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WHAT MOVED THE MARKET TODAY
DAILY NOTES

Energy · Select Sector

21 stocks · cap-weighted, ETF-derived weights · Oct 9, 2026 close
65.09
+11.25 (+20.90%)
XLE 65.09 · +11.3 pts (+20.90%) 5Y
1D1W1MQTD3M6MYTD1Y2Y3Y5Y
177.59141.96106.3270.6935.06EW +213.42%H 97.49 · Apr 9L 43.81 · Dec 16
Oct 1, 2021Jan 4, 2023Apr 9, 2024Jul 9, 2025Oct 9, 2026
Breadth
21 / 21
stocks rose with the index
Concentration
100%+
of the gain from CVX, COP, WMB
Biggest driver
CVX +10.46
CHEVRON CORP, +146.11%
Biggest drag
none
all 21 members advanced

What drove it

21 members · drivers first · 5Y · residual 10104.8bp exceeds 60bp gate

The XLE rose 20.90% (+11.25 pts) over five years, and more than all of that gain came from just three stocks: CVX, COP, WMB.

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

+60.5 pts from 21 gainers−0.0 pts from 0 losers
net +11.3 pts · gainers outweigh losers 604.6 to 1
Stock
Points
Return
XLEsum of all 21 stocks
+11.3
100%
+20.90%
CVXCHEVRON CORP
+10.5
93%
+146.11%
COPCONOCOPHILLIPS
+7.5
67%
+126.93%
WMBWILLIAMS COS INC
+4.7
42%
+241.15%
MPCMARATHON PETROLEUM CORP
+4.7
42%
+698.53%
VLOVALERO ENERGY CORP
+4.3
38%
+587.00%
TRGPTARGA RESOURCES CORP
+3.5
31%
+524.25%
PSXPHILLIPS 66
+3.3
29%
+357.60%
KMIKINDER MORGAN INC
+2.8
25%
+154.18%
EOGEOG RESOURCES INC
+2.2
20%
+122.14%
BKRBAKER HUGHES CO
+2.0
18%
+151.46%
FANGDIAMONDBACK ENERGY INC
+1.9
17%
+139.13%
EQTEQT CORP
+1.9
16%
+174.18%
OKEONEOK INC
+1.8
16%
+95.89%
XOMEXXONMOBIL HOLDINGS CORP
+1.6
15%
+14.27%
DVNDEVON ENERGY CORP
+1.5
14%
+62.70%
SLBSLB LTD
+1.5
13%
+79.19%
OXYOCCIDENTAL PETROLEUM CORP
+1.3
11%
+106.39%
EXEEXPAND ENERGY CORP
+1.3
11%
+77.93%
TPLTEXAS PACIFIC LAND CORP
+1.0
9%
+193.57%
APAAPA CORP
+0.6
5%
+143.07%
HALHALLIBURTON CO
+0.5
5%
+60.41%
Cap weighting, illustrated

CHEVRON CORP and APA CORP moved almost identically (+146.11% vs +143.07%), yet CVX moved the XLE 18.0× 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 +11.25 pt move · cell size = points contributed · color = direction, intensity = return
CVX+10.5 pts(+146.1%)
COP+7.5 pts(+126.9%)
WMB+4.7 pts(+241.1%)
MPC+4.7 pts(+698.5%)
VLO+4.3 pts(+587.0%)
TRGP+3.5 pts(+524.2%)
PSX+3.3 pts(+357.6%)
KMI+2.8 pts(+154.2%)
EOG+2.2 pts(+122.1%)
BKR+2.0 pts
FANG+1.9 pts
EQT+1.9 pts(+174.2%)
OKE+1.8 pts(+95.9%)
XOM+1.6 pts(+14.3%)
DVN+1.5 pts(+62.7%)
SLB+1.5 pts(+79.2%)
OXY+1.3 pts
EXE+1.3 pts
TPL+1.0 pts
APA
HAL

Concentration curve

cumulative share of the +11.25 pt move · sorted by contribution
0%50%100%5111621stocks:3 stocks = 202%100% covered at 2

When they drove it

cumulative points through the period
0CVX +10.46COP +7.54WMB +4.71Oct 1Oct 9

Breadth

member returns, this period
0%+200%+400%+600%
From +14.27% (XOM) to +698.53% (MPC). Equal-weight, the XLE would be +213.42% vs the actual +20.90%; the gap is what cap weighting did.

By sector

point contribution · sums to +11.25 pts
-21
+60.5

The year, session by session

every trading day of 2026 · hover for the move
JANFEBMARAPRMAYJUNJULAUGSEPOCT

Share this move

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SESSIONSETTLEDBOARDXLE 5YMEMBERS21RESIDUAL10104.8BP / 60BP GATESRCNASDAQ · CBOE · ALPHA VANTAGEWMTMT.COM