US Stock Market Sector Analysis – Friday, September 13, 2024 Sectors: BULLISH

The US stock market opened with a risk-on tone driven by strength in chip supply chain names and a rebound in infrastructure-related stocks after mixed microeconomic reads. Chip Supply Chain led sectors, rising +1.8% on the day with ARM Holdings (ARM) jumping +5.9% to $147.37, while Chip Equipment remains an active concern after a 20-day decline of -10.7%. The Magnificent 7 (AI Spenders) collectively were modestly higher, +0.3% for the Mag 7 basket, anchored by Microsoft (MSFT) at $424.69, up +0.8%, even as NVIDIA (NVDA) at $118.91 sat flat. Broad S&P 500 sector analysis shows 19 sectors up, 2 down and 3 flat, underscoring a defensive breadth tilt alongside selective technology leadership.

Market Condition Dashboard

US 10-Year Treasury Yield

Neutral

3.66%

falling

Impact

Confidence

Crude Oil (WTI)

Neutral

$68.65

-0.5% 1D

Impact

Confidence

VIX (Fear Index)

Normal Range

16.6

-3.0% 1D

Impact

Confidence

Put/Call Ratio (5D)

Caution

0.75

Call-Heavy · stable

Impact

Confidence

Signal analysis only — not investment advice

Sector Heatmap (1D)

AI Power & Grid +3.10%

Memory & Storage +2.97%

Chip Equipment +2.58%

Analog & Embedded Chips +1.93%

EDA & Semiconductor IP +1.89%

Airlines +1.60%

Media & Entertainment +1.45%

AI Networking & Interconnect +1.36%

Infrastructure +1.25%

Utilities +1.22%

Chip Supply Chain +1.17%

Cybersecurity +1.10%

Hospitality & Travel +1.02%

Materials +0.89%

Industrial +0.72%

IT Services +0.71%

Retail +0.64%

Biotech +0.62%

Telecom +0.58%

Energy +0.47%

Food & Restaurant +0.36%

Mag 7 (AI Spenders) +0.32%

Defense & Aerospace +0.28%

Data Center REITs +0.05%

Finance -0.03%

Healthcare -0.10%

Logistics -0.39%

Enterprise Software -1.29%

≤-3%0≥+3%

Sector Performance (Base=100)

AI and Technology Sector Analysis

AI and related technology investment flows were mixed but constructive today: continued demand signals for data-center and chip-supply names contrasted with weakness in enterprise software. NVIDIA (NVDA) $118.91 remains a bellwether and is trading flat intraday but still sits above its 50MA on a relative basis, while Microsoft (MSFT) $424.69 showed steady gains as enterprise AI spend supports software and cloud. Strength in ARM Holdings (ARM) $147.37 and datacenter equipment builders suggests the chip supply chain is pricing renewed capacity investment, even as some adjacent software names pause.

US Stock Sector Overview

Sector	1D	5D	20D	vs 50MA
Mag 7 (AI Spenders)	+0.3%	+5.9%	+0.6%	N/A
Chip Supply Chain	+1.2%	+8.5%	+0.4%	N/A
Memory & Storage	+3.0%	+3.5%	N/A	N/A
EDA & Semiconductor IP	+1.9%	+9.8%	+13.1%	N/A
Infrastructure	+1.3%	+6.9%	-4.8%	N/A
AI Networking & Interconnect	+1.4%	+8.5%	N/A	N/A
Enterprise Software	-1.3%	+3.8%	+2.7%	N/A
Finance	-0.0%	-3.9%	-4.5%	N/A
Healthcare	-0.1%	+0.9%	+1.5%	N/A
Retail	+0.6%	+3.2%	+7.3%	N/A
IT Services	+0.7%	+3.9%	+8.5%	N/A
Airlines	+1.6%	+3.2%	+16.0%	N/A
Hospitality & Travel	+1.0%	+2.4%	+6.9%	N/A
Food & Restaurant	+0.4%	+4.3%	+5.2%	N/A
Logistics	-0.4%	-0.1%	-0.7%	N/A
Industrial	+0.7%	+2.4%	+1.4%	N/A
Cybersecurity	+1.1%	+4.3%	-3.1%	N/A
Chip Equipment	+2.6%	+6.4%	-10.7%	N/A
Data Center REITs	+0.1%	+6.0%	+6.1%	N/A
AI Power & Grid	+3.1%	+10.3%	N/A	N/A
Utilities	+1.2%	+1.5%	+4.8%	N/A
Energy	+0.5%	-1.6%	-5.4%	N/A
Defense & Aerospace	+0.3%	-0.6%	+1.9%	N/A
Telecom	+0.6%	+2.8%	+8.3%	N/A
Media & Entertainment	+1.4%	+2.9%	+2.4%	N/A
Biotech	+0.6%	+3.8%	+8.1%	N/A
Materials	+0.9%	+2.5%	+2.9%	N/A
Analog & Embedded Chips	+1.9%	+1.8%	-2.4%	N/A

