US Stock Market Sector Analysis – Tuesday, October 29, 2024 MIXED

The US stock market closed with a clear technology tilt as Chip Supply Chain names led gains after ARM Holdings (ARM) jumped 4.8% to $157.17 and Broadcom (AVGO) climbed 4.2% to $176.51, driving sector strength of +2.6% on the day. The Magnificent 7 cohort was broadly constructive — Meta (META) rose 2.6% to $589.89 and NVIDIA (NVDA) added 0.5% to $141.03 — supporting a Mag 7 basket up +0.9%. Airlines outperformed with Airlines +2.3% and Delta (DAL) up 3.5% to $56.22 after travel momentum continued, while Utilities lagged after NextEra Energy (NEE) fell 4.0% to $75.57, leaving 13 sectors lower on the day. Overall breadth showed 10 sectors above their 50-day moving average and 10 below, underscoring a bifurcated S&P 500 backdrop driven by AI and cyclical rotations.

Market Condition Dashboard

US 10-Year Treasury Yield

Wait & Watch

4.28%

rising

Impact

Confidence

Crude Oil (WTI)

Neutral

$67.21

-0.2% 1D

Impact

Confidence

VIX (Fear Index)

Normal Range

19.3

-2.3% 1D

Impact

Confidence

Tracked Stocks Breadth (50DMA)

Late-Cycle Caution

75%

51 of 68 above 50DMA · -2.9pp 5D

Impact

Confidence

Put/Call Ratio (5D)

Caution

0.75

Call-Heavy · stable

Impact

Confidence

Signal analysis only — not investment advice

Sector Performance (Base=100)

AI and Technology Sector Analysis

AI and related technology spending remained the dominant investment theme, with the Mag 7 continuing to underpin the market; Meta (META) at $589.89 and NVIDIA (NVDA) at $141.03 both trade well above their 50-day trends, reinforcing the leadership narrative. Strength in the Chip Supply Chain (ARM $157.17, Broadcom $176.51) signals capacity and design wins are being priced in ahead of anticipated infrastructure builds, while Enterprise Software (sector +0.9%) and Infrastructure (+1.1%) gains reflect durable enterprise budgets for cloud and AI projects. Investors should watch chip equipment and analog suppliers as leading indicators for hardware spend, and balance exposure between Mag 7 platform winners and upstream suppliers to capture the AI cycle across the stack.

US Stock Sector Overview

Sector	1D	5D	20D	vs 50MA
Mag 7 (AI Spenders)	+0.9%	+5.5%	+5.5%	ABOVE
Chip Supply Chain	+2.6%	+4.9%	+8.6%	ABOVE
Infrastructure	+1.1%	+3.4%	+7.7%	ABOVE
Enterprise Software	+0.9%	+3.9%	+7.8%	ABOVE
Finance	-0.5%	+0.6%	+7.4%	ABOVE
Healthcare	+0.2%	-0.2%	-1.8%	BELOW
Retail	-0.9%	-1.6%	+1.3%	BELOW
IT Services	-0.3%	-5.8%	-1.0%	BELOW
Airlines	+2.3%	+4.8%	+28.4%	ABOVE
Hospitality & Travel	+1.2%	+2.5%	+6.7%	ABOVE
Food & Restaurant	-0.6%	-0.7%	-1.0%	BELOW
Logistics	-0.5%	+2.4%	+2.0%	BELOW
Industrial	-0.4%	-3.0%	-0.1%	BELOW
Cybersecurity	+1.9%	+3.6%	+10.9%	ABOVE
Chip Equipment	+2.5%	+4.2%	-7.7%	BELOW
Data Center REITs	-0.5%	+6.0%	+8.4%	ABOVE
Utilities	-2.8%	-5.4%	-3.6%	BELOW
Energy	-1.4%	-1.9%	-2.5%	BELOW
Defense & Aerospace	-1.4%	-2.9%	-3.5%	ABOVE
Telecom	-0.4%	-0.9%	+1.0%	ABOVE
Media & Entertainment	+0.7%	+0.6%	+4.5%	ABOVE
Biotech	-0.6%	+0.7%	+1.4%	BELOW
Materials	-0.6%	-2.0%	+4.2%	ABOVE
Analog & Embedded Chips	+2.5%	+4.9%	+2.5%	ABOVE

