S&P 500 · WMTMT

Aug 18, 2023May 21, 2024Feb 24, 2025Nov 19, 2025Aug 25, 2026

Breadth

408 / 503

stocks rose with the index

Concentration

27%

of the gain from NVDA, AAPL, MSFT

Biggest driver

NVDA +504

NVIDIA CORP, +392.99%

Biggest drag

UNH −15

UNITEDHEALTH GROUP INC, −15.44%

What drove it

503 members · drivers first · 3Y · residual 981.6bp exceeds 60bp gate

The S&P 500 rose 75.69% (+3,308 pts) over three years in a broad advance: 408 of 503 stocks rose, with NVDA out front at +504 points.

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

+3,481.4 pts from 383 gainers−162.2 pts from 120 losers

net +3,307.6 pts · gainers outweigh losers 21.5 to 1

Stock

Points

Return

S&P 500sum of all 503 stocks

+3,307.6

+75.69%

NVDANVIDIA CORP

+504.5

+392.99%

AAPLAPPLE INC

+218.3

+79.83%

MSFTMICROSOFT CORP

+175.5

+58.70%

AMZNAMAZON.COM INC

+170.3

+95.96%

AVGOBROADCOM INC

+149.9

+347.80%

GOOGLALPHABET INC CL A

+146.4

+174.64%

GOOGALPHABET INC CL C

+115.4

+170.38%

MUMICRON TECHNOLOGY INC

+103.3

+1,383.48%

AMDADVANCED MICRO DEVICES

+72.5

+354.41%

METAMETA PLATFORMS INC CLASS A

+63.2

+103.00%

JPMJPMORGAN CHASE + CO

+57.3

+154.68%

TSLATESLA INC

+52.8

+62.54%

LLYELI LILLY + CO

+52.0

+130.12%

PLTRPALANTIR TECHNOLOGIES INC A

+44.9

+1,099.51%

LRCXLAM RESEARCH CORP

+31.4

+394.89%

473 othersclick to expand the full index

+1,446.4

INTUINTUIT INC

−2.9

−24.99%

HUMHUMANA INC

−3.3

−17.59%

PEPPEPSICO INC

−3.4

−11.35%

LULULULULEMON ATHLETICA INC

−3.6

−68.97%

MNSTMONSTER BEVERAGE CORP

−3.6

−15.05%

UPSUNITED PARCEL SERVICE CL B

−4.2

−28.25%

CHTRCHARTER COMMUNICATIONS INC A

−4.3

−63.10%

MCDMCDONALD S CORP

−4.3

+2.13%

FISVFISERV INC

−5.3

−56.33%

CMCSACOMCAST CORP CLASS A

−5.4

−25.37%

ZTSZOETIS INC

−5.6

−55.96%

ACNACCENTURE PLC CL A

−6.6

−34.73%

ADBEADOBE INC

−8.1

−46.09%

NKENIKE INC CL B

−9.3

−59.91%

UNHUNITEDHEALTH GROUP INC

−15.0

−15.44%

Cap weighting, illustrated

APPLE INC and NEWS CORP CLASS B moved almost identically (+79.83% vs +69.58%), yet AAPL moved the S&P 500 1,271.4× 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 +3,308 pt move · cell size = points contributed · color = direction, intensity = return

NVDA+504.5 pts(+393.0%)

383 more+271.6 pts

AAPL+218.3 pts(+79.8%)

MSFT+175.5 pts(+58.7%)

AMZN+170.3 pts

AVGO+149.9 pts(+347.8%)

GOOGL+146.4 pts(+174.6%)

GOOG+115.4 pts

MU+103.3 pts(+1,383.5%)

AMD+72.5 pts

META+63.2 pts(+103.0%)

JPM+57.3 pts

TSLA

LLY

PLTR

LRCX+31.4 pts

INTC+30.5 pts

GE+27.1 pts

WMT+25.9 pts

PANW

CSCO

AMAT

BAC

SNDK

BRK-B

STX

CRWD

NFLX

RTX

KLAC

ANET

MRVL

WFC

AMGN

NEM

Concentration curve

cumulative share of the +3,308 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%

From −81.64% (TTD) to +2,946.85% (SNDK). Equal-weight, the S&P 500 would be +81.09% vs the actual +75.69%; the gap is what cap weighting did.

By sector

point contribution · sums to +3,308 pts

-503

+3,319.1

The year, session by session

every trading day of 2026 · hover for the move

JANFEBMARAPRMAYJUNJULAUG

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