US Stock Market Sector Analysis – Thursday, March 13, 2025 BEARISH

The US stock market opened under pressure as a fresh round of earnings and sector-specific selling hit technology and enterprise software names, driving a broad market retracement. Enterprise Software led the weakness after Adobe (ADBE) plunged 13.9% and Salesforce (CRM) lost 4.5%, dragging the sector average down 6.7% on the day and contributing to 18 sectors closing lower. The Magnificent 7 (AI Spenders) group extended its slide, with Apple (AAPL) off 3.4% to $208.58 and Meta (META) down 4.7% to $587.73, leaving the Mag 7 basket 2.5% lower today and -16.1% versus the 50-day. Telecom outperformed, helped by Verizon (VZ) rising 2.6% to $39.63, while Chip Supply Chain showed a modest 0.7% gain despite deep 20- and 50-day pressure across semis and infrastructure names.

Market Condition Dashboard

US 10-Year Treasury Yield

Wait & Watch

4.27%

falling

Impact

Confidence

Crude Oil (WTI)

Neutral

$66.55

-1.7% 1D

Impact

Confidence

VIX (Fear Index)

Elevated Caution

24.7

+1.8% 1D

Impact

Confidence

Tracked Stocks Breadth (50DMA)

Strong Cash-Deploy Signal

26%

18 of 68 above 50DMA · -8.8pp 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-related positioning remains the dominant investment theme as the Mag 7 reset broadens into the chip supply chain and enterprise software vendors that service AI deployments. NVIDIA (NVDA) at $115.42 (-0.1%) and Microsoft (MSFT) at $375.08 (-1.2%) are trading well below their 50-day footprints, adding to a pullback that’s pressuring capital goods and data center suppliers. Weakness across Chip Supply Chain and Chip Equipment warns that hardware capex expectations may be moderating, while softness in Enterprise Software and selected cloud names signals near-term demand uncertainty for AI infrastructure and enterprise deployments.

US Stock Sector Overview

Sector	1D	5D	20D	vs 50MA
Mag 7 (AI Spenders)	-2.5%	-5.2%	-16.4%	BELOW
Chip Supply Chain	+0.7%	-1.7%	-17.8%	BELOW
Infrastructure	-3.3%	-2.5%	-17.0%	BELOW
Enterprise Software	-6.7%	-7.7%	-21.4%	BELOW
Finance	-1.6%	-6.6%	-18.6%	BELOW
Healthcare	-1.2%	-4.9%	-8.4%	BELOW
Retail	-2.4%	-7.8%	-18.4%	BELOW
IT Services	-1.9%	-6.7%	-11.9%	BELOW
Airlines	-3.3%	-16.6%	-31.0%	BELOW
Hospitality & Travel	-2.5%	-8.9%	-15.8%	BELOW
Food & Restaurant	-1.7%	-8.6%	-9.0%	BELOW
Logistics	-0.5%	-4.9%	-3.4%	BELOW
Industrial	-0.6%	-4.3%	-2.3%	BELOW
Cybersecurity	-3.3%	-4.0%	-17.0%	BELOW
Chip Equipment	-0.8%	-4.5%	-12.8%	BELOW
Data Center REITs	-3.1%	-2.6%	-10.3%	BELOW
Utilities	+0.7%	-0.3%	+5.3%	ABOVE
Energy	+0.1%	-1.0%	+0.1%	ABOVE
Defense & Aerospace	+0.9%	-1.5%	+5.9%	ABOVE
Telecom	+1.8%	-3.7%	+2.1%	ABOVE
Media & Entertainment	-2.6%	-4.1%	-13.2%	BELOW
Biotech	-0.3%	-3.6%	+6.6%	ABOVE
Materials	+0.1%	-5.2%	-4.2%	BELOW
Analog & Embedded Chips	-0.6%	-11.0%	-3.8%	BELOW

