WASTE MANAGEMENT INC and HUNTINGTON INGALLS INDUSTRIE moved almost identically (+46.35% vs +41.32%), yet WM moved the XLI 29.2× 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 +72.16 pt move · cell size = points contributed · color = direction, intensity = return
GE+8.4 pts(+297.7%)
CAT+7.8 pts(+208.4%)
GEV+6.6 pts(+608.4%)
RTX+4.6 pts(+159.4%)
ETN+3.3 pts(+97.5%)
VRT+2.9 pts(+655.2%)
PH+2.8 pts(+163.7%)
HWM+2.5 pts
UBER+2.2 pts
TT+2.1 pts(+138.4%)
URI+2.1 pts(+139.1%)
PWR+1.8 pts
DE+1.8 pts
UPS−1.8 pts
MMM+1.7 pts(+129.8%)
CMI+1.7 pts(+161.4%)
JCI+1.6 pts(+152.7%)
FDX+1.5 pts
FIX+1.5 pts
BA
EMR+1.4 pts
FAST+1.1 pts
CSX+1.1 pts
GWW
TDG+1.0 pts
CTAS+1.0 pts
ADP+1.0 pts
GD+0.9 pts
NSC
WAB
LMT
AME
HONA
AXON
DAL
RSG
LHX
SNA
ROK
Concentration curve
cumulative share of the +72.16 pt move · sorted by contribution
When they drove it
cumulative points through the period
Breadth
member returns, this period
−100%+100%+300%+500%+700%
From −48.28% (BLDR) to +792.26% (FIX). Equal-weight, the XLI would be +82.39% vs the actual +67.92%; the gap is what cap weighting did.
By sector
point contribution · sums to +72.16 pts
-83
+74.9
The year, session by session
every trading day of 2026 · hover for the move
JANFEBMARAPRMAYJUNJULAUG
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Industrials · Select Sector
What moved the market
3Y · AUG 25, 2026
+67.92%
+72.2 pts · closed 178.40
71 of 83 rose · 12 fell
GE+297.7%
+8.4
CAT+208.4%
+7.8
GEV+608.4%
+6.6
RTX+159.4%
+4.6
ETN+97.5%
+3.3
VRSK−16.7%
−0.2
BLDR−48.3%
−0.3
HONA−27.2%
−0.6
BA−6.9%
−1.4
UPS−28.3%
−1.8
Broad advance · GE led at +8.43 ptsWMTMT.COM
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