Sector Strength

Chip Supply Chain +2.6% 20d: +8.6%

ARM Holdings (ARM) +4.8% (20d: +14.7%), Broadcom (AVGO) +4.2% (20d: +5.0%), AMD +4.0% (20d: +4.0%)

Analog & Embedded Chips +2.5% 20d: +2.5%

Texas Instruments (TXN) +2.7% (20d: +3.9%), Microchip Technology (MCHP) +2.4% (20d: +1.1%)

Chip Equipment +2.5% 20d: -7.7%

Lam Research (LRCX) +3.8% (20d: -3.8%) [<50MA], Applied Materials (AMAT) +2.6% (20d: -5.5%) [<50MA], ASML +1.2% (20d: -13.9%) [<50MA]

Airlines +2.3% 20d: +28.4%

Delta (DAL) +3.5% (20d: +18.8%), United (UAL) +1.1% (20d: +38.0%)

Cybersecurity +1.9% 20d: +10.9%

CrowdStrike (CRWD) +3.2% (20d: +11.0%), Zscaler (ZS) +1.5% (20d: +11.9%), Palo Alto Networks (PANW) +0.8% (20d: +10.0%)

Sector Warnings

Utilities -2.8% 20d: -3.6%

NextEra Energy (NEE) -4.0% (20d: -6.9%) [<50MA], Duke Energy (DUK) -2.3% (20d: -1.9%) [<50MA], Southern Co (SO) -2.1% (20d: -1.9%)

Defense & Aerospace -1.4% 20d: -3.5%

RTX Corp (RTX) -2.1% (20d: -1.0%), Lockheed Martin (LMT) -1.5% (20d: -9.4%) [<50MA], General Dynamics (GD) -0.7% (20d: -0.2%)

Energy -1.4% 20d: -2.5%

Exxon Mobil (XOM) -1.4% (20d: -3.5%) [<50MA], Chevron (CVX) -1.3% (20d: -1.6%)

Retail -0.9% 20d: +1.3%

Walmart (WMT) -1.3% (20d: +1.6%), Costco (COST) -0.4% (20d: +1.0%) [<50MA]

Food & Restaurant -0.6% 20d: -1.0%

Starbucks (SBUX) -0.6% (20d: +0.9%), McDonald's (MCD) -0.6% (20d: -2.9%) [<50MA]

Sector Deep Dive

Chip Supply Chain drove the tape today, trading +2.6% as ARM Holdings (ARM) led with a +4.8% move to $157.17 and Broadcom (AVGO) gained +4.2% to $176.51. Over the 50-day window the sector sits ABOVE the 50MA, with ARM and AVGO both trading comfortably above their 50-day levels, signaling that investor conviction in near-term demand for AI-centric chips remains intact. AMD (AMD) added +4.0% to $166.25 and is similarly above its 50-day trend, reinforcing a constructive medium-term trend for semiconductor suppliers and design houses.

Chip Equipment showed a bifurcation between near-term momentum and longer-term drifting averages; Lam Research (LRCX) rose +3.8% to $77.21 even as the Chip Equipment group remains BELOW its 50-day moving average by -13.1% over the 50-day horizon. The 1-day and 5-day strength suggest rebound rallies are taking hold in equipment names, but the 50-day context cautions that a sustained recovery will require confirmation from order momentum and capital expenditure cycles.

Airlines and Travel continued their post-summer strength with Airlines +2.3% and Delta (DAL) up +3.5% to $56.22, comfortably ABOVE the 50-day trend where the sector has outperformed with a 50d change of +63.8%. Hospitality & Travel followed with a +1.2% print and sits ABOVE its 50-day average, indicating durable consumer demand for travel and leisure that pairs with cyclical reopening stories in sector analysis of the S&P 500.

Utilities underperformed, pressured by a cluster of large-cap declines that left the sector BELOW its 50-day trend. NextEra Energy (NEE) slid -4.0% to $75.57, Duke Energy (DUK) fell -2.3% to $107.52, and Southern Co (SO) dropped -2.1% to $84.83, producing a defensive sector losing momentum over the 50-day window. This divergence highlights investor preference for growth and AI-exposed sectors over traditional defensives in the current market environment.

Market Breadth Analysis

US stock market breadth analysis shows 14 of 24 sectors trading above their 50-day moving average, while 10 are below. The majority of sectors holding above the 50-day MA indicates healthy medium-term momentum. With 16 sectors positive over 20 days, buying pressure remains broad-based.

