US Stock Market Sector Analysis – Thursday, October 03, 2024 Sectors: MIXED

A mixed session in the US stock market saw technology leadership offset by weakness in cyclicals as 5 sectors closed higher and 15 lower. The S&P 500 tread water after NVIDIA (NVDA) rallied 3.4% to $122.66, helping the Mag 7 group hold a modest -0.1% daily move while Tesla (TSLA) slid 3.4% to $240.66 and weighed on auto-related sentiment. Enterprise Software outperformed with Palantir (PLTR) jumping 4.7% to $39.24 after positive catalyst flows, while Logistics names including UPS ($117.19, -1.7%) and FedEx ($203.70, -1.8%) underperformed and drove the sector lower. With 18 sectors above their 50-day moving averages and notable divergence between AI spenders and transportation, market internals remained constructive but selective today.

Market Condition Dashboard

US 10-Year Treasury Yield

Neutral

3.85%

falling

Impact

Confidence

Crude Oil (WTI)

Neutral

$73.71

+5.2% 1D

Impact

Confidence

VIX (Fear Index)

Elevated Caution

20.5

+8.4% 1D

Impact

Confidence

Tracked Stocks Breadth (50DMA)

Late-Cycle Caution

82%

56 of 68 above 50DMA · -1.5pp 5D

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 +2.11%

IT Services +1.38%

Enterprise Software +1.09%

AI Networking & Interconnect +1.03%

Chip Supply Chain +0.80%

Cybersecurity +0.79%

Memory & Storage +0.76%

Energy +0.54%

EDA & Semiconductor IP +0.05%

Infrastructure +0.04%

Mag 7 (AI Spenders) -0.07%

Hospitality & Travel -0.12%

Retail -0.16%

Healthcare -0.27%

Chip Equipment -0.37%

Defense & Aerospace -0.43%

Food & Restaurant -0.54%

Media & Entertainment -0.58%

Telecom -0.61%

Industrial -0.62%

Biotech -0.69%

Utilities -0.74%

Analog & Embedded Chips -0.84%

Airlines -1.08%

Finance -1.10%

Data Center REITs -1.31%

Materials -1.40%

Logistics -1.77%

≤-3%0≥+3%

Sector Performance (Base=100)

AI and Technology Sector Analysis

AI and related tech themes held center stage as the Mag 7 collectively remain above key moving averages and continue to anchor the S&P 500. NVIDIA (NVDA) at $122.66 (+3.4%) remains the primary hardware play, while Microsoft (MSFT) at $410.83 (-0.1%) and Meta (META) at $579.44 (+1.7%) show the enterprise software and cloud demand durability that supports higher-level model deployment. Strength in the Chip Supply Chain—illustrated by TSMC (TSM) at $175.63 (+2.1%) and AMD at $162.85 (+1.9%)—and steady Infrastructure names like Dell (DELL) at $112.36 (+1.9%) suggest the capex/integration runway for AI remains intact despite near-term profit-taking in some Mag 7 names.