Sector Strength

Telecom +1.8% 20d: +2.1%

Verizon (VZ) +2.6% (20d: +6.5%), AT&T (T) +1.4% (20d: +1.8%), T-Mobile (TMUS) +1.4% (20d: -1.9%)

Defense & Aerospace +0.9% 20d: +5.9%

Lockheed Martin (LMT) +1.4% (20d: +8.4%), RTX Corp (RTX) +1.0% (20d: +3.2%), General Dynamics (GD) +0.4% (20d: +6.1%)

Utilities +0.7% 20d: +5.3%

Duke Energy (DUK) +1.3% (20d: +4.7%), Southern Co (SO) +1.1% (20d: +4.2%), NextEra Energy (NEE) -0.3% (20d: +6.9%)

Chip Supply Chain +0.7% 20d: -17.8%

Intel (INTC) +14.6% (20d: -1.8%), Qualcomm (QCOM) -0.6% (20d: -11.3%) [<50MA], ARM Holdings (ARM) -0.6% (20d: -32.0%) [<50MA]

Sector Warnings

Enterprise Software -6.7% 20d: -21.4% CRITICAL

Adobe (ADBE) -13.9% (20d: -17.7%) [<50MA], Palantir (PLTR) -4.8% (20d: -32.5%) [<50MA], Salesforce (CRM) -4.5% (20d: -17.6%) [<50MA]

Cybersecurity -3.3% 20d: -17.0% CRITICAL

Zscaler (ZS) -4.2% (20d: -11.8%) [<50MA], CrowdStrike (CRWD) -4.1% (20d: -26.7%) [<50MA], Palo Alto Networks (PANW) -1.8% (20d: -12.7%) [<50MA]

Airlines -3.3% 20d: -31.0% CRITICAL

United (UAL) -3.5% (20d: -30.7%) [<50MA], Delta (DAL) -3.0% (20d: -31.3%) [<50MA]

Infrastructure -3.3% 20d: -17.0% CRITICAL

Super Micro (SMCI) -8.0% (20d: -7.6%), Vertiv (VRT) -2.7% (20d: -24.0%) [<50MA], Dell (DELL) -2.3% (20d: -16.2%) [<50MA]

Data Center REITs -3.1% 20d: -10.3% CRITICAL

Digital Realty (DLR) -3.8% (20d: -11.4%) [<50MA], Equinix (EQIX) -2.5% (20d: -9.2%) [<50MA]

Sector Deep Dive

Enterprise Software is the day's focal point, down 6.7% on the session and -21.4% over 20 days, a 50-day trend that is firmly BELOW the moving average. Adobe (ADBE) fell 13.9% to $377.84 after earnings and guidance weakness, and Salesforce (CRM) declined 4.5% to $268.61, underscoring a deteriorating 50-day context where the group has posted double-digit declines and elevated alert status. The 50-day deterioration is feeding quant and discretionary flows away from big software names, pressuring multiples and increasing sensitivity to any further demand misses.

Chip Supply Chain and Chip Equipment continue to show bifurcated action: Intel (INTC) bucked the trend with a 14.6% jump to $23.70 today, but the broader Chip Supply Chain average gained only 0.7% and remains -12.0% over the 50-day window, clearly BELOW its 50-day trend. Chip Equipment is also weak, trading -12.8% over 20 days and below the 50-day line, indicating that supportive demand signals for semiconductor capital expenditure have not yet re-emerged. The contrast between INTC's single-stock bounce and sector-level 50-day deterioration suggests short-term opportunities should be paired with caution until equipment spending shows sustained improvement.

Telecom and Defense provided defensive shelter in a soft tape, with Telecom up 1.8% on the day and ABOVE its 50-day average by 15.7%. Verizon (VZ) rose 2.6% to $39.63 and AT&T (T) added 1.4% to $24.41, reflecting steady cash-flow narratives and yield-seeking flows. Defense & Aerospace was up 0.9% with Lockheed Martin (LMT) rising 1.4% to $452.52, and the sector sits ABOVE its 50-day trend by 3.3%. These pockets of strength contrast with the broader market's 50-day weakness and are acting as relative-value havens for risk-averse positioning.

