US Stock Market Sector Analysis – Tuesday, September 10, 2024 MIXED

The US stock market opened with a clear divergence as Finance slid sharply, dragging the index lower after JPMorgan (JPM) fell 5.2% and Goldman Sachs (GS) dropped 4.4%, while defensive and tech-adjacent pockets outperformed. Data Center REITs led the rally, rising 4.5% on strength in Digital Realty (DLR) +5.0% and Equinix (EQIX) +4.0%, and Chip Supply Chain names like Broadcom (AVGO) surged 5.2% intraday. The Mag 7 (AI Spenders) group was mixed: Tesla (TSLA) rallied 4.6% and Amazon (AMZN) climbed 2.4%, but Apple (AAPL) dipped 0.4% and NVIDIA (NVDA) was modestly higher by 1.5%. Today's moves reflect a rotation from rate-sensitive finance names into AI infrastructure and data center plays ahead of upcoming earnings and macro prints.

Market Condition Dashboard

US 10-Year Treasury Yield

Neutral

3.65%

falling

Impact

Confidence

Crude Oil (WTI)

Neutral

$65.75

-4.3% 1D

Impact

Confidence

VIX (Fear Index)

Normal Range

19.1

-1.9% 1D

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

The AI investment theme remains the market's structural engine, with infrastructure winners outpacing software names today as investors favor capacity plays. NVIDIA (NVDA) $107.92 showed only a 1.5% gain and remains down 6.9% over 20 days, highlighting near-term consolidation in chips even as Broadcom (AVGO) $145.47 jumped 5.2% on supply-chain optimism. Enterprise software and IT Services continue to trade as beneficiaries of corporate AI budgets — Amazon (AMZN) $179.55 and Microsoft (MSFT) $408.53 both rose, underscoring platform demand even while chip-equipment stress keeps memory and fab suppliers under pressure.

US Stock Sector Overview

Sector	1D	5D	20D	vs 50MA
Mag 7 (AI Spenders)	+1.5%	+0.4%	-1.0%	BELOW
Chip Supply Chain	+2.0%	+0.1%	-0.9%	BELOW
Infrastructure	-1.1%	-4.1%	-4.7%	BELOW
Enterprise Software	+0.5%	+4.0%	+5.9%	ABOVE
Finance	-4.8%	-5.5%	-2.8%	BELOW
Healthcare	+0.0%	-2.8%	+1.9%	ABOVE
Retail	+0.8%	+1.3%	+9.7%	ABOVE
IT Services	+1.3%	+0.8%	+8.2%	ABOVE
Airlines	-0.7%	+6.0%	+14.1%	ABOVE
Hospitality & Travel	-0.2%	-0.2%	+6.2%	BELOW
Food & Restaurant	+0.6%	+1.1%	+3.1%	ABOVE
Logistics	+0.5%	-0.9%	+2.4%	BELOW
Industrial	-0.0%	-1.5%	+0.7%	BELOW
Cybersecurity	-0.2%	-1.6%	-2.8%	BELOW
Chip Equipment	+0.0%	-4.7%	-12.6%	BELOW
Data Center REITs	+4.5%	+4.8%	+4.8%	ABOVE
Utilities	+0.5%	+0.7%	+4.5%	ABOVE
Energy	-2.6%	-2.8%	-4.1%	BELOW
Defense & Aerospace	-0.4%	+0.5%	+3.3%	ABOVE
Telecom	+1.2%	+3.2%	+6.4%	ABOVE
Media & Entertainment	-0.1%	-0.9%	+3.6%	BELOW
Biotech	+1.9%	+1.2%	+6.2%	ABOVE
Materials	+0.3%	-0.8%	+1.5%	ABOVE
Analog & Embedded Chips	-0.5%	-2.1%	-1.6%	BELOW

Sector Strength

Data Center REITs +4.5% 20d: +4.8%

Digital Realty (DLR) +5.0% (20d: +4.8%), Equinix (EQIX) +4.0% (20d: +4.8%)

Chip Supply Chain +2.0% 20d: -0.9%

Broadcom (AVGO) +5.2% (20d: -5.1%) [<50MA], Marvell (MRVL) +3.9% (20d: +11.8%), AMD +3.4% (20d: +1.2%) [<50MA]

