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WHAT MOVED THE MARKET TODAY
DAILY NOTES

Materials · Select Sector

25 stocks · cap-weighted, ETF-derived weights · Aug 25, 2026 close
53.59
+8.24 (+18.16%)
XLB 53.59 · +8.2 pts (+18.16%) YTD
1D1W1MQTD3M6MYTD1Y2Y3Y5Y
56.7153.6850.6647.63EW +22.78%H 53.62 · Feb 11L 45.35 · Dec 31
Dec 31Mar 3Apr 29Jun 29Aug 25
Breadth
21 / 25
stocks rose with the index
Concentration
47%
of the gain from NEM, FCX, LIN
Biggest driver
NEM +1.58
NEWMONT CORP, +35.97%
Biggest drag
ALB −0.64
ALBEMARLE CORP, −5.37%

What drove it

25 members · drivers first · YTD · residual 55.8bp within 60bp gate

The XLB rose 18.16% (+8.24 pts) so far this year in a broad advance: 21 of 25 stocks rose, with NEM out front at +1.58 points.

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

+10.0 pts from 21 gainers−1.5 pts from 4 losers
net +8.2 pts · gainers outweigh losers 6.5 to 1
Stock
Points
Return
XLBsum of all 25 stocks
+8.2
100%
+18.16%
NEMNEWMONT CORP
+1.6
19%
+35.97%
FCXFREEPORT MCMORAN INC
+1.4
17%
+58.05%
LINLINDE PLC
+0.8
10%
+15.00%
NUENUCOR CORP
+0.8
10%
+52.63%
APDAIR PRODUCTS + CHEMICALS INC
+0.6
7%
+25.39%
IFFINTL FLAVORS + FRAGRANCES
+0.6
7%
+30.78%
STLDSTEEL DYNAMICS INC
+0.6
7%
+37.09%
SHWSHERWIN WILLIAMS CO/THE
+0.5
6%
+8.67%
CTVACORTEVA INC
+0.5
6%
+24.45%
SWSMURFIT WESTROCK PLC
+0.4
5%
+30.49%
PKGPACKAGING CORP OF AMERICA
+0.4
4%
+21.02%
ECLECOLAB INC
+0.4
4%
+10.88%
PPGPPG INDUSTRIES INC
+0.3
4%
+12.32%
AMCRAMCOR PLC
+0.3
4%
+16.74%
CFCF INDUSTRIES HOLDINGS INC
+0.3
4%
+66.02%
BALLBALL CORP
+0.2
3%
+21.79%
AVYAVERY DENNISON CORP
+0.1
1%
+0.01%
LYBLYONDELLBASELL INDU CL A
+0.1
1%
+47.66%
MOSMOSAIC CO/THE
+0.0
1%
+2.59%
VMCVULCAN MATERIALS CO
+0.0
0%
−3.56%
IPINTERNATIONAL PAPER CO
+0.0
0%
+6.66%
DOWDOW INC
−0.0
0%
+31.82%
MLMMARTIN MARIETTA MATERIALS
−0.3
−4%
−14.38%
CRHCRH PLC
−0.6
−7%
−22.34%
ALBALBEMARLE CORP
−0.6
−8%
−5.37%
Cap weighting, illustrated

NEWMONT CORP and DOW INC moved almost identically (+35.97% vs +31.82%), yet NEM moved the XLB 158.4× 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 +8.24 pt move · cell size = points contributed · color = direction, intensity = return
NEM+1.6 pts(+36.0%)
FCX+1.4 pts(+58.1%)
LIN+0.8 pts(+15.0%)
NUE+0.8 pts(+52.6%)
ALB−0.6 pts(−5.4%)
APD+0.6 pts(+25.4%)
IFF+0.6 pts(+30.8%)
STLD+0.6 pts
CRH−0.6 pts(−22.3%)
SHW+0.5 pts(+8.7%)
CTVA+0.5 pts
SW+0.4 pts
PKG+0.4 pts(+21.0%)
ECL+0.4 pts(+10.9%)
MLM−0.3 pts(−14.4%)
PPG+0.3 pts(+12.3%)
AMCR+0.3 pts
CF+0.3 pts
BALL+0.2 pts(+21.8%)
AVY
LYB

Concentration curve

cumulative share of the +8.24 pt move · sorted by contribution
0%50%100%6131925stocks:3 stocks = 47%100% covered at 12

When they drove it

cumulative points through the period
0NEM +1.58FCX +1.43LIN +0.84ALB −0.64CRH −0.55MLM −0.33Dec 31Aug 25

Breadth

member returns, this period
−25%0%+25%+50%
From −22.34% (CRH) to +66.02% (CF). Equal-weight, the XLB would be +22.78% vs the actual +18.16%; the gap is what cap weighting did.

By sector

point contribution · sums to +8.24 pts
-25
+8.4

The year, session by session

every trading day of 2026 · hover for the move
JANFEBMARAPRMAYJUNJULAUG

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