US Stock Market Sector Analysis – Tuesday, July 23, 2024 Sectors: MIXED

The US stock market finished mixed as a bifurcated tape highlighted sector rotation: Defense & Aerospace rallied 2.6% led by Lockheed Martin (LMT) which jumped 5.6% to $475.58, while Logistics plunged after a heavy sell-off with UPS (UPS) tumbling 12.1% to $113.02 and FedEx (FDX) down 2.2% to $232.65. The Magnificent 7 group was broadly steady, with Amazon (AMZN) rising 2.1% to $186.41 and NVIDIA (NVDA) slipping 0.8% to $122.39, leaving the Mag 7 cohort up just 0.1% on the day. Today’s moves drove clear sector dispersion: 8 sectors finished higher, 11 lower, and 5 flat, reinforcing selective security-level leadership rather than a broad market thrust.

Market Condition Dashboard

US 10-Year Treasury Yield

Wait & Watch

4.25%

stable

Impact

Confidence

Crude Oil (WTI)

Neutral

$76.96

-3.5% 1D

Impact

Confidence

VIX (Fear Index)

Normal Range

14.7

-1.3% 1D

Impact

Confidence

Put/Call Ratio (5D)

Caution

0.75

Call-Heavy · stable

Impact

Confidence

Signal analysis only — not investment advice

Sector Heatmap (1D)

EDA & Semiconductor IP +4.98%

Defense & Aerospace +2.63%

Materials +1.65%

Cybersecurity +1.28%

Finance +0.54%

Retail +0.47%

Enterprise Software +0.40%

Healthcare +0.37%

Data Center REITs +0.11%

Mag 7 (AI Spenders) +0.09%

Infrastructure +0.01%

Hospitality & Travel -0.00%

IT Services -0.19%

Airlines -0.22%

Chip Supply Chain -0.37%

Industrial -0.44%

Utilities -0.70%

Telecom -0.95%

Food & Restaurant -1.25%

Biotech -1.26%

Chip Equipment -1.46%

Energy -1.73%

Media & Entertainment -2.06%

Analog & Embedded Chips -3.67%

Logistics -7.11%

≤-3%0≥+3%

Sector Performance (Base=100)

AI and Technology Sector Analysis

AI/technology themes remain central to positioning as the Mag 7 continue to dictate headline action: Amazon (AMZN) $186.41 and Microsoft (MSFT) $437.97 outperformed modestly while NVIDIA (NVDA) $122.39 lagged on profit-taking, leaving the Mag 7 group marginally positive. Strength in the Chip Supply Chain, exemplified by ARM Holdings (ARM) $171.70 up 5.0%, and Infrastructure names like Vertiv (VRT) $90.78 up 3.6% reflect demand for hardware and deployment capacity. Enterprise Software pockets are holding up, supporting the narrative that AI infrastructure and software stacks are still receiving investment even as headline megacaps consolidate.

US Stock Sector Overview

Sector	1D	5D	20D	vs 50MA
Mag 7 (AI Spenders)	+0.1%	+1.0%	N/A	N/A
Chip Supply Chain	-0.4%	-0.3%	N/A	N/A
EDA & Semiconductor IP	+5.0%	+6.2%	N/A	N/A
Infrastructure	+0.0%	+0.5%	N/A	N/A
Enterprise Software	+0.4%	+1.2%	N/A	N/A
Finance	+0.5%	-2.5%	N/A	N/A
Healthcare	+0.4%	-3.1%	N/A	N/A
Retail	+0.5%	+0.1%	N/A	N/A
IT Services	-0.2%	-0.2%	N/A	N/A
Airlines	-0.2%	-1.0%	N/A	N/A
Hospitality & Travel	-0.0%	-1.9%	N/A	N/A
Food & Restaurant	-1.2%	-0.6%	N/A	N/A
Logistics	-7.1%	-8.2%	N/A	N/A
Industrial	-0.4%	-2.4%	N/A	N/A
Cybersecurity	+1.3%	-8.4%	N/A	N/A
Chip Equipment	-1.5%	-0.3%	N/A	N/A
Data Center REITs	+0.1%	-0.6%	N/A	N/A
Utilities	-0.7%	+0.3%	N/A	N/A
Energy	-1.7%	-4.0%	N/A	N/A
Defense & Aerospace	+2.6%	+2.0%	N/A	N/A
Telecom	-0.9%	-5.4%	N/A	N/A
Media & Entertainment	-2.1%	-3.6%	N/A	N/A
Biotech	-1.3%	-1.8%	N/A	N/A
Materials	+1.6%	-2.9%	N/A	N/A
Analog & Embedded Chips	-3.7%	-2.5%	N/A	N/A