Interactive Charts

S&P 500 & NASDAQ 100

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
META	$589.89	+2.6%	+5.2%	+3.6%	+12.7%	ABOVE	0
GOOG	$170.06	+1.7%	+4.0%	+2.3%	+1.4%	ABOVE	0
AMZN	$190.83	+1.3%	+3.3%	+3.3%	+6.7%	ABOVE	0
MSFT	$426.03	+1.3%	+1.7%	+3.6%	+1.7%	ABOVE	0
NVDA	$141.03	+0.5%	+1.2%	+18.8%	+11.0%	ABOVE	0
AAPL	$231.93	+0.1%	+1.3%	+3.0%	+3.2%	ABOVE	0
TSLA	$259.52	-1.1%	+21.5%	+4.2%	+17.4%	ABOVE	2

Chip Supply Chain Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ARM	$157.17	+4.8%	+10.4%	+14.7%	+20.9%	ABOVE	0
AVGO	$176.51	+4.2%	+3.3%	+5.0%	+8.4%	ABOVE	0
AMD	$166.25	+4.0%	+8.7%	+4.0%	+6.3%	ABOVE	0
QCOM	$169.53	+2.2%	+5.6%	+4.6%	+2.8%	ABOVE	0
MRVL	$84.48	+1.7%	+3.7%	+17.9%	+22.4%	ABOVE	0
TSM	$192.71	+1.2%	-2.0%	+12.0%	+14.9%	ABOVE	0
INTC	$22.90	-0.1%	+4.2%	+2.3%	+9.1%	ABOVE	1

Infrastructure Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
SMCI	$49.12	+2.9%	+8.3%	+17.0%	-19.6%	ABOVE
DELL	$118.57	+0.8%	+1.8%	+7.6%	+10.3%	ABOVE
CSCO	$53.50	+0.7%	-1.1%	+5.8%	+11.7%	ABOVE
HPE	$19.05	+0.7%	+2.9%	-3.1%	+6.6%	ABOVE
VRT	$113.58	+0.2%	+5.0%	+11.3%	+48.8%	ABOVE

Enterprise Software Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CRM	$295.11	+1.7%	+5.1%	+6.9%	+14.3%	ABOVE	0
ADBE	$485.39	+0.9%	+0.1%	-4.0%	-13.7%	BELOW	0
NOW	$190.62	+0.9%	+5.0%	+8.3%	+13.7%	ABOVE	0
PLTR	$44.93	-0.1%	+5.5%	+19.8%	+39.0%	ABOVE	1

Finance Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GS	$506.35	+0.1%	+1.4%	+6.6%	+6.0%	ABOVE	0
JPM	$215.22	-1.2%	-0.2%	+8.2%	+4.5%	ABOVE	1

Healthcare Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LLY	$892.38	+0.9%	+0.0%	+1.4%	-4.9%	BELOW	0
UNH	$539.23	-0.6%	-0.4%	-5.1%	-2.8%	BELOW	1

Retail Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
COST	$878.74	-0.4%	-1.4%	+1.0%	+1.2%	BELOW	4
WMT	$80.43	-1.3%	-1.9%	+1.6%	+9.6%	ABOVE	1

IT Services Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ACN	$350.70	+0.5%	-2.0%	+2.3%	+10.3%	ABOVE	0
IBM	$200.89	-1.2%	-9.6%	-4.2%	+7.3%	BELOW	4

Airlines Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DAL	$56.22	+3.5%	+4.9%	+18.8%	+43.3%	ABOVE	0
UAL	$76.93	+1.1%	+4.7%	+38.0%	+84.2%	ABOVE	0

Hospitality & Travel Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
BKNG	$174.67	+1.8%	+2.7%	+7.3%	+19.9%	ABOVE	0
MAR	$259.74	+0.5%	+2.4%	+6.1%	+18.3%	ABOVE	0

Food & Restaurant Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MCD	$283.04	-0.6%	-1.2%	-2.9%	+3.9%	BELOW	1
SBUX	$93.14	-0.6%	-0.3%	+0.9%	+4.7%	ABOVE	1

Logistics Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
FDX	$213.77	-0.1%	+2.6%	+3.0%	-4.2%	BELOW	1
UPS	$120.41	-0.8%	+2.2%	+1.0%	+4.2%	ABOVE	3