US Stock Sector Overview

Sector	1D	5D	20D	vs 50MA
Mag 7 (AI Spenders)	-0.1%	-1.3%	+10.3%	ABOVE
Chip Supply Chain	+0.8%	-1.1%	+16.0%	ABOVE
Memory & Storage	+0.8%	-3.1%	+13.1%	N/A
EDA & Semiconductor IP	+0.0%	-3.9%	+10.7%	ABOVE
Infrastructure	+0.0%	+0.0%	+18.0%	ABOVE
AI Networking & Interconnect	+1.0%	+1.0%	+21.9%	N/A
Enterprise Software	+1.1%	+1.1%	+11.9%	ABOVE
Finance	-1.1%	-2.5%	-1.0%	BELOW
Healthcare	-0.3%	+1.4%	-1.1%	BELOW
Retail	-0.2%	-0.2%	+2.4%	ABOVE
IT Services	+1.4%	+2.1%	+8.6%	ABOVE
Airlines	-1.1%	-6.0%	+16.9%	ABOVE
Hospitality & Travel	-0.1%	-2.4%	+9.8%	ABOVE
Food & Restaurant	-0.5%	-1.0%	+4.8%	ABOVE
Logistics	-1.8%	-2.3%	-2.2%	BELOW
Industrial	-0.6%	-1.1%	+10.6%	ABOVE
Cybersecurity	+0.8%	-0.6%	+7.8%	BELOW
Chip Equipment	-0.4%	-1.7%	+11.5%	ABOVE
Data Center REITs	-1.3%	-1.6%	+7.0%	ABOVE
AI Power & Grid	+2.1%	+4.5%	+40.8%	N/A
Utilities	-0.7%	+0.4%	+2.7%	ABOVE
Energy	+0.5%	+4.9%	+9.0%	ABOVE
Defense & Aerospace	-0.4%	+2.2%	+4.6%	ABOVE
Telecom	-0.6%	+0.4%	+7.0%	ABOVE
Media & Entertainment	-0.6%	-1.3%	+6.3%	ABOVE
Biotech	-0.7%	-0.5%	+3.5%	BELOW
Materials	-1.4%	-3.2%	+4.9%	ABOVE
Analog & Embedded Chips	-0.8%	-3.3%	+4.2%	BELOW

Sector Strength

AI Power & Grid +2.1% 20d: +40.8%

Vistra (VST) +5.6% (20d: +80.1%), Constellation Energy (CEG) +4.5% (20d: +60.2%), GE Vernova (GEV) +0.9% (20d: +28.4%)

IT Services +1.4% 20d: +8.6%

Accenture (ACN) +1.4% (20d: +6.3%), International Business Machines (IBM) +1.4% (20d: +10.9%)

Enterprise Software +1.1% 20d: +11.9%

Palantir (PLTR) +4.7% (20d: +29.4%), ServiceNow (NOW) +1.2% (20d: +8.0%), Salesforce (CRM) +0.5% (20d: +15.3%)

AI Networking & Interconnect +1.0% 20d: +21.9%

Coherent (COHR) +3.1% (20d: +37.5%), Arista Networks (ANET) +0.1% (20d: +24.1%), Amphenol (APH) -0.1% (20d: +4.0%)

Chip Supply Chain +0.8% 20d: +16.0%

TSMC (TSM) +2.1% (20d: +14.9%), Advanced Micro Devices (AMD) +1.9% (20d: +21.2%), Broadcom (AVGO) +0.7% (20d: +25.9%)

Sector Warnings

Logistics -1.8% 20d: -2.2%

FedEx (FDX) -1.8% (20d: -7.0%) [<50MA], United Parcel Service (UPS) -1.7% (20d: +2.5%)

Materials -1.4% 20d: +4.9%

Air Products (APD) -1.5% (20d: +6.9%), Linde (LIN) -1.3% (20d: +2.8%)

Data Center REITs -1.3% 20d: +7.0%

Digital Realty (DLR) -1.4% (20d: +6.9%), Equinix (EQIX) -1.2% (20d: +7.1%)

Finance -1.1% 20d: -1.0%

Goldman Sachs (GS) -1.2% (20d: +1.4%) [<50MA], JPMorgan (JPM) -1.0% (20d: -3.4%) [<50MA]

Airlines -1.1% 20d: +16.9%

Delta (DAL) -1.9% (20d: +12.9%), United (UAL) -0.2% (20d: +20.9%)

Sector Deep Dive

Enterprise Software held up as a growth pocket with Palantir (PLTR) leading gainers at $39.24 (+4.7%) inside a sector averaging +1.5% for the day and +10.5% over 20 days. The 50-day trend is decisively constructive for the group, where PLTR’s momentum fits a broader rotation into software names benefiting from AI-driven contract re-negotiations and recurring revenue expansion.