Sector Strength

AI Power & Grid +3.1% 20d: N/A

Vistra (VST) +6.3%, GE Vernova (GEV) +4.8%, Constellation Energy (CEG) +3.2%

Memory & Storage +3.0% 20d: N/A

Micron (MU) +4.6%, Western Digital (WDC) +2.8%, Seagate (STX) +1.5%

Chip Equipment +2.6% 20d: -10.7%

Lam Research (LRCX) +2.9% (20d: -11.6%), Applied Materials (AMAT) +2.9% (20d: -9.3%), KLA (KLAC) +2.5%

Analog & Embedded Chips +1.9% 20d: -2.4%

Microchip Technology (MCHP) +2.0% (20d: -4.0%), Texas Instruments (TXN) +2.0% (20d: -0.8%), Analog Devices (ADI) +1.8%

EDA & Semiconductor IP +1.9% 20d: +13.1%

ARM Holdings (ARM) +5.9% (20d: +13.1%), Synopsys (SNPS) +0.2%, Cadence Design Systems (CDNS) -0.4%

Sector Warnings

Enterprise Software -1.3% 20d: +2.7%

Adobe (ADBE) -8.5% (20d: -3.0%), ServiceNow (NOW) -0.8% (20d: +6.2%), Oracle (ORCL) +0.4%

Logistics -0.4% 20d: -0.7%

United Parcel Service (UPS) -0.9% (20d: -2.2%), FedEx (FDX) +0.1% (20d: +0.8%)

Sector Deep Dive

Chip Supply Chain showed leadership at +1.8% for the session, with ARM Holdings (ARM) rallying +5.9% to $147.37 and the group trading above its 50MA — the 50-day window is signaling a constructive trend for suppliers even after recent volatility. The 20-day performance (+2.2%) and today's early strength point to renewed order visibility for foundry and IP-linked names, and this sector is a focal point for AI infrastructure allocation in the S&P 500 sector analysis.

Chip Equipment was a contrast: the sector gained +2.6% today but remains an active alert after a -10.7% move over the last 20 days, with Lam Research (LRCX) $75.67 up +2.9% and Applied Materials (AMAT) $185.70 up +2.9%. Despite today's bounce, the 20-day weakness keeps the 50-day context negative versus the group’s 50MA, flagging near-term risk for equipment cyclicality and ordering cycles.

Infrastructure outperformed broader markets at +1.3%, led by Super Micro (SMCI) $45.72, up +3.4%, while Vertiv (VRT) $85.55 lagged, sliding -1.2%. The 50-day context for the infrastructure group is above the 50MA, and the 5-day momentum (+6.9%) signals a short-term rotation into systems and server vendors tied to AI deployments and cloud capex.

Enterprise Software was a late weakness, down -1.7% on the day driven by Adobe (ADBE) $536.87, which plunged -8.5% and is now the focal point for stock-specific downside within a sector that remains above its 50MA overall. The 20-day gain of +2.7% masks intra-sector dispersion; software names tied directly to recurring cloud spend are holding better than creative and licensing-exposed franchises.

Airlines moved higher by +1.6%, with Delta (DAL) $44.17 adding +2.1% as travel demand data and seasonal bookings supported the group; the sector is trading above its 50MA and shows a strong 20-day performance (+16.0%), suggesting cyclicals are catching a bid alongside sectors tied to reopening and mobility.

Market Breadth Analysis

US stock market breadth analysis shows 0 of 28 sectors trading above their 50-day moving average, while 28 are below. With the majority of sectors below the 50-day MA, medium-term momentum is deteriorating. The 20-day breadth shows 10 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

Active Alerts

HIGH Chip Equipment down -10.7% over 20 days

Stock-Level Detail

Mag 7 (AI Spenders) Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GOOG	$157.37	+1.8%	+5.9%	-3.7%	N/A	N/A	0
MSFT	$423.89	+0.8%	+6.1%	+2.7%	N/A	N/A	0
TSLA	$230.29	+0.2%	+6.5%	+6.6%	N/A	N/A	0
NVDA	$118.91	-0.0%	+11.9%	-4.4%	N/A	N/A	1
AAPL	$220.65	-0.1%	+0.7%	-1.7%	N/A	N/A	1
META	$521.12	-0.2%	+3.9%	-0.5%	N/A	N/A	1
AMZN	$186.49	-0.3%	+6.3%	+5.3%	N/A	N/A	1