Industrial Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
HON	$196.22	-0.1%	-6.5%	+1.0%	+3.0%	BELOW	5
CAT	$380.13	-0.8%	+0.5%	-1.3%	+13.3%	ABOVE	1

Cybersecurity Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
CRWD	$77.74	+3.2%	+3.9%	+11.0%	+16.7%	ABOVE
ZS	$189.85	+1.5%	+4.9%	+11.9%	-3.7%	ABOVE
PANW	$182.70	+0.8%	+2.0%	+10.0%	-0.7%	ABOVE

Chip Equipment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
LRCX	$77.21	+3.8%	+7.5%	-3.8%	-9.0%	BELOW
AMAT	$187.33	+2.6%	+4.1%	-5.5%	-7.6%	BELOW
ASML	$705.90	+1.2%	+1.2%	-13.9%	-22.6%	BELOW

Data Center REITs Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DLR	$173.83	-0.3%	+10.3%	+14.5%	+23.5%	ABOVE	1
EQIX	$872.33	-0.7%	+1.7%	+2.2%	+9.7%	ABOVE	2

Utilities Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
SO	$84.83	-2.1%	-4.6%	-1.9%	+3.5%	ABOVE	4
DUK	$107.52	-2.3%	-5.1%	-1.9%	+1.8%	BELOW	4
NEE	$75.57	-4.0%	-6.4%	-6.9%	+1.4%	BELOW	1

Energy Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CVX	$137.88	-1.3%	-1.3%	-1.6%	+2.6%	ABOVE	2
XOM	$110.71	-1.4%	-2.5%	-3.5%	+2.4%	BELOW	5

Defense & Aerospace Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GD	$291.83	-0.7%	-0.9%	-0.2%	+2.5%	ABOVE	1
LMT	$521.65	-1.5%	-4.3%	-9.4%	-1.3%	BELOW	6
RTX	$119.01	-2.1%	-3.5%	-1.0%	+4.1%	ABOVE	1

Telecom Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
T	$20.49	+0.3%	-1.4%	+1.2%	+15.3%	ABOVE	0
VZ	$36.82	-0.7%	-3.6%	-6.8%	+2.8%	BELOW	1
TMUS	$219.53	-0.8%	+2.3%	+8.6%	+15.6%	ABOVE	1

Media & Entertainment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
NFLX	$75.94	+1.4%	+1.4%	+6.8%	+8.7%	ABOVE	0
DIS	$93.94	-0.1%	-0.1%	+2.1%	+7.1%	ABOVE	1

Biotech Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
AMGN	$299.26	-0.4%	+0.3%	-1.2%	-3.8%	BELOW	1
GILD	$83.94	-0.8%	+1.0%	+3.9%	+18.9%	ABOVE	2

Materials Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LIN	$463.91	-0.3%	-0.6%	-0.2%	+3.9%	ABOVE	1
APD	$301.46	-0.9%	-3.5%	+8.7%	+16.0%	ABOVE	1

Analog & Embedded Chips Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
TXN	$201.02	+2.7%	+4.8%	+3.9%	+4.3%	ABOVE	0
MCHP	$75.28	+2.4%	+5.0%	+1.1%	-1.0%	ABOVE	0

Key Stock Movers

Today's biggest movers by absolute percentage change: ARM Holdings (ARM) (Chip Supply Chain) rose 4.8% to $157.17. Broadcom (AVGO) (Chip Supply Chain) rose 4.2% to $176.51. NextEra Energy (NEE) (Utilities) fell 4.0% to $75.57. AMD (Chip Supply Chain) rose 4.0% to $166.25. Lam Research (LRCX) (Chip Equipment) rose 3.8% to $77.21. 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

Looking ahead, market participants should monitor alert counts and breadth: 14 sectors are above their 50MA while 10 are below, so rotational risk remains. With Mag 7 and Chip Supply Chain leadership confirmed by positive 50-day trends in key names but chip equipment still wrestling with a below-50-day footprint, position sizing should favor selective exposure to AI infrastructure winners while trimming interest in lagging defensives. Tactical traders can lean into confirmed 50-day breakouts and use tighter stops on positions in sectors that remain below their 50-day averages, keeping S&P 500 breadth metrics and sector-level alerts as daily decision triggers.

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