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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
+2.69 (+2.43%)
XLC 113.17 · +2.7 pts (+2.43%) 1W
1D1W1MQTD3M6MYTD1Y2Y3Y5Y
113.39112.50111.62110.73109.85EW +2.22%H 113.17 · 15:55L 110.40 · 14:00
Aug 19Aug 20Aug 21Aug 24Aug 25
30-minute bars · index reconstructed live from member prices
Breadth
20 / 24
stocks rose with the index
Concentration
56%
of the gain from META, DIS, NFLX
Biggest driver
META +0.85
META PLATFORMS INC CLASS A, +4.85%
Biggest drag
TTWO −0.19
TAKE TWO INTERACTIVE SOFTWRE, −3.91%

What drove it

24 members · drivers first · 1W · residual 3.9bp within 60bp gate

The XLC rose 2.43% (+2.69 pts) on the week in a broad advance: 20 of 24 stocks rose, with META out front at +0.85 points.

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

+3.0 pts from 20 gainers−0.3 pts from 4 losers
net +2.7 pts · gainers outweigh losers 9.1 to 1
Stock
Points
Return
XLCsum of all 24 stocks
+2.7
100%
+2.43%
METAMETA PLATFORMS INC CLASS A
+0.8
32%
+4.85%
DISWALT DISNEY CO/THE
+0.4
13%
+7.01%
NFLXNETFLIX INC
+0.3
11%
+5.73%
TAT+T INC
+0.2
7%
+3.45%
VZVERIZON COMMUNICATIONS INC
+0.2
7%
+3.46%
LYVLIVE NATION ENTERTAINMENT IN
+0.2
7%
+3.84%
CMCSACOMCAST CORP CLASS A
+0.2
7%
+3.44%
CHTRCHARTER COMMUNICATIONS INC A
+0.2
6%
+4.58%
NWSANEWS CORP CLASS A
+0.1
4%
+5.21%
OMCOMNICOM GROUP
+0.1
4%
+2.18%
GOOGLALPHABET INC CL A
+0.1
3%
+0.80%
WBDWARNER BROS DISCOVERY INC
+0.1
3%
+1.47%
FOXAFOX CORP CLASS A
+0.1
2%
+1.88%
GOOGALPHABET INC CL C
+0.1
2%
+0.60%
FOXFOX CORP CLASS B
+0.0
2%
+2.38%
NWSNEWS CORP CLASS B
+0.0
1%
+4.96%
APPAPPLOVIN CORP CLASS A
+0.0
1%
+1.07%
TKOTKO GROUP HOLDINGS INC
+0.0
1%
+0.67%
PSKYPARAMOUNT SKYDANCE CL B
+0.0
1%
+2.30%
RDDTREDDIT INC CL A
+0.0
0%
+2.62%
TTDTRADE DESK INC/THE CLASS A
−0.0
−1%
−1.27%
TMUST MOBILE US INC
−0.0
−1%
−0.62%
ECHOECHOSTAR CORP A
−0.1
−4%
−3.87%
TTWOTAKE TWO INTERACTIVE SOFTWRE
−0.2
−7%
−3.91%
Cap weighting, illustrated

META PLATFORMS INC CLASS A and NEWS CORP CLASS B moved almost identically (+4.85% vs +4.96%), yet META moved the XLC 21.2× 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 +2.69 pt move · cell size = points contributed · color = direction, intensity = return
META+0.8 pts(+4.9%)
DIS+0.4 pts(+7.0%)
NFLX+0.3 pts(+5.7%)
T+0.2 pts(+3.5%)
TTWO−0.2 pts(−3.9%)
VZ+0.2 pts(+3.5%)
LYV+0.2 pts(+3.8%)
CMCSA+0.2 pts(+3.4%)
CHTR+0.2 pts(+4.6%)
NWSA+0.1 pts
OMC+0.1 pts(+2.2%)
ECHO−0.1 pts(−3.9%)
GOOGL+0.1 pts(+0.8%)
WBD+0.1 pts
FOXA+0.1 pts
GOOG+0.1 pts
FOX+0.0 pts
NWS+0.0 pts
TMUS−0.0 pts
TTD

Concentration curve

cumulative share of the +2.69 pt move · sorted by contribution
0%50%100%6121824stocks:3 stocks = 56%100% covered at 11

When they drove it

cumulative points through the period
0META +0.85DIS +0.36NFLX +0.29TTWO −0.19ECHO −0.09TMUS −0.04Aug 18Aug 25

Breadth

member returns, this period
−4%−2%0%+2%+4%+6%
From −3.91% (TTWO) to +7.01% (DIS). Equal-weight, the XLC would be +2.22% vs the actual +2.43%; the gap is what cap weighting did.

By sector

point contribution · sums to +2.69 pts
-24
+2.7

The year, session by session

every trading day of 2026 · hover for the move
JANFEBMARAPRMAYJUNJULAUG

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