Sector Strength

EDA & Semiconductor IP +5.0% 20d: N/A

ARM Holdings (ARM) +5.0%

Defense & Aerospace +2.6% 20d: N/A

Lockheed Martin (LMT) +5.6%, RTX Corp (RTX) +1.2%, General Dynamics (GD) +1.1%

Materials +1.6% 20d: N/A

Air Products (APD) +3.0%, Linde (LIN) +0.3%

Cybersecurity +1.3% 20d: N/A

CrowdStrike (CRWD) +1.9%, Zscaler (ZS) +1.4%, Palo Alto Networks (PANW) +0.6%

Finance +0.5% 20d: N/A

Goldman Sachs (GS) +1.0%, JPMorgan (JPM) +0.0%

Sector Warnings

Logistics -7.1% 20d: N/A

United Parcel Service (UPS) -12.1%, FedEx (FDX) -2.2%

Analog & Embedded Chips -3.7% 20d: N/A

Texas Instruments (TXN) -3.7%, Microchip Technology (MCHP) -3.7%

Media & Entertainment -2.1% 20d: N/A

Disney (DIS) -3.4%, Netflix (NFLX) -0.7%

Energy -1.7% 20d: N/A

Chevron (CVX) -1.8%, Exxon Mobil (XOM) -1.6%

Chip Equipment -1.5% 20d: N/A

Lam Research (LRCX) -1.8%, Applied Materials (AMAT) -1.7%, ASML Holding (ASML) -0.9%

Sector Deep Dive

Defense & Aerospace: The sector led gains, up 2.6% on the day as Lockheed Martin (LMT) rose 5.6% to $475.58 amid rotation into defense exposure. The sector is trading ABOVE its 50-day trend, showing relative strength inside the 50-day window as investors seek defensive, cash-flow resilient names amid broader market dispersion.

Logistics: Logistics was the weakest sector, plunging 7.1% with UPS (UPS) down 12.1% to $113.02 and FedEx (FDX) off 2.2% at $232.65. The sector is well BELOW its 50-day trend, and today’s heavy losses underscore deteriorating sentiment and a potential technical breakdown in the 50-day timeframe that requires caution for momentum-oriented traders.

Chip Supply Chain & Chip Equipment: Chip Supply Chain eked out a 0.4% gain led by ARM Holdings (ARM) which climbed 5.0% to $171.70, a sign that selective supply-chain exposure is favored. In contrast, Chip Equipment and Analog & Embedded Chips lagged—Microchip Technology (MCHP) slid 3.7% to $84.97 and Texas Instruments (TXN) fell 3.7% to $187.38—both groups remain BELOW their 50-day trends, pointing to continued near-term consolidation across semiconductor capital goods.

Materials & Infrastructure: Materials finished up 1.6% with Air Products (APD) up 3.0% to $243.31, reflecting commodity-linked resilience in pockets of the sector that are trading BELOW the 50-day on average but showing tactical strength today. Infrastructure was flat overall but Vertiv (VRT) led with a 3.6% gain to $90.78, suggesting investor interest in data-center and power-cycle beneficiaries even as the broader infrastructure cohort sits BELOW its 50-day trend.