Chip Supply Chain showed renewed buying, anchored by Taiwan Semiconductor (TSMC) at $175.63 (+2.1%) and AMD at $162.85 (+1.9%), while the sector average rose +0.8% on the day and is +16.2% over 20 days. Both names sit above their 50-day trend, and the group’s +2.9% vs50MA reading reflects continued investor confidence in secular semiconductor demand tied to AI infrastructure.

Logistics disappointed as downside pressure continued: UPS at $117.19 (-1.7%) and FedEx at $203.70 (-1.8%) were among the worst performers, leaving the Logistics sector average down -1.8% for the day and negative across 50 days with a -3.8% vs50MA posture. The 50-day trend is clearly negative for the sector, signaling margin concerns and cyclical sensitivity that argue for underweight positioning until delivery volumes and fuel-cost dynamics stabilize.

Finance and Analog/Embedded Chips merit caution: the Finance sector averaged -1.1% and sits below its 50-day mark, reflecting tightening breadth among financials, while Analog & Embedded Chips are down -1.0% today and are -2.8% versus their 50-day average. Market participants should note that these sectors are rotating out of favor in the short 50-day window even as broader market breadth remains constructive.

Market Breadth Analysis

US stock market breadth analysis shows 19 of 28 sectors trading above their 50-day moving average, while 9 are below. The majority of sectors holding above the 50-day MA indicates healthy medium-term momentum. With 25 sectors positive over 20 days, buying pressure remains broad-based.

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
NVDA	$122.66	+3.4%	+1.2%	+19.5%	+9.4%	ABOVE	0
META	$579.44	+1.7%	+2.7%	+16.6%	+28.7%	ABOVE	0
GOOG	$166.16	-0.1%	+1.2%	+10.1%	-1.0%	ABOVE	2
MSFT	$410.06	-0.1%	-2.7%	+3.7%	-0.5%	BELOW	3
AAPL	$223.80	-0.5%	-0.9%	+2.2%	+3.8%	ABOVE	1
AMZN	$181.96	-1.5%	-3.2%	+6.2%	+1.2%	ABOVE	7
TSLA	$240.66	-3.4%	-7.6%	+14.2%	+9.3%	ABOVE	3

Chip Supply Chain Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
TSM	$175.63	+2.1%	+0.8%	+14.9%	+12.4%	ABOVE	0
AMD	$162.85	+1.9%	-0.9%	+21.2%	+17.7%	ABOVE	0
AVGO	$169.27	+0.7%	-0.5%	+25.9%	+15.5%	ABOVE	0
QCOM	$162.71	+0.4%	-0.7%	+6.8%	-3.2%	ABOVE	0
MRVL	$71.85	+0.3%	+1.8%	+9.1%	+12.9%	ABOVE	0
INTC	$22.26	-0.6%	-6.9%	+17.8%	-28.0%	ABOVE	5

Memory & Storage Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
MU	$101.18	+2.0%	-5.3%	+17.9%	N/A	N/A
STX	$105.68	+0.2%	+0.1%	+11.8%	N/A	N/A
WDC	$50.10	+0.1%	-4.1%	+9.6%	N/A	N/A

EDA & Semiconductor IP Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ARM	$138.24	+0.9%	-5.0%	+17.9%	-7.3%	ABOVE	0
SNPS	$495.41	-0.3%	-3.5%	+6.8%	N/A	N/A	1
CDNS	$265.79	-0.5%	-3.0%	+7.4%	N/A	N/A	1

Infrastructure Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DELL	$112.18	+1.9%	-3.8%	+13.4%	+3.6%	ABOVE	0
VRT	$102.47	+0.4%	+4.3%	+43.1%	+34.3%	ABOVE	0
CSCO	$50.38	-0.4%	-0.4%	+8.9%	+11.8%	ABOVE	1
HPE	$19.51	-0.7%	+1.0%	+16.9%	+5.4%	ABOVE	1
SMCI	$41.55	-1.1%	-1.0%	+7.5%	-40.3%	BELOW	1

