This tracks how US Technology is performing against the S&P 500: the relative-strength read traders use to find sectors gaining momentum and the strongest stocks within them. Look for three things: whether it is gaining or losing ground on the index, whether the move is broad or led by a few large names, and which stocks lead on relative strength.
Current read · as at 15 Oct 2026
US Technology is underperforming the S&P 500 and losing ground (the lagging zone of the rotation chart). It is up 2.9% over the past month and 69.2% year to date. 6 of 20 stocks are above their 50-day average, with only a minority participating. On 3-month relative strength, PLTR.US, MSFT.US and DELL.US lead the sector.
Relative strength is measured against S&P 500, centred at 100. Above 100 means it outpaced the benchmark.
Performance charts
Rebased to 100 vs S&P 500
End of day
Equal-weight tracks the typical stock (sector breadth); Cap-weight is driven by the largest names. The gap between them shows how broad the move is.
US Technology vs S&P 500
Rising = outperforming
100 = matches benchmark. Above = outpacing it; below = lagging.
Equal-weight minus cap-weight
Participation, not a forecast
Above zero = broad participation (typical stock leading the largest names); below zero = narrow, megacap-driven.
What's underneath the leaders
End of day
Latest-day drivers
- DELL.US-11.27%-0.56%
- ORCL.US-8.83%-0.44%
- ARM.US-6.81%-0.34%
Top 3 account for 33% of the total move.
Contribution is each holding's weight times its one-day move.
Emerging leaders (3-month rank)
- 1PLTR.US+16
- 2MSFT.US+14
- 3DELL.US-2
- 4AMD.US-2
- 5IBM.US+13
Rank 1 = strongest 3-month move. Delta is the rank change; positive means improving.
Breadth and Effective N measure how widely the basket is moving right now — a participation gauge, not a forecast.
Constituents
Weights and contribution to the basket move
AAPL.US | Apple Inc. | $342.96 | +0.50% | 5.0% | +0.02% |
AMAT.US | Applied Materials Inc | $446.63 | -3.79% | 5.0% | -0.19% |
AMD.US | Advanced Micro Devices Inc | $570.82 | -5.73% | 5.0% | -0.29% |
ARM.US | Arm Holdings plc American Depositary Shares | $238.01 | -6.81% | 5.0% | -0.34% |
ASML.US | ASML Holding N.V. New York Registry Shares | $1,650.00 | -3.94% | 5.0% | -0.20% |
AVGO.US | Broadcom Inc | $346.25 | -3.10% | 5.0% | -0.15% |
CSCO.US | Cisco Systems Inc | $113.64 | -1.24% | 5.0% | -0.06% |
DELL.US | Dell Technologies Inc | $507.93 | -11.27% | 5.0% | -0.56% |
IBM.US | International Business Machines | $227.88 | -1.26% | 5.0% | -0.06% |
INTC.US | Intel Corporation | $98.12 | -4.56% | 5.0% | -0.23% |
KLAC.US | KLA Corporation | $178.81 | -2.82% | 5.0% | -0.14% |
LRCX.US | Lam Research Corp | $286.92 | -4.71% | 5.0% | -0.24% |
MSFT.US | Microsoft Corporation | $533.69 | -1.80% | 5.0% | -0.09% |
MU.US | Micron Technology Inc | $914.13 | -4.10% | 5.0% | -0.20% |
NVDA.US | NVIDIA Corporation | $221.30 | -3.16% | 5.0% | -0.16% |
ORCL.US | Oracle Corporation | $130.55 | -8.83% | 5.0% | -0.44% |
PLTR.US | Palantir Technologies Inc. | $200.97 | -3.69% | 5.0% | -0.18% |
SNDK.US | Sandisk Corp | $1,403.34 | -5.33% | 5.0% | -0.27% |
TSM.US | Taiwan Semiconductor Manufacturing | $430.00 | -3.40% | 5.0% | -0.17% |
TXN.US | Texas Instruments Incorporated | $280.65 | -2.50% | 5.0% | -0.13% |
AAPL.US
Apple Inc.
