S&P 500 market breadth
Trading session ·
On 2026-07-23, the S&P 500 Breadth Score was 499.43 out of 1100 (Neutral), equivalent to 45.40% sector-balanced Breadth Percent. Each of the 11 GICS sectors has equal weight.
Primary market state
Breadth Score
499.43/ 1100
Equivalent to 45.40% Sector Balanced Breadth.
Neutral
Broad participation is mixed across the S&P 500.
Market-state scale
Sector Balanced Breadth on a 0–1100 scale: 60% becomes 660 points. The same measure, expressed as a score.
How is the score calculated?
Find the share of eligible stocks above their 20-session moving average in each sector, then add the 11 sector percentages to get the Breadth Score. Every sector has equal weight. Divide the score by 11 to get Breadth Percent, also called Sector Balanced Breadth.
Across the index
Sector participation
Communication Services
21.74%
Weak
5 of 23 eligible securities above SMA20
Consumer Discretionary
19.15%
Extreme Weakness
9 of 47 eligible securities above SMA20
Consumer Staples
23.53%
Weak
8 of 34 eligible securities above SMA20
Energy
95.24%
Extreme Strength
20 of 21 eligible securities above SMA20
Financials
52.63%
Neutral
40 of 76 eligible securities above SMA20
Health Care
42.37%
Neutral
25 of 59 eligible securities above SMA20
Industrials
54.32%
Neutral
44 of 81 eligible securities above SMA20
Materials
50.00%
Neutral
13 of 26 eligible securities above SMA20
Real Estate
41.94%
Neutral
13 of 31 eligible securities above SMA20
Information Technology
24.32%
Weak
18 of 74 eligible securities above SMA20
Utilities
74.19%
Strong
23 of 31 eligible securities above SMA20
This page shows the published result for this trading session. Read the calculation methodology for the formula, historical membership sources and eligibility rules.