AI Networking & Interconnect Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
COHR	$94.27	+3.1%	+4.9%	+37.5%	N/A	N/A	0
ANET	$97.53	+0.1%	+2.6%	+24.1%	N/A	N/A	0
APH	$61.25	-0.1%	-4.5%	+4.0%	N/A	N/A	3

Enterprise Software Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
PLTR	$39.24	+4.7%	+6.5%	+29.4%	+47.4%	ABOVE	0
NOW	$178.13	+1.2%	+1.0%	+8.0%	+7.5%	ABOVE	0
CRM	$277.36	+0.5%	+1.5%	+15.3%	+9.7%	ABOVE	0
ADBE	$503.80	-0.4%	-2.3%	-10.6%	-5.3%	BELOW	1
ORCL	$163.27	-0.5%	-1.1%	+17.7%	N/A	N/A	1

Finance Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
JPM	$196.95	-1.0%	-2.5%	-3.4%	-1.6%	BELOW	1
GS	$469.48	-1.2%	-2.5%	+1.4%	-0.6%	BELOW	1

Healthcare Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UNH	$568.60	+0.1%	+1.9%	-0.3%	+6.3%	ABOVE	0
LLY	$873.32	-0.6%	+0.9%	-1.9%	+7.8%	BELOW	1

Retail Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
WMT	$78.99	+0.0%	+0.8%	+4.9%	+14.9%	ABOVE	0
COST	$866.15	-0.3%	-1.1%	-0.1%	+7.3%	ABOVE	1

IT Services Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ACN	$347.55	+1.4%	+3.3%	+6.3%	+9.4%	ABOVE	0
IBM	$211.11	+1.4%	+0.9%	+10.9%	+16.2%	ABOVE	0

Airlines Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UAL	$55.62	-0.2%	-4.1%	+20.9%	+19.0%	ABOVE	5
DAL	$46.39	-1.9%	-7.9%	+12.9%	+9.6%	ABOVE	5

Hospitality & Travel Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MAR	$245.05	+0.3%	-1.4%	+9.6%	+6.8%	ABOVE	0
BKNG	$161.91	-0.5%	-3.4%	+10.0%	+12.4%	ABOVE	1

Food & Restaurant Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MCD	$291.15	-0.1%	-0.1%	+4.8%	+21.4%	ABOVE	1
SBUX	$90.87	-1.0%	-1.8%	+4.8%	+30.4%	ABOVE	3

Logistics Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UPS	$115.35	-1.7%	-2.6%	+2.5%	+2.5%	ABOVE	3
FDX	$203.70	-1.8%	-2.0%	-7.0%	-11.8%	BELOW	3

Industrial Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
HON	$192.69	-0.5%	-2.3%	+2.4%	+0.5%	ABOVE	4
CAT	$381.56	-0.8%	+0.0%	+18.7%	+13.4%	ABOVE	1

Cybersecurity Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CRWD	$70.94	+1.3%	-0.7%	+15.2%	+11.6%	ABOVE	0
PANW	$167.97	+1.1%	+0.1%	+0.0%	+4.9%	BELOW	0
ZS	$169.63	-0.0%	-1.2%	+8.2%	-6.8%	BELOW	1

Chip Equipment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ASML	$818.69	+0.0%	-1.1%	+10.6%	-3.4%	BELOW	0
KLAC	$76.30	-0.4%	-1.0%	+10.2%	N/A	N/A	1
LRCX	$79.98	-0.4%	-1.9%	+10.9%	-8.0%	ABOVE	1
AMAT	$196.45	-0.8%	-2.6%	+14.2%	-1.3%	ABOVE	1

