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US Stock Market Sector Analysis – Thursday, March 12, 2026 BEARISH

The US stock market faced a challenging session today, with 16 out of 24 sectors closing lower. Notably, the Airlines sector dropped 3.3%, with United Airlines (UAL) leading the declines after a 4.6% fall to $86.53. The Magnificent 7 stocks struggled as well, with all members reporting losses, including Apple (AAPL) down 1.9% at $255.76 and NVIDIA (NVDA) down 1.6% at $183.14. In contrast, the Materials sector showed resilience, gaining 3.2%, driven by strong performances from Air Products (APD) and Linde (LIN).

Sector Performance (Base=100)

Today's Market Events

Key Headlines

  • What's Going on With Gas Prices and What Will Be the Impact? Yahoo
  • 3 Industry-Leading Consumer Companies Using Artificial Intelligence (AI) in Unique Ways Yahoo
  • TSMC (TSM) Taiwan Semiconductor Manufacturing Co., Ltd. (NYSE:TSM) Combines Strong Growth with Bullish Technical Setup ChartMill
  • Explore the top gainers and losers within the S&P500 index in today's session. ChartMill
  • These S&P500 stocks are moving in today's session ChartMill
  • United (UAL) Wall Street’s $138.56 Price Target Makes United Airlines’ Sell-off Look Like a Buying Opportunity Yahoo
  • American Airlines Drops 4% as the Airline Sector Hits an Air Pocket Yahoo
  • WNBA players say they’re 'feeling movement' as league, union push toward landmark CBA CNBC

Earnings Releases

  • Adobe (ADBE) EPS: $6.06 vs est $5.99 (beat)

AI and Technology Sector Analysis

Today, the AI and technology investment theme faced headwinds, particularly among the Magnificent 7, which collectively declined by 1.9%. Stocks like Microsoft (MSFT) and Amazon (AMZN) also saw slight downturns, with prices at $401.86 and $209.53, respectively. The ongoing challenges in the chip supply chain were highlighted by TSMC (TSM) dropping 5.0% to $336.71, indicating potential risks for infrastructure and enterprise software investments in the near term.

US Stock Sector Overview

Sector 1D 5D 20D vs 50MA
Mag 7 (AI Spenders) -1.9% -0.1% -1.2% BELOW
Chip Supply Chain -3.6% +0.5% -1.8% BELOW
Infrastructure -0.4% +2.4% +9.5% BELOW
Enterprise Software +0.0% -4.4% +9.6% BELOW
Finance -3.0% -3.2% -9.7% BELOW
Healthcare -2.6% -1.9% -4.1% BELOW
Retail +1.3% +0.9% -2.9% ABOVE
IT Services -1.6% -6.6% -8.1% BELOW
Airlines -3.3% -3.9% -18.6% BELOW
Hospitality & Travel -2.8% -4.8% -4.7% BELOW
Food & Restaurant -0.8% -0.0% +0.9% ABOVE
Logistics -2.6% -2.8% -10.2% BELOW
Industrial -1.7% +1.1% -4.9% ABOVE
Cybersecurity +0.1% -0.9% -0.2% BELOW
Chip Equipment -3.6% +4.5% -3.5% BELOW
Data Center REITs -0.2% +3.0% +1.0% ABOVE
Utilities +1.0% +0.2% +4.1% ABOVE
Energy +2.0% +2.6% +5.7% ABOVE
Defense & Aerospace -0.4% -2.8% +2.6% ABOVE
Telecom +0.4% -2.9% -0.7% ABOVE
Media & Entertainment -1.0% -3.4% +10.7% BELOW
Biotech -1.6% +0.2% -1.6% ABOVE
Materials +3.2% +4.1% +1.7% ABOVE
Analog & Embedded Chips -4.5% -2.4% -17.4% BELOW

Sector Strength

Materials +3.2% 20d: +1.7%
Air Products (APD) +4.6% (20d: -0.3%), Linde (LIN) +1.8% (20d: +3.7%)
Energy +2.0% 20d: +5.7%
Chevron (CVX) +2.7% (20d: +9.0%), Exxon Mobil (XOM) +1.3% (20d: +2.4%)
Retail +1.3% 20d: -2.9%
Walmart (WMT) +1.5% (20d: -6.2%), Costco (COST) +1.1% (20d: +0.4%)
Utilities +1.0% 20d: +4.1%
Southern Co (SO) +1.6% (20d: +6.5%), Duke Energy (DUK) +1.4% (20d: +5.4%), NextEra Energy (NEE) +0.1% (20d: +0.5%)
Telecom +0.4% 20d: -0.7%
AT&T (T) +0.8% (20d: -4.9%), T-Mobile (TMUS) +0.4% (20d: +0.3%), Verizon (VZ) -0.1% (20d: +2.4%)

