US Stock Market Sector Analysis – Tuesday, July 16, 2024
Sectors: BULLISH
The US stock market opened with a risk-on tilt as Airlines led a broad advance after Delta (DAL) jumped 7.0% and United (UAL) rose 6.2%, driving the Airlines sector up 6.6%. Strength was widespread: 20 of 24 sectors finished higher while only three fell, and the S&P 500 took cues from cyclicals and services rather than Big Tech. The Magnificent 7 (Mag 7) underperformed the market as NVIDIA (NVDA) slipped 1.6% to $126.15 and Alphabet (GOOG) fell 1.4% to $184.09, leaving the Mag 7 sector down 0.5% on the day. Today's movers included UnitedHealth (UNH) surging 6.5% to $524.65, underscoring defensive healthcare resilience amid the broad advance.
Market Condition Dashboard
US 10-Year Treasury Yield
Wait & Watch
4.17%
stable
Impact
Confidence
Crude Oil (WTI)
Neutral
$80.76
-1.4% 1D
Impact
Confidence
VIX (Fear Index)
Normal Range
13.2
+0.5% 1D
Impact
Confidence
Put/Call Ratio (5D)
Caution
0.75
Call-Heavy · stable
Impact
Confidence
Signal analysis only — not investment advice
Sector Heatmap (1D)
Airlines+6.61%
Food & Restaurant+3.04%
Healthcare+2.78%
Industrial+2.78%
Analog & Embedded Chips+2.68%
Logistics+2.50%
Materials+2.34%
Hospitality & Travel+2.09%
Finance+1.95%
IT Services+1.92%
Defense & Aerospace+1.73%
Data Center REITs+1.38%
Utilities+1.27%
Telecom+1.25%
Biotech+1.04%
Media & Entertainment+0.82%
EDA & Semiconductor IP+0.70%
Chip Equipment+0.40%
Retail+0.39%
Energy+0.27%
Chip Supply Chain+0.18%
Enterprise Software+0.12%
Infrastructure-0.48%
Mag 7 (AI Spenders)-0.49%
Cybersecurity-1.19%
≤-3%0≥+3%
Sector Performance (Base=100)
AI and Technology Sector Analysis
AI-related leadership was mixed as investors rotated from headline AI spenders into travel, industrials and traditional cyclicals; NVIDIA (NVDA) traded lower at $126.15 despite the chip supply chain eking out a 0.3% gain. Microsoft (MSFT) softened 1.0% to $442.56 even as enterprise software and cloud demand underpin the longer-term thesis for AI infrastructure buildout. Infrastructure names underperformed, with Dell (DELL) down 2.2% at $129.97, highlighting near-term volatility in the hardware and buildout leg of the AI supply chain even as spending on data center capacity continues to support chip equipment and data center REITs.
Airlines: The Airlines sector led the market, up 6.6% as Delta (DAL) rallied 7.0% to $44.83 and United (UAL) climbed 6.2% to $47.07; both names sit with 50-day context ABOVE the moving average, reflecting a strong near-term trend over the past 50 trading days. The strength concentrated in ticketing and capacity recovery themes and lifted related travel and hospitality parts of the market, with spillover into Aerospace and Logistics.
Healthcare: Healthcare outperformed defensively, driven by UnitedHealth (UNH) which gained 6.5% to $524.65 while the broader Healthcare sector was +2.8% despite the sector's 50-day status BELOW its moving average. The rally in large-cap managed care names contrasts with the sector's recent underperformance over the 50-day window, suggesting selective strength in earnings resiliency rather than a full technical recovery.
Infrastructure & Hardware: Infrastructure was a laggard, down 0.5%, with Dell (DELL) sliding 2.2% to $129.97 and Super Micro (SMCI) off 2.3% at $87.70; both names sit in a near-term 50-day context BELOW the moving average for the infrastructure group. The pullback highlights investor caution around near-term capex timing on data center and enterprise hardware despite ongoing demand for AI compute capacity.
Cybersecurity & Enterprise Software: Cybersecurity underperformed, with CrowdStrike (CRWD) down 2.2% to $92.26 and the Cybersecurity sector down 1.2%, trading below its 50-day trend. Enterprise Software as a group was only +0.1% and sits ABOVE its 50-day average, indicating diverging technicals between pure-play security vendors and broader software incumbents tied to recurring revenue and cloud modernization.
Industrial & Materials: Industrials gained 2.8% with Caterpillar (CAT) advancing 4.3% to $351.02 as the sector remains ABOVE its 50-day average, confirming the rotation into cyclicals. Materials were +2.3% and are likewise ABOVE their 50-day trend, supporting a constructive backdrop for economically sensitive stocks over the last 50 trading days.
Market Breadth Analysis
US stock market breadth analysis shows 0 of 25 sectors trading above their 50-day moving average, while 25 are below. With the majority of sectors below the 50-day MA, medium-term momentum is deteriorating. The 20-day breadth shows 25 sectors in negative territory, pointing to widespread selling pressure.