Hospitality, Travel and Airlines show pronounced stress on the 50-day horizon: Airlines are down 3.3% today and -28.2% versus the 50-day average, while Hospitality & Travel is -14.5% over 50 days and lost 2.5% on the session. The sector-level 50-day deterioration is consistent with active alerts highlighting Airlines down 31.0% over 20 days and sustained below-50MA behavior, signaling structural demand re-evaluation and elevated downside risk without clearer consumer travel trends or margin relief.

Market Breadth Analysis

US stock market breadth analysis shows 5 of 24 sectors trading above their 50-day moving average, while 19 are below. With the majority of sectors below the 50-day MA, medium-term momentum is deteriorating. The 20-day breadth shows 19 sectors in negative territory, pointing to widespread selling pressure.

Interactive Charts

S&P 500 & NASDAQ 100

50-Day Sector Performance

1-Day vs 5-Day Sector Change

Active Alerts

HIGH Mag 7 (AI Spenders) down -16.4% over 20 days

HIGH Chip Supply Chain down -17.8% over 20 days

HIGH Infrastructure down -17.0% over 20 days

HIGH Enterprise Software down -21.4% over 20 days

HIGH Finance down -18.6% over 20 days

HIGH Retail down -18.4% over 20 days

HIGH IT Services down -11.9% over 20 days

HIGH Airlines down -31.0% over 20 days

HIGH Hospitality & Travel down -15.8% over 20 days

HIGH Cybersecurity down -17.0% over 20 days

HIGH Chip Equipment down -12.8% over 20 days

HIGH Data Center REITs down -10.3% over 20 days

HIGH Media & Entertainment down -13.2% over 20 days

HIGH Mag 7 (AI Spenders) down -16.1% over 50 days

HIGH Airlines down -28.2% over 50 days

HIGH 15 sectors declining >5% over 20 days: Mag 7 (AI Spenders), Chip Supply Chain, Infrastructure, Enterprise Software, Finance, Healthcare, Retail, IT Services, Airlines, Hospitality & Travel, Food & Restaurant, Cybersecurity, Chip Equipment, Data Center REITs, Media & Entertainment

HIGH 7 sectors declining >10% over 50 days: Mag 7 (AI Spenders), Chip Supply Chain, Enterprise Software, Airlines, Hospitality & Travel, Logistics, Data Center REITs

MEDIUM AAPL down -15.1% from 20-day high

MEDIUM AMZN down -15.8% from 20-day high

MEDIUM NVDA down -17.5% from 20-day high

MEDIUM META down -19.8% from 20-day high

MEDIUM TSLA down -33.2% from 20-day high

LOW Retail below 50-day MA with avg 6 consecutive down days

LOW Airlines below 50-day MA with avg 6 consecutive down days

Stock-Level Detail

Mag 7 (AI Spenders) Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
NVDA	$115.42	-0.1%	+2.6%	-14.6%	-15.9%	BELOW	1
MSFT	$375.08	-1.2%	-3.7%	-7.6%	-10.7%	BELOW	1
AMZN	$193.89	-2.5%	-2.7%	-15.8%	-12.4%	BELOW	1
GOOG	$164.06	-2.5%	-6.2%	-12.2%	-14.4%	BELOW	1
TSLA	$240.68	-3.0%	-8.4%	-32.4%	-42.3%	BELOW	1
AAPL	$208.58	-3.4%	-12.3%	-13.2%	-16.8%	BELOW	4
META	$587.73	-4.7%	-5.6%	-18.9%	-0.1%	BELOW	1

