XLP · WMTMT

Sep 30Oct 2Oct 6Oct 7Oct 9

Breadth

28 / 34

stocks rose with the index

Concentration

48%

of the gain from WMT, PM, COST

Biggest driver

WMT +0.64

WALMART INC, +7.15%

Biggest drag

TGT −0.10

TARGET CORP, −1.89%

What drove it

34 members · drivers first · QTD · residual 14.5bp within 60bp gate

The XLP rose 3.49% (+2.82 pts) so far this quarter in a broad advance: 28 of 34 stocks rose, with WMT out front at +0.64 points.

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

+3.1 pts from 23 gainers−0.3 pts from 11 losers

net +2.8 pts · gainers outweigh losers 11.8 to 1

Stock

Points

Return

XLPsum of all 34 stocks

+2.8

+3.49%

WMTWALMART INC

+0.6

+7.15%

PMPHILIP MORRIS INTERNATIONAL

+0.4

+6.33%

COSTCOSTCO WHOLESALE CORP

+0.3

+4.02%

MOALTRIA GROUP INC

+0.3

+6.44%

PGPROCTER + GAMBLE CO/THE

+0.2

+4.10%

MDLZMONDELEZ INTERNATIONAL INC A

+0.1

+4.48%

MNSTMONSTER BEVERAGE CORP

+0.1

+4.85%

KOCOCA COLA CO/THE

+0.1

+2.29%

CLCOLGATE PALMOLIVE CO

+0.1

+3.46%

KRKROGER CO

+0.1

+5.13%

STZCONSTELLATION BRANDS INC A

+0.1

+8.48%

CASYCASEY S GENERAL STORES INC

+0.1

+6.21%

DGDOLLAR GENERAL CORP

+0.1

+6.90%

VYLRVYLOR INC

+0.1

+7.27%

KDPKEURIG DR PEPPER INC

+0.1

+4.68%

ELESTEE LAUDER COMPANIES CL A

+0.1

+5.71%

CHDCHURCH + DWIGHT CO INC

+0.0

+4.10%

DLTRDOLLAR TREE INC

+0.0

+4.05%

TSNTYSON FOODS INC CL A

+0.0

+5.73%

HSYHERSHEY CO/THE

+0.0

+3.24%

SYYSYSCO CORP

+0.0

+0.94%

CLXCLOROX COMPANY

+0.0

+3.44%

SJMJM SMUCKER CO/THE

+0.0

+0.78%

BF-BBROWN FORMAN CORP CLASS B

−0.0

+0.69%

GISGENERAL MILLS INC

−0.0

+0.40%

ADMARCHER DANIELS MIDLAND CO

−0.0

+0.66%

KMBKIMBERLY CLARK CORP

−0.0

+0.16%

KVUEKENVUE INC

−0.0

+0.06%

MKCMCCORMICK + CO NON VTG SHRS

−0.0

−0.99%

HRLHORMEL FOODS CORP

−0.0

−3.71%

KHCKRAFT HEINZ CO/THE

−0.0

−2.02%

BGBUNGE GLOBAL SA

−0.0

−3.94%

PEPPEPSICO INC

−0.0

−0.59%

TGTTARGET CORP

−0.1

−1.89%

Cap weighting, illustrated

COSTCO WHOLESALE CORP and CLOROX COMPANY moved almost identically (+4.02% vs +3.44%), yet COST moved the XLP 29.0× 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 +2.82 pt move · cell size = points contributed · color = direction, intensity = return

WMT+0.6 pts(+7.1%)

PM+0.4 pts(+6.3%)

COST+0.3 pts(+4.0%)

MO+0.3 pts(+6.4%)

PG+0.2 pts(+4.1%)

MDLZ+0.1 pts(+4.5%)

MNST+0.1 pts

KO+0.1 pts(+2.3%)

CL+0.1 pts

KR+0.1 pts

TGT−0.1 pts(−1.9%)

STZ+0.1 pts(+8.5%)

CASY+0.1 pts(+6.2%)

DG+0.1 pts

VYLR+0.1 pts

KDP+0.1 pts(+4.7%)

EL+0.1 pts(+5.7%)

PEP−0.0 pts

CHD+0.0 pts

DLTR+0.0 pts

TSN+0.0 pts

HSY+0.0 pts

KHC

Concentration curve

cumulative share of the +2.82 pt move · sorted by contribution

When they drove it

cumulative points through the period

Breadth

member returns, this period

−4%0%+4%+8%

From −3.94% (BG) to +8.48% (STZ). Equal-weight, the XLP would be +2.89% vs the actual +3.49%; the gap is what cap weighting did.

By sector

point contribution · sums to +2.82 pts

-34

+2.9

The year, session by session

every trading day of 2026 · hover for the move

JANFEBMARAPRMAYJUNJULAUGSEPOCT

Share this move

pick a view, download it as a 16:9 PNG

What moved the market, in your inbox

The daily note publishes here after every close; the week's story lands in your inbox on Fridays, free. Read the daily notes.

Babylon Burns

WMTMT is built by the founders of Babylon Burns, a letter on markets, macro, and the systems behind them. The numbers live here; the arguments live there. Subscribing below joins the Babylon Burns letter.

Consumer Staples · Select Sector

What drove it

Attribution map

Concentration curve

When they drove it

Breadth

By sector

The year, session by session

Share this move