S&P 500 · WMTMT

Feb 24Apr 10May 26Jul 13Aug 25

Breadth

311 / 503

stocks rose with the index

Concentration

31%

of the gain from MSFT, AMZN, NVDA

Biggest driver

MSFT +103

MICROSOFT CORP, +26.68%

Biggest drag

TSLA −15

TESLA INC, −14.44%

What drove it

503 members · drivers first · 6M · residual 89.7bp exceeds 60bp gate

The S&P 500 rose 11.43% (+787 pts) over the past six months on a mixed tape; MSFT, AMZN, NVDA did most of the lifting, with 31% of the gain between them.

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

+998.2 pts from 278 gainers−210.4 pts from 225 losers

net +787.2 pts · gainers outweigh losers 4.7 to 1

Stock

Points

Return

S&P 500sum of all 503 stocks

+787.2

+11.43%

MSFTMICROSOFT CORP

+103.2

+26.68%

AMZNAMAZON.COM INC

+74.5

+25.17%

NVDANVIDIA CORP

+68.2

+10.61%

AAPLAPPLE INC

+65.5

+13.98%

MUMICRON TECHNOLOGY INC

+57.0

+123.30%

AMDADVANCED MICRO DEVICES

+48.3

+124.08%

GOOGLALPHABET INC CL A

+22.4

+11.74%

LLYELI LILLY + CO

+21.8

+18.58%

INTCINTEL CORP

+21.8

+89.68%

PANWPALO ALTO NETWORKS INC

+19.9

+139.92%

GOOGALPHABET INC CL C

+16.7

+10.57%

AVGOBROADCOM INC

+15.7

+10.00%

JPMJPMORGAN CHASE + CO

+15.6

+20.59%

CSCOCISCO SYSTEMS INC

+13.5

+42.95%

UNHUNITEDHEALTH GROUP INC

+13.3

+46.71%

473 othersclick to expand the full index

+300.9

LMTLOCKHEED MARTIN CORP

−2.8

−15.24%

NOCNORTHROP GRUMMAN CORP

−3.3

−25.12%

NKENIKE INC CL B

−3.3

−37.45%

COSTCOSTCO WHOLESALE CORP

−3.4

−3.71%

PEPPEPSICO INC

−4.1

−14.45%

LOWLOWE S COS INC

−4.4

−22.59%

PGPROCTER + GAMBLE CO/THE

−4.4

−11.37%

BSXBOSTON SCIENTIFIC CORP

−5.2

−33.66%

MCDMCDONALD S CORP

−5.3

−18.51%

HDHOME DEPOT INC

−5.5

−10.87%

ISRGINTUITIVE SURGICAL INC

−6.1

−24.73%

MNSTMONSTER BEVERAGE CORP

−7.7

−43.03%

METAMETA PLATFORMS INC CLASS A

−9.4

−10.68%

WMTWALMART INC

−10.9

−16.53%

TSLATESLA INC

−15.0

−14.44%

Cap weighting, illustrated

NVIDIA CORP and SKYWORKS SOLUTIONS INC moved almost identically (+10.61% vs +10.62%), yet NVDA moved the S&P 500 3,745.3× 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 +787 pt move · cell size = points contributed · color = direction, intensity = return

MSFT+103.2 pts(+26.7%)

AMZN+74.5 pts(+25.2%)

NVDA+68.2 pts(+10.6%)

AAPL+65.5 pts(+14.0%)

MU+57.0 pts(+123.3%)

AMD+48.3 pts(+124.1%)

GOOGL+22.4 pts(+11.7%)

LLY+21.8 pts

INTC+21.8 pts

PANW+19.9 pts

GOOG

AVGO+15.7 pts

JPM+15.6 pts

TSLA

CSCO

UNH

CRWD+12.3 pts

PLTR+12.2 pts

MRVL

383 more

DELL

STX

WMT

MRK+8.9 pts

BAC+8.6 pts

XOM

MNST

LRCX

ANET

WDC

ISRG

BSX

DDOG

VLO

TMO

LOW

HOOD

CVX

BNY

AMGN

Concentration curve

cumulative share of the +787 pt move · sorted by contribution

When they drove it

cumulative points through the period

Breadth

member returns, this period

−50%+50%+150%+250%

From −46.87% (TTD) to +277.85% (DELL). Equal-weight, the S&P 500 would be +10.74% vs the actual +11.43%; the gap is what cap weighting did.

By sector

point contribution · sums to +787 pts

-503

+787.8

The year, session by session

every trading day of 2026 · hover for the move

JANFEBMARAPRMAYJUNJULAUG

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