Chip Supply Chain Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
INTC	$23.70	+14.6%	+14.8%	-1.8%	+19.6%	ABOVE	0
QCOM	$147.92	-0.6%	-5.8%	-11.3%	-1.2%	BELOW	4
ARM	$112.05	-0.6%	-10.8%	-32.0%	-11.0%	BELOW	1
AVGO	$188.95	-1.5%	-1.8%	-18.8%	-18.8%	BELOW	1
MRVL	$68.48	-1.6%	-2.9%	-33.6%	-38.4%	BELOW	1
AMD	$98.11	-2.7%	-2.2%	-12.3%	-19.9%	BELOW	1
TSM	$168.44	-3.1%	-3.1%	-15.0%	-14.4%	BELOW	1

Infrastructure Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CSCO	$57.72	-1.3%	-6.7%	-6.5%	+1.5%	BELOW	4
HPE	$14.25	-2.1%	-6.6%	-30.6%	-31.0%	BELOW	2
DELL	$90.49	-2.3%	+1.1%	-16.2%	-19.2%	BELOW	1
VRT	$82.93	-2.7%	-2.3%	-24.0%	-28.5%	BELOW	1
SMCI	$39.08	-8.0%	+2.2%	-7.6%	+27.4%	ABOVE	1

Enterprise Software Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
NOW	$162.32	-3.7%	-4.6%	-18.0%	-24.0%	BELOW	1
CRM	$268.61	-4.5%	-3.9%	-17.6%	-19.1%	BELOW	1
PLTR	$79.62	-4.8%	-6.2%	-32.5%	+3.2%	BELOW	1
ADBE	$377.84	-13.9%	-15.9%	-17.7%	-15.2%	BELOW	1

Finance Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
JPM	$218.56	-1.2%	-7.1%	-18.5%	-5.4%	BELOW	6
GS	$511.90	-2.0%	-6.2%	-18.7%	-8.0%	BELOW	1

Healthcare Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UNH	$465.65	+0.1%	-2.0%	-9.0%	-4.8%	BELOW	0
LLY	$794.39	-2.5%	-7.8%	-7.9%	+3.8%	BELOW	6

Retail Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
WMT	$83.37	-0.8%	-7.9%	-19.6%	-6.7%	BELOW	6
COST	$884.48	-3.9%	-7.6%	-17.3%	-3.3%	BELOW	6

IT Services Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
IBM	$238.09	-1.5%	-6.0%	-5.2%	+12.3%	ABOVE	1
ACN	$307.60	-2.2%	-7.3%	-18.6%	-9.7%	BELOW	4

Airlines Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DAL	$43.17	-3.0%	-17.6%	-31.3%	-27.5%	BELOW	6
UAL	$69.90	-3.5%	-15.7%	-30.7%	-28.8%	BELOW	6

Hospitality & Travel Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
BKNG	$170.08	-2.4%	-8.1%	-14.1%	-13.8%	BELOW	1
MAR	$234.60	-2.7%	-9.7%	-17.5%	-15.2%	BELOW	4

Food & Restaurant Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MCD	$288.81	-0.6%	-7.4%	-3.5%	+3.3%	ABOVE	4
SBUX	$92.92	-2.7%	-9.8%	-14.5%	+6.6%	BELOW	4

Logistics Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UPS	$106.07	-0.0%	-5.3%	+1.1%	-6.7%	BELOW	4
FDX	$189.25	-1.0%	-4.6%	-7.9%	-13.6%	BELOW	1

Industrial Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
HON	$198.93	+0.2%	-3.6%	+1.2%	-8.3%	BELOW	0
CAT	$328.16	-1.4%	-4.9%	-5.8%	-7.8%	BELOW	4

Cybersecurity Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
PANW	$176.32	-1.8%	-2.5%	-12.7%	-4.3%	BELOW	1
CRWD	$83.13	-4.1%	-0.3%	-26.7%	-4.8%	BELOW	1
ZS	$189.58	-4.2%	-9.2%	-11.8%	+3.5%	BELOW	2