Biotech +1.9% 20d: +6.2%

Gilead (GILD) +2.9% (20d: +10.1%), Amgen (AMGN) +0.9% (20d: +2.4%)

Mag 7 (AI Spenders) +1.5% 20d: -1.0%

Tesla (TSLA) +4.6% (20d: +8.8%), Amazon (AMZN) +2.4% (20d: +5.5%), Microsoft (MSFT) +2.1% (20d: +0.2%) [<50MA]

IT Services +1.3% 20d: +8.2%

Accenture (ACN) +1.7% (20d: +8.9%), IBM +0.9% (20d: +7.5%)

Sector Warnings

Finance -4.8% 20d: -2.8%

JPMorgan (JPM) -5.2% (20d: -1.1%) [<50MA], Goldman Sachs (GS) -4.4% (20d: -4.5%) [<50MA]

Energy -2.6% 20d: -4.1%

Exxon Mobil (XOM) -3.6% (20d: -5.2%) [<50MA], Chevron (CVX) -1.5% (20d: -3.0%) [<50MA]

Infrastructure -1.1% 20d: -4.7%

Hewlett Packard Enterprise (HPE) -8.5% (20d: -9.6%) [<50MA], Cisco (CSCO) +0.2% (20d: +7.5%), Super Micro (SMCI) +0.7% (20d: -27.3%) [<50MA]

Airlines -0.7% 20d: +14.1%

United (UAL) -0.7% (20d: +18.3%), Delta (DAL) -0.6% (20d: +9.9%)

Analog & Embedded Chips -0.5% 20d: -1.6%

Texas Instruments (TXN) -0.7% (20d: +1.3%) [<50MA], Microchip Technology (MCHP) -0.3% (20d: -4.5%) [<50MA]

Sector Deep Dive

Data Center REITs outperformed with a 1-day average gain of 4.5%, reflecting investor preference for cloud capacity ahead of AI workloads. Digital Realty (DLR) $147.93 led the cohort, jumping 5.0% and showing a strong 50-day trend ABOVE its moving average, while Equinix (EQIX) $832.72 gained 4.0% and also sits ABOVE the 50-day line. The 50-day window points to sustained accumulation in the group as enterprises lock in colocations and hyperscalers expand footprint, making these names the tactical play for infrastructure exposure within sector analysis of the S&P 500.

Chip Supply Chain advanced 2.0% for the day but remains classified BELOW its 50-day average, signaling a bifurcated recovery. Broadcom (AVGO) $145.47 paced gains with a 5.2% rise, and Marvell (MRVL) $71.21 added 3.9%; however, the broader 50-day context shows the group still digesting earlier strength. Given today’s outperformance by equipment-light suppliers and integrated device firms, investors should prefer diversified supply-chain exposure over concentrated equipment risk as the 50-day trend remains tepid.

Finance was the weakest sector, down 4.8% and clearly under pressure relative to its 50-day slope BELOW the moving average. JPMorgan (JPM) $197.27 slumped 5.2% and Goldman Sachs (GS) $451.16 declined 4.4%, both reflecting sensitivity to missed expectations or macro-driven funding concerns. From a sector analysis standpoint, the 50-day context indicates distribution across major banks; position sizing should be conservative until breadth within Financials improves and the 50-day trend shows stabilization.

Chip Equipment continues to flash a high-severity alert with a 20-day decline of 12.6% and the sector flat on the day but squarely BELOW its 50-day average. This stress shows through to medium-term leadership weakness in capex-related stocks; NVDA’s (NVIDIA) $107.92 muted 1.5% move and its 20-day downtrend amplify caution around upstream equipment orders. For investors tracking AI supply-chain risk, Chip Equipment remains a watchlist short of fundamental confirmation as the 50-day backdrop shows clear underperformance.

Enterprise Software and IT Services are behaving like defensive growth within tech, with Enterprise Software up 0.5% and IT Services up 1.3%, both trading ABOVE their 50-day averages. Microsoft (MSFT) $408.53 rose 2.1% and Amazon (AMZN) $179.55 climbed 2.4%, reinforcing durable cloud spend even as some hardware pockets cool. The 50-day trend in these sectors suggests steady momentum — a place for selective long exposure to companies tied to recurring SaaS and cloud infrastructure contracts.

Market Breadth Analysis

US stock market breadth analysis shows 12 of 24 sectors trading above their 50-day moving average, while 12 are below. An even split above and below the 50-day MA suggests the market lacks directional conviction. Watch for a decisive shift in sector rotation to confirm the next trend.

