S&P 500 · WMTMT

Oct 4, 2023Jul 9, 2024Apr 9, 2025Jan 7, 2026Oct 9, 2026

Breadth

398 / 503

stocks rose with the index

Concentration

29%

of the gain from NVDA, AAPL, MSFT

Biggest driver

NVDA +597

NVIDIA CORP, +421.56%

Biggest drag

UNH −18

UNITEDHEALTH GROUP INC, −21.36%

What drove it

503 members · drivers first · 3Y · residual 1000.5bp exceeds 60bp gate

The S&P 500 rose 83.21% (+3,548 pts) over three years in a broad advance: 398 of 503 stocks rose, with NVDA out front at +597 points.

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

+3,704.7 pts from 387 gainers−174.2 pts from 116 losers

net +3,547.8 pts · gainers outweigh losers 21.3 to 1

Stock

Points

Return

S&P 500sum of all 503 stocks

+3,547.8

+83.21%

NVDANVIDIA CORP

+596.8

+421.56%

AAPLAPPLE INC

+272.7

+96.28%

MSFTMICROSOFT CORP

+164.3

+71.36%

AVGOBROADCOM INC

+160.8

+352.43%

AMZNAMAZON.COM INC

+158.6

+106.64%

GOOGLALPHABET INC CL A

+132.9

+162.35%

MUMICRON TECHNOLOGY INC

+127.7

+1,427.59%

AMDADVANCED MICRO DEVICES

+108.3

+484.32%

GOOGALPHABET INC CL C

+105.6

+157.54%

METAMETA PLATFORMS INC CLASS A

+87.3

+137.22%

PLTRPALANTIR TECHNOLOGIES INC A

+53.1

+1,228.99%

JPMJPMORGAN CHASE + CO

+52.7

+147.07%

LRCXLAM RESEARCH CORP

+36.3

+416.18%

AMATAPPLIED MATERIALS INC

+34.0

+272.26%

INTCINTEL CORP

+33.7

+196.34%

473 othersclick to expand the full index

+1,501.6

MCDMCDONALD S CORP

−2.6

−1.84%

MNSTMONSTER BEVERAGE CORP

−2.7

−16.61%

PEPPEPSICO INC

−3.2

−17.79%

UPSUNITED PARCEL SERVICE CL B

−3.4

−28.44%

ORCLORACLE CORP

−3.4

+37.26%

LULULULULEMON ATHLETICA INC

−4.3

−74.47%

FISVFISERV INC

−4.4

−59.61%

ZTSZOETIS INC

−4.6

−54.76%

CHTRCHARTER COMMUNICATIONS INC A

−6.0

−76.12%

ACNACCENTURE PLC CL A

−7.0

−28.60%

CMCSACOMCAST CORP CLASS A

−7.6

−40.50%

INTUINTUIT INC

−8.6

−40.33%

NKENIKE INC CL B

−9.2

−61.60%

ADBEADOBE INC

−11.1

−53.27%

UNHUNITEDHEALTH GROUP INC

−17.6

−21.36%

Cap weighting, illustrated

TESLA INC and GODADDY INC CLASS A moved almost identically (+46.54% vs +41.49%), yet TSLA moved the S&P 500 2,773.8× 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 +3,548 pt move · cell size = points contributed · color = direction, intensity = return

NVDA+596.8 pts(+421.6%)

383 more+286.0 pts

AAPL+272.7 pts(+96.3%)

MSFT+164.3 pts

AVGO+160.8 pts

AMZN+158.6 pts(+106.6%)

GOOGL+132.9 pts(+162.3%)

MU+127.7 pts

AMD+108.3 pts(+484.3%)

GOOG+105.6 pts(+157.5%)

META+87.3 pts

PLTR

JPM

LRCX

INTC+33.7 pts

ABBV+33.6 pts

TSLA

WMT

SNDK

GEV

CAT

PANW

CRWD

KLAC

NFLX

DELL

UNH

BRK-B

WFC

WDC

Concentration curve

cumulative share of the +3,548 pt move · sorted by contribution

When they drove it

cumulative points through the period

Breadth

member returns, this period

−100%+100%+300%+500%+700%+900%+1,100%+1,300%+1,500%+1,700%+1,900%+2,100%+2,300%+2,500%+2,700%+2,900%+3,100%

From −76.12% (CHTR) to +3,154.77% (SNDK). Equal-weight, the S&P 500 would be +82.78% vs the actual +83.21%; the gap is what cap weighting did.

By sector

point contribution · sums to +3,548 pts

-503

+3,530.5

The year, session by session

every trading day of 2026 · hover for the move

JANFEBMARAPRMAYJUNJULAUGSEPOCT

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