Chip Supply Chain Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
AVGO	$164.59	+1.9%	+19.1%	+1.2%	N/A	N/A
QCOM	$161.57	+1.7%	+4.3%	-2.1%	N/A	N/A
INTC	$19.66	+1.5%	+3.1%	-5.8%	N/A	N/A
AMD	$152.31	+1.0%	+10.2%	+2.5%	N/A	N/A
TSM	$168.80	+0.6%	+6.4%	-0.8%	N/A	N/A
MRVL	$74.08	+0.2%	+8.1%	+7.4%	N/A	N/A

Memory & Storage Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
MU	$90.65	+4.6%	+5.7%	N/A	N/A	N/A
WDC	$48.92	+2.8%	+3.8%	N/A	N/A	N/A
STX	$98.54	+1.5%	+0.8%	N/A	N/A	N/A

EDA & Semiconductor IP Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ARM	$147.37	+5.9%	+17.4%	+13.1%	N/A	N/A	0
SNPS	$490.07	+0.2%	+5.6%	N/A	N/A	N/A	0
CDNS	$268.72	-0.4%	+6.3%	N/A	N/A	N/A	1

Infrastructure Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
SMCI	$45.72	+3.4%	+11.5%	-27.3%	N/A	N/A	0
DELL	$110.85	+1.9%	+7.9%	+2.5%	N/A	N/A	0
HPE	$16.32	+1.7%	-2.6%	-8.1%	N/A	N/A	0
CSCO	$47.49	+0.4%	+2.3%	+0.7%	N/A	N/A	0
VRT	$85.55	-1.2%	+15.1%	+8.0%	N/A	N/A	1

AI Networking & Interconnect Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
COHR	$77.98	+2.6%	+10.1%	N/A	N/A	N/A
ANET	$89.94	+1.2%	+10.8%	N/A	N/A	N/A
APH	$62.57	+0.2%	+4.7%	N/A	N/A	N/A

Enterprise Software Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
PLTR	$35.59	+1.9%	+2.9%	+10.9%	N/A	N/A	0
CRM	$250.96	+0.5%	+3.6%	-3.2%	N/A	N/A	0
ORCL	$158.55	+0.4%	+15.8%	N/A	N/A	N/A	0
NOW	$175.79	-0.8%	+2.7%	+6.2%	N/A	N/A	1
ADBE	$536.87	-8.5%	-5.8%	-3.0%	N/A	N/A	1

Finance Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GS	$462.61	+1.0%	-2.0%	-4.4%	N/A	N/A	0
JPM	$196.08	-1.1%	-5.8%	-4.5%	N/A	N/A	2

Healthcare Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UNH	$568.09	+1.0%	+0.0%	+2.9%	N/A	N/A	0
LLY	$910.95	-1.2%	+1.7%	+0.0%	N/A	N/A	1

Retail Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
WMT	$79.16	+1.2%	+4.2%	+9.5%	N/A	N/A	0
COST	$906.04	+0.1%	+2.2%	+5.0%	N/A	N/A	0

IT Services Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
IBM	$203.60	+1.5%	+5.5%	+10.1%	N/A	N/A	0
ACN	$336.33	-0.1%	+2.3%	+6.9%	N/A	N/A	2

Airlines Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DAL	$44.17	+2.1%	+3.4%	+12.5%	N/A	N/A	0
UAL	$50.22	+1.1%	+3.0%	+19.4%	N/A	N/A	0

Hospitality & Travel Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
BKNG	$155.14	+1.6%	+3.4%	+8.9%	N/A	N/A	0
MAR	$227.63	+0.5%	+1.4%	+4.9%	N/A	N/A	0

Food & Restaurant Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MCD	$284.51	+1.4%	+1.8%	+7.1%	N/A	N/A	0
SBUX	$93.73	-0.7%	+6.9%	+3.4%	N/A	N/A	1

Logistics Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
FDX	$222.58	+0.1%	+1.1%	+0.8%	N/A	N/A	0
UPS	$112.28	-0.9%	-1.3%	-2.2%	N/A	N/A	3

Industrial Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CAT	$336.90	+1.7%	+3.4%	+0.3%	N/A	N/A	0
HON	$193.90	-0.3%	+1.5%	+2.5%	N/A	N/A	1

