US Stock Market Sector Analysis – Friday, September 20, 2024 Sectors: MIXED

A sharp miss in logistics headlines dominated today's tape after FedEx (FDX) plunged 15.2%, dragging the Logistics sector down 9.0% and producing the market's largest single-sector swing. Broad strength across Cybersecurity (+3.4%) and Infrastructure (+1.6%) helped lift 12 sectors higher while 8 fell, leaving 18 of 24 sectors trading above their 50-day proxy. The Mag 7 (AI Spenders) group was mixed, down 0.4% on the day as NVIDIA (NVDA) slipped 1.6% to $115.82 and Tesla (TSLA) led decliners inside the group at $238.25 (-2.3%). The US stock market held its S&P 500 tone into the close despite the logistics shock, with select IT Services and Enterprise Software names offsetting weakness.

Market Condition Dashboard

US 10-Year Treasury Yield

Neutral

3.73%

falling

Impact

Confidence

Crude Oil (WTI)

Neutral

$71.92

-0.0% 1D

Impact

Confidence

VIX (Fear Index)

Normal Range

16.1

-1.1% 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 +8.04%

Cybersecurity +3.38%

Infrastructure +1.57%

Memory & Storage +1.21%

AI Networking & Interconnect +1.14%

IT Services +1.04%

Retail +1.00%

Utilities +0.86%

Hospitality & Travel +0.56%

Enterprise Software +0.55%

Telecom +0.54%

Defense & Aerospace +0.44%

Materials +0.34%

Data Center REITs +0.29%

Biotech +0.24%

Healthcare +0.17%

Food & Restaurant +0.07%

Chip Supply Chain -0.07%

Media & Entertainment -0.07%

Energy -0.08%

Finance -0.39%

Mag 7 (AI Spenders) -0.40%

Airlines -0.60%

Industrial -0.69%

EDA & Semiconductor IP -1.67%

Analog & Embedded Chips -2.41%

Chip Equipment -2.51%

Logistics -8.95%

≤-3%0≥+3%

Sector Performance (Base=100)

AI and Technology Sector Analysis

The AI investment narrative remains intact but selective: Magnificent 7 heavyweights continue to command attention while near-term volatility tests conviction. Amazon (AMZN) traded at $191.60 (+0.9%) and Microsoft (MSFT) at $429.31 (-0.8%), underscoring durable demand for cloud and infrastructure spending even as NVIDIA (NVDA) at $115.82 (-1.6%) digests a recent run. Chip supply chain beneficiaries like Intel (INTC) at $21.84 (+3.3%) and Broadcom (AVGO) at $168.49 (+2.2%) show investors rotating toward suppliers and data-center infrastructure, while enterprise software exposure remains a defensive way to play broad AI adoption.

US Stock Sector Overview

Sector	1D	5D	20D	vs 50MA
Mag 7 (AI Spenders)	-0.4%	+3.3%	+2.3%	N/A
Chip Supply Chain	-0.1%	+2.8%	+2.1%	N/A
Memory & Storage	+1.2%	+3.9%	-2.5%	N/A
EDA & Semiconductor IP	-1.7%	+0.7%	+2.4%	N/A
Infrastructure	+1.6%	+4.8%	+0.2%	N/A
AI Networking & Interconnect	+1.1%	+9.0%	N/A	N/A
Enterprise Software	+0.5%	+2.1%	+6.2%	N/A
Finance	-0.4%	+2.1%	-2.4%	N/A
Healthcare	+0.2%	-1.3%	-2.3%	N/A
Retail	+1.0%	-1.0%	+3.8%	N/A
IT Services	+1.0%	-2.4%	+5.9%	N/A
Airlines	-0.6%	+2.6%	+16.9%	N/A
Hospitality & Travel	+0.6%	+3.6%	+7.4%	N/A
Food & Restaurant	+0.1%	-0.1%	+2.6%	N/A
Logistics	-9.0%	-6.6%	-6.7%	N/A
Industrial	-0.7%	+2.7%	+3.1%	N/A
Cybersecurity	+3.4%	+3.6%	-2.0%	N/A
Chip Equipment	-2.5%	+1.7%	-8.7%	N/A
Data Center REITs	+0.3%	-0.6%	+5.5%	N/A
AI Power & Grid	+8.0%	+14.1%	+21.5%	N/A
Utilities	+0.9%	-1.2%	+4.1%	N/A
Energy	-0.1%	+2.4%	-1.1%	N/A
Defense & Aerospace	+0.4%	-0.4%	+2.9%	N/A
Telecom	+0.5%	-2.6%	+5.8%	N/A
Media & Entertainment	-0.1%	+1.4%	+2.8%	N/A
Biotech	+0.2%	+0.8%	+6.5%	N/A
Materials	+0.3%	-0.5%	+3.0%	N/A
Analog & Embedded Chips	-2.4%	+1.3%	-4.8%	N/A