Interactive Charts
S&P 500, NASDAQ 100 & Dow Jones (%)
Green shading marks breadth-below-50% regimes: BUY at the 5th session (vertical line on the fire day), STRONG at the 10th (darker). A 3rd day back above 50% ends the regime; tolerated recovery days still count toward the session total. Research display only — not investment advice.
50-Day Sector Performance
1-Day vs 5-Day Sector Change
Stock-Level Detail
Mag 7 (AI Spenders)Show individual tickers
Ticker
Price
1D
5D
20D
50D
vs 50MA
Down Days
TSLA
$256.56
+1.6%
N/A
N/A
N/A
N/A
0
AAPL
$232.80
+0.2%
N/A
N/A
N/A
N/A
0
AMZN
$193.02
+0.2%
N/A
N/A
N/A
N/A
0
MSFT
$442.56
-1.0%
N/A
N/A
N/A
N/A
1
META
$486.52
-1.3%
N/A
N/A
N/A
N/A
1
GOOG
$184.09
-1.4%
N/A
N/A
N/A
N/A
1
NVDA
$126.15
-1.6%
N/A
N/A
N/A
N/A
1
Chip Supply ChainShow individual tickers
Ticker
Price
1D
5D
20D
50D
vs 50MA
Down Days
MRVL
$75.19
+2.7%
N/A
N/A
N/A
N/A
0
QCOM
$200.90
+0.7%
N/A
N/A
N/A
N/A
0
TSM
$181.38
+0.4%
N/A
N/A
N/A
N/A
0
INTC
$34.12
-0.3%
N/A
N/A
N/A
N/A
1
AVGO
$166.25
-1.2%
N/A
N/A
N/A
N/A
1
AMD
$177.55
-1.3%
N/A
N/A
N/A
N/A
1
EDA & Semiconductor IPShow individual tickers
Ticker
Price
1D
5D
20D
50D
vs 50MA
Down Days
ARM
$178.77
+0.7%
N/A
N/A
N/A
N/A
0
InfrastructureShow individual tickers
Ticker
Price
1D
5D
20D
50D
vs 50MA
Down Days
VRT
$89.50
+2.1%
N/A
N/A
N/A
N/A
0
CSCO
$45.22
+0.0%
N/A
N/A
N/A
N/A
0
HPE
$20.40
-0.0%
N/A
N/A
N/A
N/A
1
DELL
$129.97
-2.2%
N/A
N/A
N/A
N/A
1
SMCI
$87.70
-2.3%
N/A
N/A
N/A
N/A
1
Enterprise SoftwareShow individual tickers
Ticker
Price
1D
5D
20D
50D
vs 50MA
Down Days
CRM
$252.40
+1.3%
N/A
N/A
N/A
N/A
0
ADBE
$566.54
+0.1%
N/A
N/A
N/A
N/A
0
PLTR
$28.67
+0.0%
N/A
N/A
N/A
N/A
0
NOW
$152.16
-0.9%
N/A
N/A
N/A
N/A
1
FinanceShow individual tickers
Ticker
Price
1D
5D
20D
50D
vs 50MA
Down Days
GS
$482.96
+2.2%
N/A
N/A
N/A
N/A
0
JPM
$205.01
+1.7%
N/A
N/A
N/A
N/A
0
HealthcareShow individual tickers
Ticker
Price
1D
5D
20D
50D
vs 50MA
Down Days
UNH
$524.65
+6.5%
N/A
N/A
N/A
N/A
0
LLY
$928.63
-0.9%
N/A
N/A
N/A
N/A
1
RetailShow individual tickers
Ticker
Price
1D
5D
20D
50D
vs 50MA
Down Days
WMT
$68.70
+0.5%
N/A
N/A
N/A
N/A
0
COST
$841.66
+0.2%
N/A
N/A
N/A
N/A
0
IT ServicesShow individual tickers
Ticker
Price
1D
5D
20D
50D
vs 50MA
Down Days
ACN
$312.68
+2.2%
N/A
N/A
N/A
N/A
0
IBM
$175.85
+1.6%
N/A
N/A
N/A
N/A
0
AirlinesShow individual tickers
Ticker
Price
1D
5D
20D
50D
vs 50MA
Down Days
DAL
$44.83
+7.0%
N/A
N/A
N/A
N/A
0
UAL
$47.07
+6.2%
N/A
N/A
N/A
N/A
0
Hospitality & TravelShow individual tickers
Ticker
Price
1D
5D
20D
50D
vs 50MA
Down Days
MAR
$250.38
+3.4%
N/A
N/A
N/A
N/A
0
BKNG
$162.12
+0.8%
N/A
N/A
N/A
N/A
0
Food & RestaurantShow individual tickers
Ticker
Price
1D
5D
20D
50D
vs 50MA
Down Days
SBUX
$71.78
+3.8%
N/A
N/A
N/A
N/A
0
MCD
$245.41
+2.3%
N/A
N/A
N/A
N/A
0
LogisticsShow individual tickers
Ticker
Price
1D
5D
20D
50D
vs 50MA
Down Days
FDX
$242.49
+2.8%
N/A
N/A
N/A
N/A
0
UPS
$130.42
+2.2%
N/A
N/A
N/A
N/A
0
IndustrialShow individual tickers
Ticker
Price
1D
5D
20D
50D
vs 50MA
Down Days
CAT
$351.02
+4.3%
N/A
N/A
N/A
N/A
0
HON
$206.99
+1.3%
N/A
N/A
N/A
N/A
0
CybersecurityShow individual tickers
Ticker
Price
1D
5D
20D
50D
vs 50MA