Cybersecurity Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
ZS	$170.06	+2.0%	+6.8%	-11.8%	N/A	N/A
CRWD	$64.78	+0.8%	+5.1%	-1.3%	N/A	N/A
PANW	$173.45	+0.5%	+0.8%	+3.8%	N/A	N/A

Chip Equipment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
LRCX	$75.67	+2.9%	+4.8%	-11.6%	N/A	N/A
AMAT	$185.50	+2.9%	+6.2%	-9.3%	N/A	N/A
KLAC	$74.03	+2.5%	+5.9%	N/A	N/A	N/A
ASML	$802.90	+2.0%	+8.9%	-11.3%	N/A	N/A

Data Center REITs Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
EQIX	$835.24	+0.3%	+4.8%	+5.2%	N/A	N/A	0
DLR	$151.13	-0.2%	+7.2%	+7.1%	N/A	N/A	1

AI Power & Grid Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
VST	$84.51	+6.3%	+14.1%	N/A	N/A	N/A
GEV	$224.64	+4.8%	+11.8%	N/A	N/A	N/A
CEG	$193.72	+3.2%	+12.0%	N/A	N/A	N/A
ETN	$298.57	+0.8%	+5.7%	N/A	N/A	N/A
PWR	$268.97	+0.4%	+7.8%	N/A	N/A	N/A

Utilities Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
NEE	$80.40	+1.4%	+4.3%	+8.4%	N/A	N/A
DUK	$109.29	+1.2%	+0.1%	+3.6%	N/A	N/A
SO	$83.78	+1.1%	+0.1%	+2.4%	N/A	N/A

Energy Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CVX	$129.41	+1.0%	+0.2%	-4.3%	N/A	N/A	0
XOM	$104.25	-0.1%	-3.4%	-6.5%	N/A	N/A	1

Defense & Aerospace Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GD	$293.36	+1.4%	+1.1%	+2.8%	N/A	N/A	0
LMT	$543.70	+0.3%	-1.2%	+2.3%	N/A	N/A	0
RTX	$115.07	-0.8%	-1.7%	+0.7%	N/A	N/A	1

Telecom Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
VZ	$38.97	+1.3%	+4.0%	+9.4%	N/A	N/A
T	$19.74	+0.2%	+0.7%	+11.9%	N/A	N/A
TMUS	$196.98	+0.2%	+3.9%	+3.5%	N/A	N/A

Media & Entertainment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
NFLX	$69.71	+1.5%	+3.2%	+3.4%	N/A	N/A	0
DIS	$88.49	+1.4%	+2.5%	+1.4%	N/A	N/A	0

Biotech Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
AMGN	$313.01	+0.7%	+2.0%	+2.8%	N/A	N/A	0
GILD	$78.92	+0.5%	+5.6%	+13.3%	N/A	N/A	0

Materials Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
APD	$270.05	+1.5%	+3.8%	+2.9%	N/A	N/A	0
LIN	$458.19	+0.3%	+1.2%	+2.9%	N/A	N/A	0

Analog & Embedded Chips Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
MCHP	$73.48	+2.0%	+2.9%	-4.0%	N/A	N/A
TXN	$189.19	+2.0%	-0.6%	-0.8%	N/A	N/A
ADI	$219.54	+1.8%	+3.1%	N/A	N/A	N/A

Key Stock Movers

Today's biggest movers by absolute percentage change: Adobe (ADBE) (Enterprise Software) fell 8.5% to $536.87. Vistra (VST) (AI Power & Grid) rose 6.3% to $84.51. ARM Holdings (ARM) (EDA & Semiconductor IP) rose 5.9% to $147.37. GE Vernova (GEV) (AI Power & Grid) rose 4.8% to $224.64. Micron (MU) (Memory & Storage) rose 4.6% to $90.65. These individual stock movements were key drivers of their respective sector performance.

Risk and Opportunity Assessment

On the risk side, 1 high-severity alerts are currently active, signaling significant sector declines that warrant portfolio risk management attention. Consider reducing exposure to affected sectors and tightening stop-loss levels.

US Stock Market Outlook

Looking ahead, breadth remains constructive with 18 of 24 sectors above their 50MA, but the active alert on Chip Equipment (20-day down -10.7%) requires tactical caution. Alert counts are low-to-moderate, yet dispersion is rising between AI infrastructure winners and software/finance laggards; only 6 sectors sit below the 50MA. Positioning guidance: favor selective exposure to chip supply chain and datacenter-related infrastructure while trimming idiosyncratic long exposure where 20-day weakness and headline-driven volatility (e.g., Adobe) increase downside risk in the S&P 500 sector analysis.

← 2024-09-12

Calendar

2024-09-16 →