The Canadian Vanguard Stock Market Report – Weekend January 9 – 11, 2026 Edition
Major Market Benchmarks Power Higher as S&P 500 Closes at a Record High
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The Toronto Market
The S&P/TSX Composite Index advanced 234.29 points, or 0.72%, to close at 32,612.92. This marked the index’s second consecutive day of gains, following its last decline on Wednesday. Overall, today’s market session was broadly positive.
TSX Market Statistics
At the TSX, advancing issues outnumbered declining issues. There were 1,700 advancers and 460 decliners, resulting in an advancer-to-decliner ratio of 3.7 to 1, or roughly four advancers for every decliner, with 137 issues unchanged.
New 52-week highs totaled 496, compared with just 20 new 52-week lows. This was notably bullish relative to Thursday’s session, which recorded 195 new 52-week highs and 12 new 52-week lows.
Total trading volume on the TSX reached 425,966,691 shares, down 8% from the 462,060,238 shares traded on Thursday.
Toronto Market Wrap-Up Report
Friday’s session was broadly positive, with eight of the major sectors posting gains. Basic Materials and Energy led the market, while Healthcare and Technology were the weakest performers on the day. Despite Friday’s underperformance, Basic Materials, up 7.39%, and Technology, up 4.05%, were the top two sectors for the week. Utilities was the week’s laggard, edging down 0.03%.
Within the technology sector, Celestica Inc. gained 5.12%, or $20.48, to close at $420.38, with 538,000 shares traded. Shopify declined 1.89%, or $4.41, to close at $229.03 on volume of 1.5 million shares.
One notable standout on Friday was Aritzia Inc. (TSX: ATZ), a stock worth monitoring closely. The company released its earnings report after market close on Thursday, which was well received by investors. Shares of Aritzia rose 4.97%, or $6.22, to close at $131.47, with 1.77 million shares traded during Friday’s session. Analysts are projecting strong growth for the company over the next five years.
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The US Markets
U.S. Market Indexes
The Dow Jones Industrial Average advanced 237.96 points, or 0.48%, to close at 49,504.07. The S&P 500 gained 44.82 points, or 0.65%, ending the session at 6,966.28. The Nasdaq Composite rose 191.33 points, or 0.81%, to finish at 23,671.35.
The Russell 2000 Index climbed 20.32 points, or 0.78%, to close at 2,624.22. It was a strong week for small-cap stocks, with the Russell 2000 ranking second only to the Nasdaq as the week’s top-performing major index. Despite leading the week, the Nasdaq experienced notable volatility, marked by several ups and downs throughout the week.
Today’s U.S. Market Statistics
New York Stock Exchange (NYSE): Advancing issues outnumbered declining issues on the NYSE. There were 2,986 advancers, 1,405 decliners, and 328 issues unchanged, resulting in an advancer-to-decliner ratio of 2.12 to 1, or roughly two advancers for every decliner.
The exchange recorded 708 new 52-week highs and 61 new 52-week lows, compared with 382 new highs and 53 new lows in the previous session.
Total NYSE trading volume reached 5,226,135,177 shares, down 4% from the 5,429,728,719 shares traded yesterday.
NASDAQ: On the NASDAQ, advancing stocks also outpaced declining stocks, producing an advancer-to-decliner ratio of 1.21 to 1, or approximately six advancers for every five decliners. There were 2,594 advancers, 2,143 decliners, and 294 issues unchanged.
The exchange posted 364 new 52-week highs and 99 new 52-week lows, compared with 234 new highs and 78 new lows in the prior session.
Total NASDAQ trading volume amounted to 8,300,342,778 shares, up 4.8% from yesterday’s volume of 7,918,552,968 shares.
U.S. Market Wrap-Up Report
The ongoing market rally gained further momentum on Friday. Basic Materials, up 1.46%, was the top-performing sector both for the day and the week. The sector advanced 5.80% for the week and remains positive for 2025. Seven of the major U.S. market sectors posted gains during the session.
Strength in precious metals—particularly gold and silver—contributed to the sector’s performance. As metal prices rise, shares of silver mining companies typically follow, though not in a linear fashion. Silver prices touched $80 per ounce late last week before pulling back, but rebounded Friday to $79.84 per ounce, up 3.79% on the day. While silver remains classified as a precious metal, its growing industrial applications increasingly support its role as an industrial metal. Although silver prices may have additional upside potential, price movements remain market-dependent. Our focus remains on identifying market trends rather than predicting market outcomes—the market ultimately moves on its own terms.
Healthcare was the laggard sector on Friday, though it still gained 2.54% for the week. Growth stocks were investors’ preferred theme throughout the week. The Financials sector slipped 0.06% on Friday but posted a solid weekly gain of 1.31%. The weakest sectors for the week were Telecommunications Services, down 0.35%, and Utilities, down 0.97%.
Utilities typically function as a defensive, safe-haven sector; however, with market volatility currently subdued and the rally firmly intact, defensive positioning has taken a back seat. With earnings season approaching, some stocks are likely to become extended, while certain technology names may work their way back toward previous highs. Memory and disk drive manufacturers continue to perform well and rank among the market’s top performers.
Our readers are advised to avoid extended stocks and manage exposure prudently to reduce the risk of a potential pullback.
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(c) This article is published by The Canadian Vanguard on January 10, 2026