Sector Warnings

Analog & Embedded Chips -4.5% 20d: -17.4% CRITICAL
Microchip Technology (MCHP) -4.7% (20d: -20.0%) [<50MA], Texas Instruments (TXN) -4.3% (20d: -14.8%) [<50MA]
Chip Supply Chain -3.6% 20d: -1.8%
Intel (INTC) -5.7% (20d: -2.6%) [<50MA], TSMC (TSM) -5.0% (20d: -8.5%) [<50MA], ARM Holdings (ARM) -4.1% (20d: -5.8%) [<50MA]
Chip Equipment -3.6% 20d: -3.5%
Lam Research (LRCX) -4.3% (20d: -9.4%) [<50MA], Applied Materials (AMAT) -3.9% (20d: +2.8%), ASML -2.5% (20d: -3.9%) [<50MA]
Airlines -3.3% 20d: -18.6% CRITICAL
United (UAL) -4.6% (20d: -20.8%) [<50MA], Delta (DAL) -2.0% (20d: -16.4%) [<50MA]
Finance -3.0% 20d: -9.7%
Goldman Sachs (GS) -4.4% (20d: -12.9%) [<50MA], JPMorgan (JPM) -1.6% (20d: -6.5%) [<50MA]

Sector Deep Dive

The Materials sector emerged as a standout, gaining 3.2% today, supported by strong performances from companies like Air Products (APD), which rose 4.6% to $290.48, and Linde (LIN), up 1.8% at $490.41. This sector's robust performance contrasts sharply with the broader market trends, demonstrating resilience due to increased industrial demand and favorable pricing in commodities.

The Energy sector also posted a positive return, climbing 2.0% led by Chevron (CVX), which increased 2.7% to $196.97. The sector benefited from rising gas prices, as noted in recent news, which could provide a buffer against inflationary pressures. This upward movement is particularly significant as it reflects ongoing supply chain adjustments within the energy markets.

In stark contrast, the Airlines sector faced significant challenges, with a 3.3% decline today. United Airlines (UAL) was one of the top losers, falling 4.6% to $86.53, amid broader concerns over operational costs and demand fluctuations. The sector's struggles are highlighted by a staggering 18.6% decline over the last 20 days, indicating persistent headwinds and potential caution among investors.

The Chip Supply Chain sector continued to underperform, reflecting broader market concerns, with TSMC (TSM) dropping 5.0% to $336.71 and Intel (INTC) falling 5.7% to $45.25. These declines underscore ongoing supply issues and competitive pressures within the semiconductor market, which are likely to impact technology investments moving forward.

Lastly, the Enterprise Software sector remained under pressure, showing no change today but reflecting a steep 22.6% decline over the past 50 days. Salesforce (CRM), despite a 2.7% gain today to $199.28, is indicative of the sector's volatility. This performance could signal a critical juncture for investors as they reassess growth prospects in a shifting economic landscape.

Market Breadth Analysis

US stock market breadth analysis shows 10 of 24 sectors trading above their 50-day moving average, while 14 are below. With the majority of sectors below the 50-day MA, medium-term momentum is deteriorating. The 20-day breadth shows 15 sectors in negative territory, pointing to widespread selling pressure.

Interactive Charts

S&P 500 & NASDAQ 100

20-Day Sector Performance

1-Day vs 5-Day Sector Change

Active Alerts

HIGH Airlines down -18.6% over 20 days
HIGH Logistics down -10.2% over 20 days
HIGH Analog & Embedded Chips down -17.4% over 20 days
HIGH Enterprise Software down -22.6% over 50 days
HIGH IT Services down -22.5% over 50 days
HIGH Airlines down -19.3% over 50 days
HIGH Cybersecurity down -16.8% over 50 days
HIGH 5 sectors declining >5% over 20 days: Finance, IT Services, Airlines, Logistics, Analog & Embedded Chips
HIGH 7 sectors declining >10% over 50 days: Enterprise Software, Finance, Healthcare, IT Services, Airlines, Hospitality & Travel, Cybersecurity