Chip Equipment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
AMAT	$148.44	+0.6%	-3.7%	-18.4%	-8.2%	BELOW	0
ASML	$687.06	-1.2%	-5.1%	-10.6%	-0.0%	BELOW	1
LRCX	$74.66	-1.7%	-4.7%	-9.4%	+4.6%	BELOW	1

Data Center REITs Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
EQIX	$811.04	-2.5%	-3.0%	-9.2%	-10.4%	BELOW	1
DLR	$139.69	-3.8%	-2.2%	-11.4%	-17.2%	BELOW	1

Utilities Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DUK	$113.19	+1.3%	+1.3%	+4.7%	+10.8%	ABOVE	0
SO	$86.07	+1.1%	-1.9%	+4.2%	+9.7%	ABOVE	0
NEE	$70.12	-0.3%	-0.1%	+6.9%	+2.2%	ABOVE	3

Energy Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CVX	$145.66	+0.6%	-1.7%	-0.4%	+8.6%	ABOVE	0
XOM	$104.35	-0.4%	-0.3%	+0.5%	+3.7%	ABOVE	3

Defense & Aerospace Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
LMT	$452.52	+1.4%	-1.2%	+8.4%	-2.5%	ABOVE
RTX	$126.53	+1.0%	+0.6%	+3.2%	+12.7%	ABOVE
GD	$253.91	+0.4%	-3.8%	+6.1%	-0.3%	ABOVE

Telecom Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
VZ	$39.63	+2.6%	-5.1%	+6.5%	+12.3%	ABOVE
T	$24.41	+1.4%	-3.8%	+1.8%	+16.9%	ABOVE
TMUS	$253.37	+1.4%	-2.3%	-1.9%	+17.8%	ABOVE

Media & Entertainment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DIS	$95.08	-1.9%	-8.2%	-11.6%	-12.6%	BELOW	1
NFLX	$89.02	-3.2%	-0.1%	-14.7%	-1.1%	BELOW	1

Biotech Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
AMGN	$300.86	+0.0%	-3.8%	+6.1%	+21.5%	ABOVE	0
GILD	$108.93	-0.6%	-3.5%	+7.0%	+23.2%	ABOVE	4

Materials Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LIN	$445.82	+0.8%	-3.0%	-1.4%	+8.9%	ABOVE	0
APD	$281.72	-0.6%	-7.4%	-7.1%	+2.1%	BELOW	4

Analog & Embedded Chips Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MCHP	$50.13	-0.0%	-13.2%	-3.7%	-8.5%	BELOW	4
TXN	$167.44	-1.2%	-8.9%	-4.0%	-7.0%	BELOW	4

Key Stock Movers

Today's biggest movers by absolute percentage change: Intel (INTC) (Chip Supply Chain) rose 14.6% to $23.70. Adobe (ADBE) (Enterprise Software) fell 13.9% to $377.84. Super Micro (SMCI) (Infrastructure) fell 8.0% to $39.08. Palantir (PLTR) (Enterprise Software) fell 4.8% to $79.62. Meta (META) (Mag 7 (AI Spenders)) fell 4.7% to $587.73. These individual stock movements were key drivers of their respective sector performance.

Risk and Opportunity Assessment

On the risk side, 17 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 remains constrained with only 5 sectors trading above their 50-day averages and 19 below, and active alerts flagging heavy 20-day and 50-day deterioration across Mag 7, Chip Supply Chain, Enterprise Software and Airlines. With 15 sectors down more than 5% over 20 days and seven sectors down over 10% versus the 50-day, positioning should be defensive: favor high-quality Telecom, Utilities and select Defense names while trimming exposure to extended AI and enterprise software longs until 50-day trends stabilize. Monitor alert counts and the number of sectors reclaiming their 50MA as signals to re-enter risk-on allocations.

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