Sector Strength

AI Power & Grid +8.0% 20d: +21.5%

Constellation Energy (CEG) +22.3% (20d: +30.8%), Vistra (VST) +16.6% (20d: +26.1%), Eaton (ETN) +0.5% (20d: +10.2%)

Cybersecurity +3.4% 20d: -2.0%

CrowdStrike (CRWD) +8.1% (20d: +10.4%), Palo Alto Networks (PANW) +2.0% (20d: -3.0%), Zscaler (ZS) +0.1% (20d: -13.4%)

Infrastructure +1.6% 20d: +0.2%

Super Micro (SMCI) +4.6% (20d: -25.4%), Vertiv (VRT) +2.7% (20d: +20.4%), Cisco (CSCO) +1.0% (20d: +2.4%)

Memory & Storage +1.2% 20d: -2.5%

Micron (MU) +1.8% (20d: -11.6%), Western Digital (WDC) +1.2% (20d: +3.7%), Seagate (STX) +0.6% (20d: +0.3%)

AI Networking & Interconnect +1.1% 20d: N/A

Arista Networks (ANET) +1.4%, Coherent (COHR) +1.1%, Amphenol (APH) +0.9%

Sector Warnings

Logistics -9.0% 20d: -6.7%

FedEx (FDX) -15.2% (20d: -13.9%), United Parcel Service (UPS) -2.7% (20d: +0.5%)

Chip Equipment -2.5% 20d: -8.7%

ASML Holding (ASML) -4.0% (20d: -12.3%), Applied Materials (AMAT) -2.3% (20d: -5.2%), Lam Research (LRCX) -2.0% (20d: -8.5%)

Analog & Embedded Chips -2.4% 20d: -4.8%

Analog Devices (ADI) -2.9%, Microchip Technology (MCHP) -2.3% (20d: -6.4%), Texas Instruments (TXN) -2.1% (20d: -3.1%)

EDA & Semiconductor IP -1.7% 20d: +2.4%

Cadence Design Systems (CDNS) -2.4%, Synopsys (SNPS) -1.5%, ARM Holdings (ARM) -1.2% (20d: +2.4%)

Industrial -0.7% 20d: +3.1%

Caterpillar (CAT) -1.2% (20d: +5.9%), Honeywell (HON) -0.2% (20d: +0.4%)

Sector Deep Dive

Cybersecurity rallied sharply on consolidation and resumed deal interest, led by CrowdStrike (CRWD) which jumped 8.1% to $74.96. The Cybersecurity sector finished +3.4% for the day and sits ABOVE its 50-day comparative level, reinforcing that security budgets are resilient inside the prevailing 50-day window. Over the last 20 trading days the group is down -2.0%, but today's leadership suggests rotation back into high-quality recurring-revenue names as the market re-prices risk post-logistics shock.

Infrastructure showed breadth with Super Micro (SMCI) gaining 4.6% to $45.73 and Vertiv (VRT) adding 2.7% to $94.34, driving a +1.6% sector result. Infrastructure is ABOVE its 50-day reference, and the 20-day modestly positive tone (+0.2%) in the sector supports incremental allocation to data-center and power-management plays as companies accelerate capacity builds. The 50-day context favors names exposed to enterprise capex and cloud expansion rather than cyclical industrial projects.

Chip Supply Chain had a bifurcated session as Intel (INTC) rose 3.3% to $21.84 and Broadcom (AVGO) climbed 2.2% to $168.49 while Qualcomm (QCOM) slipped 2.9% to $162.71, leaving the sector slightly negative at -0.2% for the day but ABOVE its 50-day comparator. Over the recent 20-day window the group is up 2.2%, and the 50-day backdrop supports selective exposure to manufacturers and chip-focused infrastructure where order visibility is improving despite near-term inventory noise.

Chip Equipment retreated after another round of profit-taking, with ASML (ASML) down 4.0% to $783.18 and the sector off 2.8% on the day, sitting BELOW its 50-day comparative level. The 20-day price action (-8.7% for chip equipment over 50-day reference) signals pressure in capital spending expectations, and the 50-day trend argues for caution: reduce cyclical equipment exposure until order momentum stabilizes or confirmation of re-accelerating bookings appears.

Logistics bore the brunt of the session when FedEx (FDX) collapsed 15.2% to $197.91 and UPS slid 2.7% to $115.29, leaving Logistics down 9.0% and BELOW its 50-day comparative level. The magnitude of FDX's move created market-wide volatility and compressed margin expectations for transport names across the 50-day window; investors should avoid averaging into the sector without clear signs of demand normalization or margin stabilization.