- Last
- $342.96
- 1D
- +0.50%
- Weight
- 5.0%
- Contribution
- +0.02%
AMAT.US
Applied Materials Inc
- Last
- $446.63
- 1D
- -3.79%
- Weight
- 5.0%
- Contribution
- -0.19%
AMD.US
Advanced Micro Devices Inc
- Last
- $570.82
- 1D
- -5.73%
- Weight
- 5.0%
- Contribution
- -0.29%
ARM.US
Arm Holdings plc American Depositary Shares
- Last
- $238.01
- 1D
- -6.81%
- Weight
- 5.0%
- Contribution
- -0.34%
ASML.US
ASML Holding N.V. New York Registry Shares
- Last
- $1,650.00
- 1D
- -3.94%
- Weight
- 5.0%
- Contribution
- -0.20%
AVGO.US
Broadcom Inc
- Last
- $346.25
- 1D
- -3.10%
- Weight
- 5.0%
- Contribution
- -0.15%
CSCO.US
Cisco Systems Inc
- Last
- $113.64
- 1D
- -1.24%
- Weight
- 5.0%
- Contribution
- -0.06%
DELL.US
Dell Technologies Inc
- Last
- $507.93
- 1D
- -11.27%
- Weight
- 5.0%
- Contribution
- -0.56%
IBM.US
International Business Machines
- Last
- $227.88
- 1D
- -1.26%
- Weight
- 5.0%
- Contribution
- -0.06%
INTC.US
Intel Corporation
- Last
- $98.12
- 1D
- -4.56%
- Weight
- 5.0%
- Contribution
- -0.23%
KLAC.US
KLA Corporation
- Last
- $178.81
- 1D
- -2.82%
- Weight
- 5.0%
- Contribution
- -0.14%
LRCX.US
Lam Research Corp
- Last
- $286.92
- 1D
- -4.71%
- Weight
- 5.0%
- Contribution
- -0.24%
MSFT.US
Microsoft Corporation
- Last
- $533.69
- 1D
- -1.80%
- Weight
- 5.0%
- Contribution
- -0.09%
MU.US
Micron Technology Inc
- Last
- $914.13
- 1D
- -4.10%
- Weight
- 5.0%
- Contribution
- -0.20%
NVDA.US
NVIDIA Corporation
- Last
- $221.30
- 1D
- -3.16%
- Weight
- 5.0%
- Contribution
- -0.16%
ORCL.US
Oracle Corporation
- Last
- $130.55
- 1D
- -8.83%
- Weight
- 5.0%
- Contribution
- -0.44%
PLTR.US
Palantir Technologies Inc.
- Last
- $200.97
- 1D
- -3.69%
- Weight
- 5.0%
- Contribution
- -0.18%
SNDK.US
Sandisk Corp
- Last
- $1,403.34
- 1D
- -5.33%
- Weight
- 5.0%
- Contribution
- -0.27%
TSM.US
Taiwan Semiconductor Manufacturing
- Last
- $430.00
- 1D
- -3.40%
- Weight
- 5.0%
- Contribution
- -0.17%
TXN.US
Texas Instruments Incorporated
- Last
- $280.65
- 1D
- -2.50%
- Weight
- 5.0%
- Contribution
- -0.13%
Last price shown at full precision. Contribution is each holding's weight times its one-day move. A dash marks data pending after the latest end-of-day refresh.
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Back to all US sectorsMethodology
Equal weighted. Membership is recalculated nightly from end-of-day data: active US common stocks in the Technology sector with a market cap of at least USD 1 billion and a 90-day average daily value traded of at least USD 5 million, ranked by market cap, top 20. The published index is equal-weighted, tracking the typical stock; a market-cap-weighted companion line (capped at 20% per stock) is shown for comparison. The gap between the two is a participation gauge, not a forecast.