Stock-Level Detail

Mag 7 (AI Spenders) Show individual tickers
Ticker Price 1D 5D 20D vs 50MA Down Days
MSFT $401.86 -0.7% -1.7% +0.2% BELOW 3
AMZN $209.53 -1.5% -1.7% +5.0% BELOW 2
NVDA $183.14 -1.6% +3.0% -2.0% BELOW 1
GOOG $303.21 -1.7% +1.7% -2.0% BELOW 1
AAPL $255.76 -1.9% -0.7% -2.3% BELOW 2
META $638.18 -2.5% -1.0% -1.8% BELOW 1
TSLA $395.01 -3.1% -0.4% -5.3% BELOW 1
Chip Supply Chain Show individual tickers
Ticker Price 1D 5D 20D vs 50MA Down Days
AVGO $335.97 -1.6% +1.7% +1.4% ABOVE 3
QCOM $131.15 -2.2% -3.3% -5.3% BELOW 3
MRVL $87.67 -3.1% -2.1% +12.1% ABOVE 2
AMD $197.74 -3.5% +2.8% -4.0% BELOW 1
ARM $115.12 -4.1% +0.6% -5.8% BELOW 2
TSM $336.71 -5.0% -0.6% -8.5% BELOW 1
INTC $45.25 -5.7% +4.2% -2.6% BELOW 1
Infrastructure Show individual tickers
Ticker Price 1D 5D 20D vs 50MA Down Days
DELL $149.91 +1.7% +2.3% +32.9% ABOVE 0
HPE $21.58 +0.7% +2.1% -2.8% BELOW 0
CSCO $77.74 -0.5% -1.1% +3.7% BELOW 1
VRT $265.38 -1.1% +9.8% +12.2% ABOVE 2
SMCI $30.90 -2.8% -1.3% +1.5% BELOW 1
Enterprise Software Show individual tickers
Ticker Price 1D 5D 20D vs 50MA Down Days
CRM $199.28 +2.7% -1.4% +7.5% BELOW 0
PLTR $153.50 +1.3% -2.3% +18.9% BELOW 0
ADBE $269.78 -1.4% -4.9% +2.8% BELOW 4
NOW $112.97 -2.3% -9.1% +9.4% BELOW 4
Finance Show individual tickers
Ticker Price 1D 5D 20D vs 50MA Down Days
JPM $282.89 -1.6% -2.3% -6.5% BELOW 3
GS $787.52 -4.4% -4.1% -12.9% BELOW 2
Healthcare Show individual tickers
Ticker Price 1D 5D 20D vs 50MA Down Days
LLY $977.25 -2.3% -1.3% -5.7% BELOW 3
UNH $277.05 -2.9% -2.5% -2.6% BELOW 1
Retail Show individual tickers
Ticker Price 1D 5D 20D vs 50MA Down Days
WMT $125.33 +1.5% +1.2% -6.2% ABOVE 0
COST $1003.32 +1.1% +0.5% +0.4% ABOVE 0
IT Services Show individual tickers
Ticker Price 1D 5D 20D vs 50MA Down Days
IBM $247.68 -0.5% -4.3% -4.6% BELOW 4
ACN $196.05 -2.7% -8.8% -11.7% BELOW 4
Airlines Show individual tickers
Ticker Price 1D 5D 20D vs 50MA Down Days
DAL $57.94 -2.0% -1.8% -16.4% BELOW 3
UAL $86.53 -4.6% -6.0% -20.8% BELOW 3
Hospitality & Travel Show individual tickers
Ticker Price 1D 5D 20D vs 50MA Down Days
BKNG $4217.71 -2.4% -7.3% +1.4% BELOW 5
MAR $316.31 -3.1% -2.3% -10.7% BELOW 1
Food & Restaurant Show individual tickers
Ticker Price 1D 5D 20D vs 50MA Down Days
MCD $323.91 -0.4% -1.3% -2.5% ABOVE 3
SBUX $100.18 -1.2% +1.2% +4.2% ABOVE 1
Logistics Show individual tickers
Ticker Price 1D 5D 20D vs 50MA Down Days
FDX $353.13 -2.3% -1.3% -4.4% ABOVE 1
UPS $97.89 -2.9% -4.4% -15.9% BELOW 2
Industrial Show individual tickers
Ticker Price 1D 5D 20D vs 50MA Down Days
CAT $700.69 -1.0% +2.9% -7.6% ABOVE 2
HON $233.40 -2.5% -0.8% -2.2% ABOVE 2
Cybersecurity Show individual tickers
Ticker Price 1D 5D 20D vs 50MA Down Days
PANW $168.12 +1.9% +1.9% +3.3% BELOW 0
CRWD $441.54 -0.1% +2.9% +7.3% ABOVE 1
ZS $151.61 -1.4% -7.6% -11.3% BELOW 4
