S&P 500 · WMTMT

Jun 2Jun 9Jun 17Jun 25Jul 2

Breadth

178 / 502

stocks fell with the index

Concentration

100%+

of the decline from NVDA, AVGO, MSFT

Biggest driver

NVDA −76

NVIDIA CORP, −12.46%

Biggest offset

AMAT +15

APPLIED MATERIALS INC, +23.06%

What drove it

502 members · detractors first · 1M · residual 10.9bp within 60bp gate

The S&P 500 fell 1.66% (−127 pts) on the month, but 324 of 502 members went the other way. NVDA and AVGO dragged the tape lower, contributing more than the entire move.

+286.5 pts from 324 gainers−417.5 pts from 178 losers

net −126.5 pts · losers outweigh gainers 1.5 to 1

Stock

Points

Return

S&P 500sum of all 502 stocks

−126.5

−1.66%

NVDANVIDIA CORP

−75.5

−12.46%

AVGOBROADCOM INC

−63.0

−25.03%

MSFTMICROSOFT CORP

−57.6

−11.52%

AMZNAMAZON.COM INC

−24.5

−5.40%

AAPLAPPLE INC

−20.7

−2.08%

ORCLORACLE CORP

−19.7

−42.32%

TSLATESLA INC

−13.7

−7.15%

METAMETA PLATFORMS INC CLASS A

−9.5

−2.38%

PLTRPALANTIR TECHNOLOGIES INC A

−7.9

−15.03%

QCOMQUALCOMM INC

−6.5

−26.54%

CSCOCISCO SYSTEMS INC

−5.7

−11.96%

IBMINTL BUSINESS MACHINES CORP

−5.3

−12.06%

NFLXNETFLIX INC

−4.0

−6.82%

APPAPPLOVIN CORP CLASS A

−3.9

−12.97%

CRMSALESFORCE INC

−3.7

−17.07%

472 othersclick to expand the full index

+72.7

HDHOME DEPOT INC

+5.0

+15.75%

BACBANK OF AMERICA CORP

+5.0

+13.30%

GEVGE VERNOVA INC

+5.6

+14.85%

BRK-BBERKSHIRE HATHAWAY INC CL B

+6.0

+7.69%

CATCATERPILLAR INC

+6.0

+5.90%

LRCXLAM RESEARCH CORP

+6.4

+5.16%

VVISA INC CLASS A SHARES

+7.0

+14.12%

KLACKLA CORP

+7.1

+15.17%

GEGENERAL ELECTRIC

+7.1

+18.82%

ABBVABBVIE INC

+8.4

+21.20%

LLYELI LILLY + CO

+9.1

+14.07%

JNJJOHNSON + JOHNSON

+9.3

+18.01%

INTCINTEL CORP

+9.9

+11.51%

JPMJPMORGAN CHASE + CO

+10.9

+11.13%

AMATAPPLIED MATERIALS INC

+14.8

+23.06%

Cap weighting, illustrated

TESLA INC and EMCOR GROUP INC moved almost identically (−7.15% vs −6.36%), yet TSLA moved the S&P 500 1,365.9× 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 −127 pt move · cell size = points contributed · color = direction, intensity = return

NVDA−75.5

AVGO−63.0

MSFT−57.6

382 more+36.1

AMZN−24.5

AAPL−20.7

ORCL−19.7

AMAT+14.8

TSLA−13.7

JPM+10.9

INTC+9.9

META−9.5

JNJ+9.3

LLY

ABBV+8.4

PLTR−7.9

KLAC

LRCX+6.4

CAT+6.0

BRK-B

CSCO

GEV

IBM

BAC

SNDK

NFLX

MRK

UNH

RTX

ACN

CIEN

VRTX

AMGN

LITE

Concentration curve

cumulative share of the −127 pt move · sorted by contribution

When they drove it

cumulative points through the period

Breadth

member returns, this period

−50%−25%0%+25%+50%

From −45.74% (SMCI) to +74.76% (MRNA). Equal-weight, the S&P 500 would be +3.11% vs the actual −1.66%; the gap is what cap weighting did.

By sector

point contribution · sums to −127 pts

-502

−131.0

The year, session by session

every trading day of 2026 · hover for the move; day pages come next

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