On November 4, 4 of the 8 tracked indices were above their 50-day average. Cvs Health fell 12.5%, Jetblue Airways rose 11.9% and Apollo Global Management rose 8.1%, the biggest moves with a cause on record.
Market Anatomy as drawn for the share card of Wednesday, November 4, 2026. The same picture is on its share card.
Today's standout, the names around it and how it sits against the market. Tap a name, a sector or an index to move.
Today's relationship
Moderna
Moderna made the largest move with a cause on record.
Moderna
MRNA · close 258.38
0.13%
▲ +13.11%1dMoved with XLV +3.06%
Moved 13.1%, at or above the 3% floor for this strip
Moderna, stored closes
Moderna+353.4%
Stored daily closes.
Nearest connections
Stored cause
Health Care (XLV) moved +3.06% the same way, which accounts for all but 10.04 points of the move.
Index membership
In the S&P 500 (holdings file dated 2026-11-03): weight 0.13%, rank 141 of 503.
Sector
Health Care. From the S&P 500 holdings file dated 2026-11-03. The Health Care fund moved +3.06%, 6 of 11 sectors.
Movers in the same sector
Same sector, same session, not a measured link.
Against the market
Moderna moved +13.11% on the session, 11.52 points ahead of the S&P 500.
Its sector
Largest Health Care names in the S&P 500, file dated 2026-11-03
ABBVAbbvieweight only0.77% of the S&P 500
UNHUnitedhealthweight only0.56% of the S&P 500
MRKMerck &weight only0.55% of the S&P 500
TMOThermo Fisher Scientificweight only0.40% of the S&P 500
AMGNAmgenweight only0.38% of the S&P 500
GILDGilead Sciencesweight only0.32% of the S&P 500
Indices
Weights, ranks and sectors come from the stored holdings files: S&P 500 (dated 2026-11-03), Dow 30 (dated 2026-11-03), S&P MidCap 400 (dated 2026-11-03), S&P SmallCap 600 (dated 2026-11-03). A sector taken from the SEC SIC code is mapped by us and says so beside it.
The day's board
Market participation
50%
4 of 8 tracked indices above their 50-day average
Counted over ^GSPC, ^IXIC, ^DJI, ^RUT, ^FTSE, ^N225, ^GDAXI, 000001.SS. This is a reading across whole market indices, not a count of the companies inside any one of them.
Today's movers
Sectors, one session
Each bar is scaled against the widest move of the day. Tap a sector to see its largest names.
Key takeaways
1
The S&P 500 rose 1.58% while the equal weight fund rose 1.86%, a gap of -0.27 points. The average constituent did better than the index, reversing last session's gap in the other direction.
2
Participation stays at 4 of 8 tracked indices above their 50-day average, up from 1 last time, even as the Dow rose 3.03% against 1.58% for the S&P 500 and the Russell 2000.
3
The sector spread is wide: Consumer Discretionary rose 4.26% while Energy fell 4.74%, a 9.00 point gap. Technology was flat at -0.01% and Industrials fell 1.09%, so the gains were not broad across every sector.
4
Moderna rose 13.11% beside XLV at +3.06%, and CVS fell 12.53% against the same fund, a gap of 15.59 points. Two stocks in one sector moved in opposite directions, and CVS has a coded cause tied to its split plan.
The full day: index block, sentiment, every mover and the open questions
7,688.62▲ +1.58%1d
Capitalisation weighted, so a move in the largest companies moves it more than a move in the smallest.
the last 40 stored closes, scaled to their own range
25,736.51▲ +1.44%1d
Every Nasdaq listing, weighted by capitalisation and heavy in technology.
53,356.12▲ +3.03%1d
Thirty names weighted by price rather than by capitalisation, so it can disagree with the S&P for arithmetic reasons alone.
2,856.95▲ +1.58%1d
Small capitalisation names. Read against the S&P, it is the size half of how broad a day was.
223.33▲ +1.86%1d
The same five hundred companies weighted equally, so the largest names count no more than the smallest. Read against the cap-weighted index, the gap is how much of the day belonged to the biggest companies.
Cap weight against equal weight-0.27pp
The equal-weighted index outran the cap-weighted one, so the session was broader than the headline index makes it look.
Sentiment
Sentiment composite
38▲ +18.68%1d
This system's own composite of up to seven stored inputs, 0 (extreme fear) to 100 (extreme greed), computed after each close; not CNN's index (work item #699). Context for whether sentiment confirms the tape or contradicts it.
16.61▼ -20.26%1d
Expected thirty day volatility from S&P 500 options. Rising with the index is the contradiction worth seeing.
Open questions
What is driving Lucid?+11.59%
Read for this move: the stored stories naming Lucid, its filings and corporate actions, over the 7 days to 2026-11-04.
Why did Iren fall?-11.24%
Read for this move: the stored stories naming Iren, its filings and corporate actions, over the 7 days to 2026-11-04.
Why did Vicor fall?-11.14%
Read for this move: the stored stories naming Vicor, its filings and corporate actions, over the 7 days to 2026-11-04.
What is driving Nextpower?+11.12%
Read for this move: the stored stories naming Nextpower, its filings and corporate actions, over the 7 days to 2026-11-04.
Built in code from the movers whose evidence did not resolve, so no written summary can shorten this list.
Today's key movers
+13.11%
MRNA 258.38
Moved with XLV +3.06%
Moved 13.1%, at or above the 3% floor for this strip
-12.53%
CVS 79.96
CATALYST FOUND
2026-11-04: CVS plans to split off drugstore business, reversing its Aetna acquisition
