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WHAT MOVED THE MARKET TODAY
DAILY NOTES

Communication Services · Select Sector

22 stocks · cap-weighted, ETF-derived weights · Oct 9, 2026 close
110.36
+0.04 (+0.04%)
XLC 110.36 · +0.0 pts (+0.04%) 1W
1D1W1MQTD3M6MYTD1Y2Y3Y5Y
112.94112.23111.52110.81EW +0.05%H 112.07 · 15:55L 110.32 · open
Oct 5Oct 6Oct 7Oct 8Oct 9
30-minute bars · index reconstructed live from member prices
Breadth
14 / 22
stocks rose with the index
Concentration
100%+
of the gain from NFLX, GOOGL, DIS
Biggest driver
NFLX +0.39
NETFLIX INC, +4.83%
Biggest drag
META −0.72
META PLATFORMS INC CLASS A, −1.29%

What drove it

22 members · drivers first · 1W · residual 17.0bp within 60bp gate

The XLC rose 0.04% (+0.04 pts) on the week, and more than all of that gain came from just three stocks: NFLX, GOOGL, DIS.

Read the latest market-close note: Goldman and Microsoft Push the Dow to a Large Gain While Telecoms Sink Communication Services

+2.1 pts from 11 gainers−2.1 pts from 11 losers
net +0.0 pts · gainers outweigh losers 1.0 to 1
Stock
Points
Return
XLCsum of all 22 stocks
+0.0
100%
+0.04%
NFLXNETFLIX INC
+0.4
980%
+4.83%
GOOGLALPHABET INC CL A
+0.4
977%
+2.38%
DISWALT DISNEY CO/THE
+0.3
819%
+5.73%
GOOGALPHABET INC CL C
+0.3
687%
+2.21%
TTWOTAKE TWO INTERACTIVE SOFTWRE
+0.2
575%
+5.28%
RDDTREDDIT INC CL A
+0.2
553%
+8.09%
OMCOMNICOM GROUP
+0.1
206%
+3.13%
APPAPPLOVIN CORP CLASS A
+0.1
186%
+3.29%
LYVLIVE NATION ENTERTAINMENT IN
+0.1
172%
+0.90%
ECHOECHOSTAR CORP A
+0.0
86%
+0.63%
TKOTKO GROUP HOLDINGS INC
+0.0
65%
+1.37%
NWSNEWS CORP CLASS B
−0.0
−16%
+1.14%
NWSANEWS CORP CLASS A
−0.0
−21%
+1.50%
FOXFOX CORP CLASS B
−0.0
−68%
−0.00%
FOXAFOX CORP CLASS A
−0.0
−102%
+0.21%
CHTRCHARTER COMMUNICATIONS INC A
−0.1
−170%
−5.41%
SKYDSKYDANCE CORP
−0.1
−178%
−3.53%
CMCSACOMCAST CORP CLASS A
−0.1
−315%
−2.71%
TMUST MOBILE US INC
−0.3
−759%
−9.20%
TAT+T INC
−0.3
−800%
−8.77%
VZVERIZON COMMUNICATIONS INC
−0.4
−971%
−9.30%
METAMETA PLATFORMS INC CLASS A
−0.7
−1808%
−1.29%
Cap weighting, illustrated

TKO GROUP HOLDINGS INC and NEWS CORP CLASS A moved almost identically (+1.37% vs +1.50%), yet TKO moved the XLC 2.6× 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 +0.04 pt move · cell size = points contributed · color = direction, intensity = return
META−0.7 pts(−1.3%)
NFLX+0.4 pts(+4.8%)
GOOGL+0.4 pts(+2.4%)
VZ−0.4 pts(−9.3%)
DIS+0.3 pts(+5.7%)
T−0.3 pts(−8.8%)
TMUS−0.3 pts(−9.2%)
GOOG+0.3 pts(+2.2%)
TTWO+0.2 pts(+5.3%)
RDDT+0.2 pts(+8.1%)
CMCSA−0.1 pts(−2.7%)
OMC+0.1 pts
APP
SKYD
LYV+0.1 pts
CHTR−0.1 pts
FOXA
ECHO
TKO

Concentration curve

cumulative share of the +0.04 pt move · sorted by contribution
0%50%100%6111722stocks:3 stocks = 2777%100% covered at 1

When they drove it

cumulative points through the period
0NFLX +0.39GOOGL +0.39DIS +0.33META −0.72VZ −0.39T −0.32Oct 2Oct 9

Breadth

member returns, this period
−10%−5%0%+5%
From −9.30% (VZ) to +8.09% (RDDT). Equal-weight, the XLC would be +0.05% vs the actual +0.04%; the gap is what cap weighting did.

By sector

point contribution · sums to +0.04 pts
-22
+0.0

The year, session by session

every trading day of 2026 · hover for the move
JANFEBMARAPRMAYJUNJULAUGSEPOCT

Share this move

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