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WHAT MOVED THE MARKET TODAY
DAILY NOTES

Real Estate · Select Sector

27 stocks · cap-weighted, ETF-derived weights · Oct 9, 2026 close
41.62
+0.77 (+1.87%)
XLRE 41.62 · +0.8 pts (+1.87%) 1D
1D1W1MQTD3M6MYTD1Y2Y3Y5Y
41.7341.5041.2641.03prev close 40.85EW +1.83%H 41.67 · 15:45L 40.85 · open
open11:0512:4514:2016:00
5-minute bars · index reconstructed live from member prices
Breadth
21 / 27
stocks rose with the index
Concentration
62%
of the gain from CCI, AMT, SBAC
Biggest driver
CCI +0.21
CROWN CASTLE INC, +15.60%
Biggest drag
CBRE −0.00
CBRE GROUP INC A, −0.19%
Context
98th pctile
of the past year's sessions by daily move

What drove it

27 members · drivers first · 1D · residual 12.3bp within 60bp gate

The XLRE rose 1.87% (+0.77 pts) on the day, and 62% of that gain came from just three stocks: CCI, AMT, SBAC.

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

+0.8 pts from 21 gainers−0.0 pts from 5 losers
net +0.8 pts · gainers outweigh losers 7.8 to 1
Stock
Points
Return
XLREsum of all 27 stocks
+0.8
100%
+1.87%
CCICROWN CASTLE INC
+0.2
27%
+15.60%
AMTAMERICAN TOWER CORP
+0.2
27%
+9.30%
SBACSBA COMMUNICATIONS CORP
+0.1
8%
+7.34%
WELLWELLTOWER INC
+0.1
7%
+1.08%
EQIXEQUINIX INC
+0.0
6%
+1.47%
VMRKVIVMARK RESIDENTIAL
+0.0
5%
+1.95%
PSAPUBLIC STORAGE
+0.0
4%
+1.53%
DLRDIGITAL REALTY TRUST INC
+0.0
4%
+1.56%
IRMIRON MOUNTAIN INC
+0.0
3%
+1.40%
EXREXTRA SPACE STORAGE INC
+0.0
2%
+1.15%
ESSESSEX PROPERTY TRUST INC
+0.0
1%
+1.11%
INVHINVITATION HOMES INC
+0.0
1%
+1.21%
UDRUDR INC
+0.0
1%
+1.58%
VTRVENTAS INC
+0.0
1%
+0.34%
VICIVICI PROPERTIES INC
+0.0
1%
+0.39%
REGREGENCY CENTERS CORP
+0.0
1%
+0.80%
CPTCAMDEN PROPERTY TRUST
+0.0
1%
+0.90%
MAAMID AMERICA APARTMENT COMM
+0.0
1%
+0.57%
HSTHOST HOTELS + RESORTS INC
+0.0
1%
+0.49%
FRTFEDERAL REALTY INVS TRUST
+0.0
0%
+0.66%
KIMKIMCO REALTY CORP
+0.0
0%
+0.34%
OREALTY INCOME CORP
+0.0
0%
+0.00%
AREALEXANDRIA REAL ESTATE EQUIT
−0.0
0%
−0.15%
SPGSIMON PROPERTY GROUP INC
−0.0
0%
−0.10%
WYWEYERHAEUSER CO
−0.0
0%
−0.34%
CSGPCOSTAR GROUP INC
−0.0
0%
−0.47%
CBRECBRE GROUP INC A
−0.0
0%
−0.19%
Cap weighting, illustrated

WELLTOWER INC and ESSEX PROPERTY TRUST INC moved almost identically (+1.08% vs +1.11%), yet WELL moved the XLRE 5.4× 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 +0.77 pt move · cell size = points contributed · color = direction, intensity = return
CCI+0.2 pts(+15.6%)
AMT+0.2 pts(+9.3%)
SBAC+0.1 pts(+7.3%)
WELL+0.1 pts(+1.1%)
EQIX+0.0 pts(+1.5%)
VMRK+0.0 pts(+2.0%)
PSA+0.0 pts(+1.5%)
DLR+0.0 pts(+1.6%)
IRM+0.0 pts
EXR+0.0 pts
ESS
INVH+0.0 pts
UDR+0.0 pts
VTR
REG
CPT
CSGP
FRT

Concentration curve

cumulative share of the +0.77 pt move · sorted by contribution
0%50%100%7142027stocks:3 stocks = 62%100% covered at 18

When they drove it

cumulative points through the period
0CCI +0.21AMT +0.21SBAC +0.06CBRE −0.00CSGP −0.00WY −0.00Oct 8Oct 9

Breadth

member returns, this period
−2%+2%+6%+10%+14%
From −0.47% (CSGP) to +15.60% (CCI). Equal-weight, the XLRE would be +1.83% vs the actual +1.87%; the gap is what cap weighting did.

By sector

point contribution · sums to +0.77 pts
-27
+0.8

The year, session by session

every trading day of 2026 · hover for the move
JANFEBMARAPRMAYJUNJULAUGSEPOCT

Share this move

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