Data Center REITs Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
EQIX	$839.73	-1.2%	-0.7%	+7.1%	+13.9%	ABOVE	1
DLR	$149.58	-1.4%	-2.4%	+6.9%	+7.6%	ABOVE	3

AI Power & Grid Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
VST	$131.15	+5.6%	+12.5%	+80.1%	N/A	N/A	0
CEG	$274.18	+4.5%	+7.9%	+60.2%	N/A	N/A	0
GEV	$253.61	+0.9%	+1.9%	+28.4%	N/A	N/A	0
PWR	$297.86	-0.2%	+0.6%	+20.4%	N/A	N/A	1
ETN	$319.23	-0.3%	-0.5%	+14.7%	N/A	N/A	1

Utilities Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
NEE	$80.78	-0.4%	+0.6%	+6.3%	+16.6%	ABOVE	1
DUK	$107.84	-0.8%	-0.2%	-0.7%	+7.7%	ABOVE	1
SO	$84.96	-1.0%	+0.7%	+2.6%	+11.1%	ABOVE	1

Energy Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
XOM	$114.97	+0.9%	+5.8%	+8.8%	+4.5%	ABOVE	0
CVX	$139.20	+0.2%	+4.0%	+9.2%	-3.8%	ABOVE	0

Defense & Aerospace Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LMT	$577.96	+0.4%	+4.0%	+6.9%	+16.8%	ABOVE	0
RTX	$119.47	-0.3%	+2.7%	+4.4%	+9.2%	ABOVE	2
GD	$288.37	-1.4%	-0.2%	+2.3%	+3.0%	ABOVE	2

Telecom Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
TMUS	$202.03	-0.0%	+1.4%	+7.8%	+19.2%	ABOVE	1
T	$20.11	-0.6%	+0.7%	+5.2%	+14.9%	ABOVE	1
VZ	$39.05	-1.2%	-0.8%	+8.2%	+11.4%	ABOVE	2

Media & Entertainment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DIS	$91.50	-0.6%	-2.5%	+6.5%	+5.0%	ABOVE	1
NFLX	$70.68	-0.6%	-0.1%	+6.2%	+11.5%	ABOVE	1

Biotech Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GILD	$80.21	-0.7%	+0.7%	+7.9%	+11.0%	ABOVE	1
AMGN	$298.92	-0.7%	-1.6%	-1.0%	-4.9%	BELOW	4

Materials Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LIN	$459.11	-1.3%	-2.0%	+2.8%	+6.3%	ABOVE	1
APD	$273.05	-1.5%	-4.4%	+6.9%	+11.1%	ABOVE	4

Analog & Embedded Chips Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ADI	$220.65	-0.5%	-2.4%	+6.0%	N/A	N/A	1
TXN	$190.84	-0.9%	-3.6%	+2.1%	+2.4%	ABOVE	1
MCHP	$73.21	-1.1%	-4.0%	+4.4%	-9.1%	BELOW	1

Key Stock Movers

Today's biggest movers by absolute percentage change: Vistra (VST) (AI Power & Grid) rose 5.6% to $131.15. Palantir (PLTR) (Enterprise Software) rose 4.7% to $39.24. Constellation Energy (CEG) (AI Power & Grid) rose 4.5% to $274.18. NVIDIA (NVDA) (Mag 7 (AI Spenders)) rose 3.4% to $122.66. Tesla (TSLA) (Mag 7 (AI Spenders)) fell 3.4% to $240.66. 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

Heading into the next session, watch breadth metrics and alert counts for signs of follow-through: 18 sectors remain above their 50-day moving averages but 6 are below, and 15 sectors fell today indicating selective weakness. The 50-day trends favor technology, infrastructure and chip supply-chain exposure while Logistics, Finance and Analog chips warrant defensive positioning. Tactical investors should overweight AI-capex beneficiaries with clear 50-day uptrends and trim cyclicals lacking 50-day support, keeping stop discipline tight around sector 50MA levels.

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