Chip Equipment Show individual tickers
Ticker Price 1D 5D 20D vs 50MA Down Days
ASML $1351.58 -2.5% +4.5% -3.9% BELOW 1
AMAT $337.27 -3.9% +3.9% +2.8% ABOVE 1
LRCX $209.49 -4.3% +5.1% -9.4% BELOW 1
Data Center REITs Show individual tickers
Ticker Price 1D 5D 20D vs 50MA Down Days
DLR $180.40 -0.1% +2.4% +0.0% ABOVE 2
EQIX $971.47 -0.2% +3.7% +2.0% ABOVE 1
Utilities Show individual tickers
Ticker Price 1D 5D 20D vs 50MA Down Days
SO $97.84 +1.6% +0.4% +6.5% ABOVE 0
DUK $131.82 +1.4% -0.5% +5.4% ABOVE 0
NEE $91.73 +0.1% +0.8% +0.5% ABOVE 0
Energy Show individual tickers
Ticker Price 1D 5D 20D vs 50MA Down Days
CVX $196.97 +2.7% +3.7% +9.0% ABOVE 0
XOM $153.53 +1.3% +1.5% +2.4% ABOVE 0
Defense & Aerospace Show individual tickers
Ticker Price 1D 5D 20D vs 50MA Down Days
LMT $652.83 +0.5% -2.8% +2.4% ABOVE 0
GD $355.23 +0.4% -2.3% +4.2% ABOVE 0
RTX $203.04 -2.0% -3.2% +1.3% ABOVE 1
Telecom Show individual tickers
Ticker Price 1D 5D 20D vs 50MA Down Days
T $27.39 +0.8% -4.4% -4.9% ABOVE 0
TMUS $214.37 +0.4% -3.2% +0.3% ABOVE 0
VZ $50.63 -0.1% -1.0% +2.4% ABOVE 2
Media & Entertainment Show individual tickers
Ticker Price 1D 5D 20D vs 50MA Down Days
NFLX $94.31 -0.6% -4.8% +24.3% ABOVE 5
DIS $99.43 -1.4% -2.1% -2.9% BELOW 3
Biotech Show individual tickers
Ticker Price 1D 5D 20D vs 50MA Down Days
GILD $145.21 -0.5% +0.9% -4.3% ABOVE 2
AMGN $367.79 -2.6% -0.5% +1.1% ABOVE 1
Materials Show individual tickers
Ticker Price 1D 5D 20D vs 50MA Down Days
APD $290.48 +4.6% +6.7% -0.3% ABOVE 0
LIN $490.41 +1.8% +1.5% +3.7% ABOVE 0
Analog & Embedded Chips Show individual tickers
Ticker Price 1D 5D 20D vs 50MA Down Days
TXN $190.05 -4.3% -1.6% -14.8% BELOW 1
MCHP $62.73 -4.7% -3.1% -20.0% BELOW 1

Key Stock Movers

Today's biggest movers by absolute percentage change: Intel (INTC) (Chip Supply Chain) fell 5.7% to $45.25. TSMC (TSM) (Chip Supply Chain) fell 5.0% to $336.71. Microchip Technology (MCHP) (Analog & Embedded Chips) fell 4.7% to $62.73. Air Products (APD) (Materials) rose 4.6% to $290.48. United (UAL) (Airlines) fell 4.6% to $86.53. These individual stock movements were key drivers of their respective sector performance.

Risk and Opportunity Assessment

On the risk side, 9 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

Looking ahead, the market breadth remains concerning, with 14 sectors below their 50-day moving averages. Active alerts indicate heightened volatility, particularly in the Airlines and Logistics sectors, both showing significant declines over the past 20 days. Investors should consider defensive positioning and closely monitor sector performance as the market navigates these uncertainties.

Hypothetical Portfolio

SIMULATION
Value $102,908
P&L +2.91%
Today -1.18%
View full portfolio → Simulation only. Not investment advice.
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