83 members · detractors first · 1M · residual 26.6bp within 60bp gate
The XLI fell 0.76% (−1.30 pts) on the month, but 37 of 83 members went the other way. DE and GE dragged the tape lower, contributing more than the entire move.
DEERE + CO and PENTAIR PLC moved almost identically (−8.19% vs −7.50%), yet DE moved the XLI 31.5× 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 −1.30 pt move · cell size = points contributed · color = direction, intensity = return
GEV+0.7 pts(+8.7%)
DE−0.6 pts(−8.2%)
GE−0.6 pts(−4.8%)
RTX−0.4 pts(−6.1%)
PWR+0.4 pts(+14.1%)
BA−0.4 pts
JCI+0.3 pts(+10.5%)
TT+0.3 pts
PCAR−0.2 pts
EMR+0.2 pts(+9.1%)
CAT−0.2 pts(−0.6%)
GD−0.2 pts
FIX+0.2 pts
NOC
AXON−0.1 pts
ETN+0.1 pts
LMT
FDX
CMI
BE
JBHT−0.1 pts
UPS
URI
PAYX
ADP
EFX−0.1 pts
AME+0.1 pts
PH
UNP
CPRT
CTAS
CHRW
GNRC
HON
MMM
TDG
VRT
UAL
FAST
NSC
FDXF
TXT
Concentration curve
cumulative share of the −1.30 pt move · sorted by contribution
When they drove it
cumulative points through the period
Breadth
member returns, this period
−15%−5%+5%+15%
From −14.40% (JBHT) to +23.89% (GNRC). Equal-weight, the XLI would be −0.29% vs the actual −0.76%; the gap is what cap weighting did.
By sector
point contribution · sums to −1.30 pts
-83
−1.3
The year, session by session
every trading day of 2026 · hover for the move
JANFEBMARAPRMAYJUNJULAUGSEPOCT
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Industrials · Select Sector
What moved the market
1M · OCT 9, 2026
−0.76%
−1.3 pts · closed 169.25
37 of 83 rose · 46 fell
GEV+8.7%
+0.7
PWR+14.1%
+0.4
JCI+10.5%
+0.3
TT+8.4%
+0.3
EMR+9.1%
+0.2
PCAR−11.9%
−0.2
BA−7.0%
−0.4
RTX−6.1%
−0.4
GE−4.8%
−0.6
DE−8.2%
−0.6
DE sank a split tape · 37 of 83 went the other wayWMTMT.COM
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