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
AMZN	$186.41	+2.1%	-0.8%	N/A	N/A	N/A	0
AAPL	$223.08	+0.5%	-1.7%	N/A	N/A	N/A	0
MSFT	$437.97	+0.4%	+0.3%	N/A	N/A	N/A	0
META	$485.43	+0.3%	+5.8%	N/A	N/A	N/A	0
GOOG	$182.20	+0.1%	+0.5%	N/A	N/A	N/A	0
NVDA	$122.39	-0.8%	+3.9%	N/A	N/A	N/A	1
TSLA	$246.38	-2.0%	-0.9%	N/A	N/A	N/A	1

Chip Supply Chain Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
AVGO	$160.75	+1.7%	+5.0%	N/A	N/A	N/A	0
TSM	$165.56	+0.3%	-0.8%	N/A	N/A	N/A	0
QCOM	$185.29	-0.8%	+0.9%	N/A	N/A	N/A	1
MRVL	$68.02	-0.9%	+0.7%	N/A	N/A	N/A	1
AMD	$154.00	-1.2%	-3.4%	N/A	N/A	N/A	1
INTC	$32.74	-1.3%	-4.4%	N/A	N/A	N/A	1

EDA & Semiconductor IP Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ARM	$171.70	+5.0%	+6.2%	N/A	N/A	N/A	0

Infrastructure Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
VRT	$90.78	+3.6%	+11.3%	N/A	N/A	N/A	0
HPE	$19.55	-0.2%	-1.3%	N/A	N/A	N/A	1
SMCI	$78.32	-0.4%	-4.1%	N/A	N/A	N/A	6
CSCO	$44.21	-1.0%	-4.5%	N/A	N/A	N/A	4
DELL	$122.25	-1.9%	+0.9%	N/A	N/A	N/A	1

Enterprise Software Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
PLTR	$28.81	+1.2%	+2.1%	N/A	N/A	N/A	0
NOW	$153.10	+1.2%	+4.0%	N/A	N/A	N/A	0
CRM	$252.43	+0.8%	+1.9%	N/A	N/A	N/A	0
ADBE	$546.01	-1.6%	-3.0%	N/A	N/A	N/A	1

Finance Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GS	$472.53	+1.0%	-2.0%	N/A	N/A	N/A	0
JPM	$201.85	+0.0%	-3.0%	N/A	N/A	N/A	0

Healthcare Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LLY	$866.19	+1.4%	-3.0%	N/A	N/A	N/A	0
UNH	$530.22	-0.7%	-3.2%	N/A	N/A	N/A	2

Retail Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
COST	$842.98	+0.6%	+0.7%	N/A	N/A	N/A	0
WMT	$69.35	+0.4%	-0.5%	N/A	N/A	N/A	0

IT Services Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
IBM	$174.23	-0.0%	-1.8%	N/A	N/A	N/A	1
ACN	$317.81	-0.4%	+1.5%	N/A	N/A	N/A	1

Airlines Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UAL	$48.22	+0.1%	+2.7%	N/A	N/A	N/A	0
DAL	$42.48	-0.5%	-4.7%	N/A	N/A	N/A	2

Hospitality & Travel Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
BKNG	$154.25	+0.3%	-1.8%	N/A	N/A	N/A	0
MAR	$237.82	-0.3%	-2.1%	N/A	N/A	N/A	5

Food & Restaurant Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
SBUX	$72.49	-0.4%	+1.5%	N/A	N/A	N/A	2
MCD	$242.34	-2.1%	-2.7%	N/A	N/A	N/A	1

Logistics Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
FDX	$232.65	-2.2%	-3.1%	N/A	N/A	N/A	1
UPS	$113.02	-12.1%	-13.4%	N/A	N/A	N/A	1

Industrial Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
HON	$205.95	+0.2%	-1.3%	N/A	N/A	N/A	0
CAT	$336.41	-1.1%	-3.4%	N/A	N/A	N/A	1

