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WHAT MOVED THE MARKET TODAY
DAILY NOTES

Communication Services · Select Sector

24 stocks · cap-weighted, ETF-derived weights · Aug 25, 2026 close
113.17
+5.51 (+5.12%)
XLC 113.17 · +5.5 pts (+5.12%) 1M
1D1W1MQTD3M6MYTD1Y2Y3Y5Y
115.46113.10110.73108.36106.00EW +6.71%H 113.17 · Aug 25L 106.58 · Jul 30
Jul 27Aug 3Aug 11Aug 18Aug 25
Breadth
18 / 24
stocks rose with the index
Concentration
42%
of the gain from CMCSA, NFLX, GOOGL
Biggest driver
CMCSA +0.84
COMCAST CORP CLASS A, +18.86%
Biggest drag
META −0.77
META PLATFORMS INC CLASS A, −4.01%

What drove it

24 members · drivers first · 1M · residual 18.7bp within 60bp gate

The XLC rose 5.12% (+5.51 pts) on the month in a broad advance: 18 of 24 stocks rose, with CMCSA out front at +0.84 points.

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

+7.5 pts from 18 gainers−2.0 pts from 6 losers
net +5.5 pts · gainers outweigh losers 3.8 to 1
Stock
Points
Return
XLCsum of all 24 stocks
+5.5
100%
+5.12%
CMCSACOMCAST CORP CLASS A
+0.8
15%
+18.86%
NFLXNETFLIX INC
+0.8
14%
+16.80%
GOOGLALPHABET INC CL A
+0.7
13%
+6.25%
DISWALT DISNEY CO/THE
+0.7
13%
+15.10%
WBDWARNER BROS DISCOVERY INC
+0.7
12%
+14.32%
CHTRCHARTER COMMUNICATIONS INC A
+0.5
9%
+17.88%
FOXAFOX CORP CLASS A
+0.5
9%
+24.17%
GOOGALPHABET INC CL C
+0.5
9%
+5.14%
VZVERIZON COMMUNICATIONS INC
+0.4
7%
+6.13%
TAT+T INC
+0.3
6%
+5.49%
OMCOMNICOM GROUP
+0.3
6%
+7.02%
FOXFOX CORP CLASS B
+0.3
5%
+23.38%
NWSANEWS CORP CLASS A
+0.3
5%
+13.30%
PSKYPARAMOUNT SKYDANCE CL B
+0.2
3%
+32.88%
LYVLIVE NATION ENTERTAINMENT IN
+0.2
3%
+4.10%
TMUST MOBILE US INC
+0.1
3%
+2.48%
TKOTKO GROUP HOLDINGS INC
+0.1
2%
+5.76%
NWSNEWS CORP CLASS B
+0.1
2%
+13.68%
RDDTREDDIT INC CL A
−0.1
−1%
−9.40%
ECHOECHOSTAR CORP A
−0.1
−1%
−0.20%
TTWOTAKE TWO INTERACTIVE SOFTWRE
−0.3
−5%
−4.52%
TTDTRADE DESK INC/THE CLASS A
−0.3
−6%
−25.89%
APPAPPLOVIN CORP CLASS A
−0.5
−9%
−24.76%
METAMETA PLATFORMS INC CLASS A
−0.8
−14%
−4.01%
Cap weighting, illustrated

WALT DISNEY CO/THE and NEWS CORP CLASS B moved almost identically (+15.10% vs +13.68%), yet DIS moved the XLC 6.7× 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 +5.51 pt move · cell size = points contributed · color = direction, intensity = return
CMCSA+0.8 pts(+18.9%)
META−0.8 pts(−4.0%)
NFLX+0.8 pts(+16.8%)
GOOGL+0.7 pts(+6.2%)
DIS+0.7 pts(+15.1%)
WBD+0.7 pts(+14.3%)
CHTR+0.5 pts(+17.9%)
FOXA+0.5 pts(+24.2%)
GOOG+0.5 pts
APP−0.5 pts(−24.8%)
VZ+0.4 pts(+6.1%)
T+0.3 pts
TTD−0.3 pts
OMC+0.3 pts(+7.0%)
FOX+0.3 pts(+23.4%)
TTWO−0.3 pts(−4.5%)
NWSA+0.3 pts(+13.3%)
PSKY+0.2 pts
LYV+0.2 pts
TMUS
TKO+0.1 pts
NWS
ECHO
RDDT

Concentration curve

cumulative share of the +5.51 pt move · sorted by contribution
0%50%100%6121824stocks:3 stocks = 42%100% covered at 9

When they drove it

cumulative points through the period
0CMCSA +0.84NFLX +0.76GOOGL +0.72META −0.77APP −0.47TTD −0.32Jul 27Aug 25

Breadth

member returns, this period
−30%−10%+10%+30%
From −25.89% (TTD) to +32.88% (PSKY). Equal-weight, the XLC would be +6.71% vs the actual +5.12%; the gap is what cap weighting did.

By sector

point contribution · sums to +5.51 pts
-24
+5.5

The year, session by session

every trading day of 2026 · hover for the move
JANFEBMARAPRMAYJUNJULAUG

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