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 9 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	$191.60	+0.9%	+3.6%	+8.2%	N/A	N/A	0
GOOG	$163.60	+0.9%	+3.6%	-1.5%	N/A	N/A	0
META	$558.14	+0.4%	+5.3%	+6.4%	N/A	N/A	0
AAPL	$226.31	-0.3%	+5.5%	+0.6%	N/A	N/A	1
MSFT	$428.50	-0.8%	+0.9%	+4.4%	N/A	N/A	1
NVDA	$115.82	-1.6%	-0.7%	-10.3%	N/A	N/A	1
TSLA	$238.25	-2.3%	+5.1%	+8.1%	N/A	N/A	1

Chip Supply Chain Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
INTC	$21.84	+3.3%	+4.4%	+6.3%	N/A	N/A	0
AVGO	$168.49	+2.2%	+4.7%	+3.2%	N/A	N/A	0
AMD	$155.95	-0.5%	+2.5%	+0.6%	N/A	N/A	1
TSM	$170.34	-1.2%	+3.0%	+2.0%	N/A	N/A	1
MRVL	$73.47	-1.3%	+0.6%	+2.8%	N/A	N/A	1
QCOM	$162.71	-2.9%	+1.4%	-2.1%	N/A	N/A	1

Memory & Storage Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
MU	$90.33	+1.8%	+4.3%	-11.6%	N/A	N/A
WDC	$50.22	+1.2%	+4.2%	+3.7%	N/A	N/A
STX	$101.06	+0.6%	+3.3%	+0.3%	N/A	N/A

EDA & Semiconductor IP Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ARM	$138.90	-1.2%	+0.4%	+2.4%	N/A	N/A	1
SNPS	$506.65	-1.5%	+1.6%	N/A	N/A	N/A	1
CDNS	$273.76	-2.4%	+0.2%	N/A	N/A	N/A	1

Infrastructure Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
SMCI	$45.73	+4.6%	+1.8%	-25.4%	N/A	N/A	0
VRT	$94.34	+2.7%	+8.7%	+20.4%	N/A	N/A	0
CSCO	$49.56	+1.0%	+1.8%	+2.4%	N/A	N/A	0
HPE	$18.03	-0.2%	+10.0%	-1.4%	N/A	N/A	1
DELL	$113.95	-0.2%	+1.8%	+4.9%	N/A	N/A	1

AI Networking & Interconnect Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
ANET	$96.11	+1.4%	+7.0%	N/A	N/A	N/A
COHR	$87.02	+1.1%	+15.6%	N/A	N/A	N/A
APH	$65.04	+0.9%	+4.4%	N/A	N/A	N/A

Enterprise Software Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
NOW	$187.47	+2.0%	+5.0%	+13.2%	N/A	N/A	0
PLTR	$37.20	+1.0%	+2.5%	+17.1%	N/A	N/A	0
CRM	$263.43	+0.3%	+4.0%	+1.2%	N/A	N/A	0
ORCL	$164.39	+0.2%	-1.4%	N/A	N/A	N/A	0
ADBE	$522.30	-0.8%	+0.2%	-6.4%	N/A	N/A	1

Finance Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
JPM	$202.58	+0.3%	+1.6%	-3.3%	N/A	N/A	0
GS	$481.39	-1.1%	+2.7%	-1.6%	N/A	N/A	1

Healthcare Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LLY	$908.76	+0.7%	-0.2%	-3.3%	N/A	N/A	0
UNH	$551.57	-0.4%	-2.4%	-1.3%	N/A	N/A	2

Retail Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
WMT	$77.64	+1.3%	-1.9%	+4.4%	N/A	N/A	0
COST	$897.12	+0.7%	-0.1%	+3.2%	N/A	N/A	0

IT Services Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
IBM	$206.35	+1.8%	+0.2%	+11.0%	N/A	N/A	0
ACN	$323.48	+0.3%	-5.1%	+0.9%	N/A	N/A	0

Airlines Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DAL	$45.89	-0.4%	+3.6%	+13.4%	N/A	N/A	1
UAL	$52.17	-0.8%	+1.6%	+20.4%	N/A	N/A	2

Hospitality & Travel Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
BKNG	$160.32	+1.2%	+2.1%	+6.3%	N/A	N/A	0
MAR	$240.05	-0.0%	+5.1%	+8.5%	N/A	N/A	1

Food & Restaurant Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MCD	$284.80	+1.0%	+0.0%	+3.1%	N/A	N/A	0
SBUX	$91.33	-0.9%	-0.3%	+2.2%	N/A	N/A	1