Cybersecurity Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
CRWD	$67.22	+1.9%	-24.2%	N/A	N/A	N/A
ZS	$191.07	+1.4%	-2.0%	N/A	N/A	N/A
PANW	$167.78	+0.6%	+1.0%	N/A	N/A	N/A

Chip Equipment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ASML	$916.92	-0.9%	+0.1%	N/A	N/A	N/A	1
AMAT	$216.01	-1.7%	-0.2%	N/A	N/A	N/A	1
LRCX	$94.34	-1.8%	-0.8%	N/A	N/A	N/A	1

Data Center REITs Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
EQIX	$769.24	+0.5%	-0.0%	N/A	N/A	N/A	0
DLR	$146.36	-0.3%	-1.1%	N/A	N/A	N/A	1

Utilities Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DUK	$99.74	-0.4%	-0.4%	N/A	N/A	N/A	1
SO	$76.19	-0.6%	-0.3%	N/A	N/A	N/A	1
NEE	$68.05	-1.1%	+1.7%	N/A	N/A	N/A	1

Energy Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
XOM	$106.20	-1.6%	-3.6%	N/A	N/A	N/A	3
CVX	$141.47	-1.8%	-4.4%	N/A	N/A	N/A	3

Defense & Aerospace Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
LMT	$475.58	+5.6%	+5.3%	N/A	N/A	N/A
RTX	$101.20	+1.2%	-0.0%	N/A	N/A	N/A
GD	$283.41	+1.1%	+0.8%	N/A	N/A	N/A

Telecom Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
TMUS	$170.91	-0.5%	-3.8%	N/A	N/A	N/A	4
VZ	$34.11	-0.5%	-7.5%	N/A	N/A	N/A	3
T	$16.61	-1.8%	-5.0%	N/A	N/A	N/A	4

Media & Entertainment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
NFLX	$64.28	-0.7%	-0.7%	N/A	N/A	N/A	1
DIS	$88.87	-3.4%	-6.5%	N/A	N/A	N/A	5

Biotech Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
AMGN	$313.41	-0.8%	-0.7%	N/A	N/A	N/A	1
GILD	$67.20	-1.7%	-2.9%	N/A	N/A	N/A	3

Materials Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
APD	$243.31	+3.0%	-5.3%	N/A	N/A	N/A	0
LIN	$435.99	+0.3%	-0.4%	N/A	N/A	N/A	0

Analog & Embedded Chips Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MCHP	$84.97	-3.7%	-2.0%	N/A	N/A	N/A	1
TXN	$187.38	-3.7%	-2.9%	N/A	N/A	N/A	1

Key Stock Movers

Today's biggest movers by absolute percentage change: United Parcel Service (UPS) (Logistics) fell 12.1% to $113.02. Lockheed Martin (LMT) (Defense & Aerospace) rose 5.6% to $475.58. ARM Holdings (ARM) (EDA & Semiconductor IP) rose 5.0% to $171.70. Texas Instruments (TXN) (Analog & Embedded Chips) fell 3.7% to $187.38. Microchip Technology (MCHP) (Analog & Embedded Chips) fell 3.7% to $84.97. These individual stock movements were key drivers of their respective sector performance.

Risk and Opportunity Assessment

No major risk alerts are triggered. In a directionless market, maintaining disciplined position sizing and clear stop-loss levels is key to managing downside risk while staying positioned for breakouts.

US Stock Market Outlook

Breadth remains narrow: 8 sectors advanced, 11 declined and 5 were flat, while only 5 of 24 sectors sit above their 50-day moving averages and 19 are below — a clear sign that the S&P 500’s internals are fragile. Treat today’s strong divergences and the UPS-led logistics hit as an alert to remain selective; favor quality names with intact 50-day trends and reduce exposure to sectors failing the 50-day test. Tactical positioning should overweight AI infrastructure and defense where 50-day context is constructive, and underweight logistics, chip equipment, and media where 50-day trends are broken.

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