.27% vs the actual +11.78%; the gap is what cap weighting did.

By sector

point contribution · sums to +7.77 pts
Unknown7
+7.8

The year, session by session

every trading day of 2026 · hover for the move
JANFEBMARAPRMAYJUNJULAUGSEPOCT

Share this move

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SESSIONSETTLEDBOARDMAGS YTDMEMBERS7RESIDUAL208.3BP / 60BP GATESRCNASDAQ · CBOE · ALPHA VANTAGEWMTMT.COM