Logistics Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UPS	$113.48	-2.7%	-0.2%	+0.5%	N/A	N/A	1
FDX	$197.91	-15.2%	-13.0%	-13.9%	N/A	N/A	1

Industrial Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
HON	$193.14	-0.2%	-0.6%	+0.4%	N/A	N/A	1
CAT	$359.83	-1.2%	+6.0%	+5.9%	N/A	N/A	1

Cybersecurity Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
CRWD	$74.96	+8.1%	+12.0%	+10.4%	N/A	N/A
PANW	$170.06	+2.0%	-1.7%	-3.0%	N/A	N/A
ZS	$172.71	+0.1%	+0.5%	-13.4%	N/A	N/A

Chip Equipment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
KLAC	$74.76	-1.8%	+3.0%	N/A	N/A	N/A	1
LRCX	$76.24	-2.0%	+2.3%	-8.5%	N/A	N/A	1
AMAT	$189.14	-2.3%	+2.4%	-5.2%	N/A	N/A	1
ASML	$782.17	-4.0%	-1.0%	-12.3%	N/A	N/A	1

Data Center REITs Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
EQIX	$840.67	+0.7%	+0.1%	+5.9%	N/A	N/A	0
DLR	$150.91	-0.1%	-1.3%	+5.1%	N/A	N/A	1

AI Power & Grid Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
CEG	$252.04	+22.3%	+28.0%	+30.8%	N/A	N/A
VST	$106.82	+16.6%	+21.0%	+26.1%	N/A	N/A
ETN	$322.78	+0.5%	+7.8%	+10.2%	N/A	N/A
GEV	$244.43	+0.4%	+6.8%	+33.9%	N/A	N/A
PWR	$290.28	+0.4%	+7.1%	+6.5%	N/A	N/A

Utilities Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
DUK	$108.41	+1.1%	-1.1%	+3.6%	N/A	N/A
SO	$84.02	+0.9%	-0.2%	+4.2%	N/A	N/A
NEE	$78.61	+0.6%	-2.2%	+4.6%	N/A	N/A

Energy Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CVX	$134.08	+0.5%	+2.5%	-1.3%	N/A	N/A	0
XOM	$108.11	-0.6%	+2.3%	-0.9%	N/A	N/A	1

Defense & Aerospace Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LMT	$545.61	+1.2%	-0.2%	+3.6%	N/A	N/A	0
GD	$295.36	+0.7%	-0.2%	+5.3%	N/A	N/A	0
RTX	$114.13	-0.6%	-0.9%	-0.3%	N/A	N/A	1

Telecom Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
VZ	$38.88	+0.9%	-1.5%	+7.6%	N/A	N/A	0
T	$19.65	+0.8%	-3.3%	+9.2%	N/A	N/A	0
TMUS	$193.68	-0.1%	-3.1%	+0.8%	N/A	N/A	1

Media & Entertainment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DIS	$91.61	+0.3%	+2.1%	+3.5%	N/A	N/A	0
NFLX	$70.10	-0.5%	+0.7%	+2.1%	N/A	N/A	1

Biotech Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
AMGN	$317.65	+0.4%	+0.6%	+2.6%	N/A	N/A	0
GILD	$79.99	+0.0%	+0.9%	+10.4%	N/A	N/A	0

Materials Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LIN	$461.22	+0.6%	-0.6%	+1.6%	N/A	N/A	0
APD	$273.71	+0.1%	-0.3%	+4.4%	N/A	N/A	0

Analog & Embedded Chips Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
TXN	$192.38	-2.1%	+2.4%	-3.1%	N/A	N/A	1
MCHP	$72.90	-2.3%	+0.0%	-6.4%	N/A	N/A	1
ADI	$220.86	-2.9%	+1.6%	N/A	N/A	N/A	1

Key Stock Movers

Today's biggest movers by absolute percentage change: Constellation Energy (CEG) (AI Power & Grid) rose 22.3% to $252.04. Vistra (VST) (AI Power & Grid) rose 16.6% to $106.82. FedEx (FDX) (Logistics) fell 15.2% to $197.91. CrowdStrike (CRWD) (Cybersecurity) rose 8.1% to $74.96. Super Micro (SMCI) (Infrastructure) rose 4.6% to $45.73. 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

Expect continued dispersion as the market processes the logistics shock and rotates into secular AI and infrastructure beneficiaries; today's set of 5 top gainers and 5 top losers served as an alert count for heightened idiosyncratic risk. Breadth metrics remain constructive with 18 sectors above the 50MA and 6 below, but the 50-day trends in Chip Equipment and Logistics are flashing caution. Positioning should favor quality exposure to Cybersecurity and Infrastructure while trimming cyclical equipment and logistics risk until 50-day momentum reasserts itself or earnings catalysts provide clarity.

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