S&P 500 · WMTMT

Jun 30Jul 15Jul 29Aug 11Aug 25

Breadth

303 / 503

stocks rose with the index

Concentration

97%

of the gain from MSFT, NVDA, AMZN

Biggest driver

MSFT +101

MICROSOFT CORP, +31.82%

Biggest drag

INTC −29

INTEL CORP, −37.35%

What drove it

503 members · drivers first · QTD · residual 4.0bp within 60bp gate

The S&P 500 rose 2.37% (+178 pts) so far this quarter, and 97% of that gain came from just three stocks: MSFT, NVDA, AMZN.

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

+532.0 pts from 288 gainers−353.5 pts from 215 losers

net +177.9 pts · gainers outweigh losers 1.5 to 1

Stock

Points

Return

S&P 500sum of all 503 stocks

+177.9

+2.37%

MSFTMICROSOFT CORP

+101.4

+31.82%

NVDANVIDIA CORP

+41.9

+6.48%

AMZNAMAZON.COM INC

+28.9

+9.53%

AAPLAPPLE INC

+22.5

+7.10%

PLTRPALANTIR TECHNOLOGIES INC A

+14.6

+48.05%

XOMEXXONMOBIL HOLDINGS CORP

+14.1

+17.48%

JPMJPMORGAN CHASE + CO

+9.7

+9.46%

CVXCHEVRON CORP

+9.0

+20.60%

MRKMERCK + CO. INC.

+8.0

+21.75%

MAMASTERCARD INC A

+7.4

+16.87%

VVISA INC CLASS A SHARES

+6.8

+11.93%

TMOTHERMO FISHER SCIENTIFIC INC

+5.8

+25.29%

NEMNEWMONT CORP

+5.4

+44.69%

NFLXNETFLIX INC

+5.3

+15.17%

ABTABBOTT LABORATORIES

+5.1

+28.86%

473 othersclick to expand the full index

+110.7

GOOGALPHABET INC CL C

−6.6

−2.83%

GEVGE VERNOVA INC

−7.0

−21.20%

GOOGLALPHABET INC CL A

−8.4

−2.91%

MNSTMONSTER BEVERAGE CORP

−9.5

−49.30%

GLWCORNING INC

−9.5

−42.38%

SNDKSANDISK CORP

−11.0

−34.87%

AVGOBROADCOM INC

−12.2

−5.56%

CATCATERPILLAR INC

−13.0

−23.70%

AMDADVANCED MICRO DEVICES

−13.7

−17.51%

LRCXLAM RESEARCH CORP

−15.4

−27.39%

KLACKLA CORP

−17.2

−39.23%

TSLATESLA INC

−19.9

−16.73%

AMATAPPLIED MATERIALS INC

−21.7

−33.60%

MUMICRON TECHNOLOGY INC

−23.8

−19.16%

INTCINTEL CORP

−29.1

−37.35%

Cap weighting, illustrated

NVIDIA CORP and BROWN FORMAN CORP CLASS B moved almost identically (+6.48% vs +5.74%), yet NVDA moved the S&P 500 4,186.3× 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 +178 pt move · cell size = points contributed · color = direction, intensity = return

MSFT+101.4 pts(+31.8%)

NVDA+41.9 pts(+6.5%)

383 more+37.0 pts

INTC−29.1 pts

AMZN+28.9 pts

MU−23.8 pts

AAPL+22.5 pts

AMAT−21.7 pts

TSLA−19.9 pts

KLAC−17.2 pts

LRCX

PLTR+14.6 pts(+48.1%)

XOM+14.1 pts(+17.5%)

AMD−13.7 pts(−17.5%)

CAT−13.0 pts(−23.7%)

AVGO−12.2 pts

SNDK−11.0 pts

JPM+9.7 pts

MNST−9.5 pts

CVX

GOOGL

MA+7.4 pts

GEV−7.0 pts

GOOG

APP

IBM

NFLX

MRVL

ABT

AMGN

JNJ

LLY

BAC

CRM

MPC

TXN

SCHW

Concentration curve

cumulative share of the +178 pt move · sorted by contribution

When they drove it

cumulative points through the period

Breadth

member returns, this period

−50%0%+50%+100%

From −49.30% (MNST) to +126.80% (MRNA). Equal-weight, the S&P 500 would be +4.84% vs the actual +2.37%; the gap is what cap weighting did.

By sector

point contribution · sums to +178 pts

-503

+178.5

The year, session by session

every trading day of 2026 · hover for the move

JANFEBMARAPRMAYJUNJULAUG

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