Down Days
ZS
$203.12
-0.7%
N/A
N/A
N/A
N/A
1
PANW
$169.25
-0.7%
N/A
N/A
N/A
N/A
1
CRWD
$92.26
-2.2%
N/A
N/A
N/A
N/A
1
Chip EquipmentShow individual tickers
Ticker
Price
1D
5D
20D
50D
vs 50MA
Down Days
LRCX
$105.77
+0.6%
N/A
N/A
N/A
N/A
0
ASML
$1050.00
+0.4%
N/A
N/A
N/A
N/A
0
AMAT
$241.77
+0.1%
N/A
N/A
N/A
N/A
0
Data Center REITsShow individual tickers
Ticker
Price
1D
5D
20D
50D
vs 50MA
Down Days
DLR
$153.19
+1.8%
N/A
N/A
N/A
N/A
0
EQIX
$778.48
+1.0%
N/A
N/A
N/A
N/A
0
UtilitiesShow individual tickers
Ticker
Price
1D
5D
20D
50D
vs 50MA
Down Days
SO
$75.98
+1.3%
N/A
N/A
N/A
N/A
0
NEE
$67.85
+1.3%
N/A
N/A
N/A
N/A
0
DUK
$99.19
+1.1%
N/A
N/A
N/A
N/A
0
EnergyShow individual tickers
Ticker
Price
1D
5D
20D
50D
vs 50MA
Down Days
XOM
$108.67
+0.7%
N/A
N/A
N/A
N/A
0
CVX
$144.85
-0.2%
N/A
N/A
N/A
N/A
1
Defense & AerospaceShow individual tickers
Ticker
Price
1D
5D
20D
50D
vs 50MA
Down Days
GD
$280.65
+2.2%
N/A
N/A
N/A
N/A
0
RTX
$99.95
+2.0%
N/A
N/A
N/A
N/A
0
LMT
$444.55
+1.0%
N/A
N/A
N/A
N/A
0
TelecomShow individual tickers
Ticker
Price
1D
5D
20D
50D
vs 50MA
Down Days
VZ
$36.36
+1.6%
N/A
N/A
N/A
N/A
0
T
$17.19
+1.5%
N/A
N/A
N/A
N/A
0
TMUS
$177.12
+0.7%
N/A
N/A
N/A
N/A
0
Media & EntertainmentShow individual tickers
Ticker
Price
1D
5D
20D
50D
vs 50MA
Down Days
DIS
$96.23
+1.7%
N/A
N/A
N/A
N/A
0
NFLX
$65.63
-0.0%
N/A
N/A
N/A
N/A
1
BiotechShow individual tickers
Ticker
Price
1D
5D
20D
50D
vs 50MA
Down Days
GILD
$67.64
+1.2%
N/A
N/A
N/A
N/A
0
AMGN
$313.31
+0.9%
N/A
N/A
N/A
N/A
0
MaterialsShow individual tickers
Ticker
Price
1D
5D
20D
50D
vs 50MA
Down Days
APD
$254.27
+3.0%
N/A
N/A
N/A
N/A
0
LIN
$434.36
+1.7%
N/A
N/A
N/A
N/A
0
Analog & Embedded ChipsShow individual tickers
Ticker
Price
1D
5D
20D
50D
vs 50MA
Down Days
MCHP
$89.80
+3.0%
N/A
N/A
N/A
N/A
0
TXN
$195.25
+2.4%
N/A
N/A
N/A
N/A
0
Key Stock Movers
Today's biggest movers by absolute percentage change: Delta (DAL) (Airlines) rose 7.0% to $44.83. UnitedHealth (UNH) (Healthcare) rose 6.5% to $524.65. United (UAL) (Airlines) rose 6.2% to $47.07. Caterpillar (CAT) (Industrial) rose 4.3% to $351.02. Starbucks (SBUX) (Food & Restaurant) rose 3.8% to $71.78. These individual stock movements were key drivers of their respective sector performance.
Risk and Opportunity Assessment
No high-severity risk alerts are active. Market conditions are favorable, but always maintain awareness of potential profit-taking after extended rallies. Sector diversification remains important to manage concentration risk.
US Stock Market Outlook
Looking ahead, breadth is constructive with 18 sectors above their 50-day moving averages and 6 below, and 20 sectors advancing today; treat the 6 below-50MA sectors as watchlist alerts for potential mean-reversion or leadership change. With the Mag 7 showing weakness inside a broadly advancing market, tactical positioning should favor cyclical earnings-exposed names and selective healthcare defensives while maintaining hedges on AI supply-chain hardware exposure. Monitor sector-level 50-day trend flips and intraday alert counts of underperforming names as trigger points for rebalancing risk exposure into stronger 50-day trends.