Interactive Charts

S&P 500 & NASDAQ 100

50-Day Sector Performance

1-Day vs 5-Day Sector Change

Active Alerts

HIGH Chip Equipment down -12.6% over 20 days

MEDIUM NVDA down -16.8% from 20-day high

Stock-Level Detail

Mag 7 (AI Spenders) Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
TSLA	$226.17	+4.6%	+3.1%	+8.8%	N/A	ABOVE	0
AMZN	$179.55	+2.4%	+3.6%	+5.5%	N/A	ABOVE	0
MSFT	$408.53	+2.1%	+1.3%	+0.2%	N/A	BELOW	0
NVDA	$107.92	+1.5%	+1.8%	-6.9%	N/A	BELOW	0
GOOG	$149.06	+0.3%	-4.8%	-9.5%	N/A	BELOW	0
META	$501.42	+0.0%	-1.6%	-4.5%	N/A	ABOVE	0
AAPL	$218.47	-0.4%	-0.3%	-0.5%	N/A	BELOW	1

Chip Supply Chain Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
AVGO	$145.47	+5.2%	-3.8%	-5.1%	N/A	BELOW	0
MRVL	$71.21	+3.9%	+1.0%	+11.8%	N/A	ABOVE	0
AMD	$142.84	+3.4%	+1.4%	+1.2%	N/A	BELOW	0
ARM	$127.22	+1.3%	+5.2%	+2.8%	N/A	BELOW	0
QCOM	$155.74	+0.6%	-1.7%	-4.1%	N/A	BELOW	0
TSM	$158.36	-0.2%	+1.0%	-5.8%	N/A	BELOW	1
INTC	$18.98	-0.5%	-2.3%	-7.3%	N/A	BELOW	1

Infrastructure Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
VRT	$75.28	+1.3%	+0.5%	-1.0%	N/A	BELOW	0
DELL	$103.59	+0.7%	-2.2%	+6.7%	N/A	BELOW	0
SMCI	$41.27	+0.7%	-2.5%	-27.3%	N/A	BELOW	0
CSCO	$46.52	+0.2%	-1.8%	+7.5%	N/A	ABOVE	0
HPE	$15.33	-8.5%	-14.2%	-9.6%	N/A	BELOW	1

Enterprise Software Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
ADBE	$574.48	+0.8%	-0.1%	+7.3%	N/A	ABOVE
NOW	$172.03	+0.5%	+3.0%	+5.1%	N/A	ABOVE
PLTR	$34.76	+0.5%	+13.6%	+14.4%	N/A	ABOVE
CRM	$242.67	+0.2%	-0.6%	-3.3%	N/A	BELOW

Finance Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GS	$451.16	-4.4%	-4.8%	-4.5%	N/A	BELOW	1
JPM	$197.27	-5.2%	-6.3%	-1.1%	N/A	BELOW	1

Healthcare Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UNH	$572.59	+0.8%	-0.9%	+4.3%	N/A	ABOVE	0
LLY	$890.08	-0.8%	-4.8%	-0.6%	N/A	ABOVE	1

Retail Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
WMT	$77.58	+1.9%	+2.0%	+16.0%	N/A	ABOVE	0
COST	$885.97	-0.2%	+0.5%	+3.4%	N/A	ABOVE	1

IT Services Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ACN	$334.52	+1.7%	+1.1%	+8.9%	N/A	ABOVE	0
IBM	$196.02	+0.9%	+0.6%	+7.5%	N/A	ABOVE	0

Airlines Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DAL	$42.43	-0.6%	+2.4%	+9.9%	N/A	ABOVE	1
UAL	$48.42	-0.7%	+9.6%	+18.3%	N/A	ABOVE	1

Hospitality & Travel Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
BKNG	$151.28	+0.8%	+1.2%	+7.7%	N/A	ABOVE	0
MAR	$222.12	-1.3%	-1.7%	+4.6%	N/A	BELOW	1

Food & Restaurant Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
SBUX	$89.26	+1.2%	+1.1%	-2.1%	N/A	ABOVE	0
MCD	$279.46	-0.0%	+1.1%	+8.4%	N/A	ABOVE	1

Logistics Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UPS	$116.39	+0.7%	+0.7%	+3.9%	N/A	ABOVE	0
FDX	$220.62	+0.2%	-2.6%	+0.8%	N/A	BELOW	0

Industrial Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CAT	$326.62	+0.0%	-0.8%	-1.4%	N/A	BELOW	0
HON	$191.43	-0.1%	-2.2%	+2.7%	N/A	BELOW	1

Cybersecurity Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
PANW	$173.79	+1.0%	+0.4%	+4.3%	N/A	ABOVE	0
CRWD	$61.94	+0.5%	-4.5%	-0.1%	N/A	BELOW	0
ZS	$155.90	-2.0%	-0.8%	-12.7%	N/A	BELOW	1

Chip Equipment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
AMAT	$175.43	+0.3%	-2.4%	-11.2%	N/A	BELOW	0
ASML	$739.95	+0.2%	-7.4%	-13.6%	N/A	BELOW	0
LRCX	$71.91	-0.4%	-4.3%	-13.0%	N/A	BELOW	1

Data Center REITs Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DLR	$147.93	+5.0%	+5.1%	+4.8%	N/A	ABOVE	0
EQIX	$832.72	+4.0%	+4.5%	+4.8%	N/A	ABOVE	0

Utilities Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
NEE	$78.17	+1.4%	+1.5%	+6.0%	N/A	ABOVE	0
SO	$84.66	+0.4%	+0.6%	+3.7%	N/A	ABOVE	0
DUK	$109.89	-0.2%	-0.1%	+3.8%	N/A	ABOVE	1

Energy Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CVX	$128.33	-1.5%	-2.7%	-3.0%	N/A	BELOW	1
XOM	$104.61	-3.6%	-2.8%	-5.2%	N/A	BELOW	1

Defense & Aerospace Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GD	$291.05	+0.3%	+2.7%	+3.5%	N/A	ABOVE	0
RTX	$116.60	-0.7%	-0.7%	+3.5%	N/A	ABOVE	1
LMT	$545.87	-0.8%	-0.5%	+2.9%	N/A	ABOVE	1

Telecom Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
VZ	$38.29	+2.2%	+5.2%	+7.0%	N/A	ABOVE
T	$19.80	+1.0%	+5.5%	+11.2%	N/A	ABOVE
TMUS	$190.83	+0.6%	-1.2%	+0.9%	N/A	ABOVE

Media & Entertainment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DIS	$86.39	+0.1%	-1.0%	+3.3%	N/A	BELOW	0
NFLX	$67.36	-0.3%	-0.9%	+4.0%	N/A	ABOVE	1

Biotech Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GILD	$76.89	+2.9%	+2.9%	+10.1%	N/A	ABOVE	0
AMGN	$311.51	+0.9%	-0.5%	+2.4%	N/A	ABOVE	0

Materials Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
APD	$261.59	+0.5%	+0.2%	-0.5%	N/A	ABOVE	0
LIN	$453.22	+0.1%	-1.8%	+3.4%	N/A	ABOVE	0

Analog & Embedded Chips Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MCHP	$71.61	-0.3%	-2.2%	-4.5%	N/A	BELOW	1
TXN	$190.04	-0.7%	-2.1%	+1.3%	N/A	BELOW	1

Key Stock Movers

Today's biggest movers by absolute percentage change: Hewlett Packard Enterprise (HPE) (Infrastructure) fell 8.5% to $15.33. Broadcom (AVGO) (Chip Supply Chain) rose 5.2% to $145.47. JPMorgan (JPM) (Finance) fell 5.2% to $197.27. Digital Realty (DLR) (Data Center REITs) rose 5.0% to $147.93. Tesla (TSLA) (Mag 7 (AI Spenders)) rose 4.6% to $226.17. 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

Market breadth is split: 12 sectors above their 50MA and 12 below, with 12 up, 7 down and 5 flat today, producing a choppy S&P 500 backdrop. Active alerts remain elevated — Chip Equipment flagged HIGH for a -12.6% 20-day drop and NVDA carries a MEDIUM alert being down 16.8% from its 20-day high — so short-term risk is concentrated in the semiconductor supply chain. Positioning should favor names with clean 50-day trends (Data Center REITs, IT Services, Enterprise Software) while avoiding late-cycle Finance and stressed equipment exposures until breadth and 50-day signals confirm a sustainable rally.

← 2024-09-09

Calendar

2024-09-11 →