The Canadian Vanguard Stock Market Report – Monday, May 26, 2025 Edition

Trump Announces Extension on EU Tariff; Stock Markets may breathe a sigh of Relief Tuesday

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The Toronto Market

On Monday, the TSX composite index gained 193.18 points or 0.75%, to close the session at 26,073.13. The TSX is up two consecutive sessions. The index is actually up eleven out of the last twelve sessions.

                                                                                           

The Market Breadth:  Only four of the ten major sectors gained today. Basic Materials, up 1.97%, was the top sector. Energy gained 0.58%; Durable Consumer Goods & Services gained 0.32%; and Utilities was up 0.31%. Financials was down slightly by -0.07%; Discretionary Consumer Goods & Services declined -0.16%; Telecommunications Services declined -0.54%; Industrials sector was down -0.68%; and Technology, down -1.74%, was the laggard sector today.

Industry Groups:  The top five industry groups in the TSX today were: Computer Hardware, up 13.92%; Precious Metals & Minerals, up 1.35%; Auto & Truck Manufacturers, up 2.18%; Entertainment Production, up 1.99%; and Oil & Gas Drilling, up 1.99%.

Today’s Statistics: Today, the issues that gained (Advancers) outnumbered those that declined (Decliners). There was roughly one Advancer for every Decliner, or a more exact ratio of 4.07-to-1.0. In real numbers, there were 1,447 Advancers to 357 Decliners while 119 stocks remained Unchanged.

Today, there were 129 new 52-Week Highs and 8 new 52-Week Lows. There were 47 new 52-Week Highs and 34 new 52-Week Lows on Thursday.

The total volume of shares traded at the TSX today was 190,208,764, or about half of the volume of 401,393,405 shares traded on Thursday. Today, the US stock markets closed for the Memorial Day holiday. The total volume of shares at the TSX was down about fifty per cent, obviously, the Americans stayed away from the markets today.

Market Roundup Report

The TSX has been the best performer of the four major North American market indexes that we follow. The index is up eleven out of the last twelve market sessions.  The index also closed back above the 26,000 level today. The retail sector did better than in most recent sessions: Aritzia Inc. (TSX: ATZ) and Gildan Activewear Inc. (TSX: GIL) were each up at least 3% today. In the Technology sector, Shopify Inc. was up 2.75% and Celestica Inc. (TSX: CLS) was up 3.18%. Gold stocks were not prominent performers today. Agnico Eagle Mines Ltd. (TSX: AEM) was up a mere 0.16%, but Franco-Nevada Corp was up 1.23% today. Gold price was down -0.67%. However, today’s market would not be truly reflective of a regular market session’s data as the US markets, much bigger than the Canadian markets, were closed today for the Memorial Day holiday.

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The US Markets (Friday May 23, 2025)

The US markets closed today for the Memorial Day holiday.

Friday, all the major market indexes closed in the negative. The Dow Jones Average index closed down -256 points or -0.61% at 41,603.07. The S&P 500 index declined -39.19 points or -0.67% to close at 5,802.82. The Nasdaq Composite declined -188.53 points or -1.00%, to close at 18,723.21. In small caps, Russell 2000 was down by -5.71 points to close at 2039.85.

Today’s Market Statistics (Friday)  

At the NYSE, the issues that declined (Decliners) outnumbered the issues that gained (Advancers). There were roughly six Decliners for every five Advancers, or an exact ratio of 1.19-to-1.0. In actual numbers, there were 2,215 Decliners to 1,852 Advancers with 272 Unchanged.

Today, there were 92 new 52-Week Highs and 64 new 52-Week Lows. There were 68 new 52-Week Highs and 99 new 52-Week Lows  on Thursday.

The total volume of stocks traded today at the NYSE was 4,729,412,355, or 10% less than the total volume of 5,209,320,931 shares traded on Thursday.

On the NASDAQ, the Decliners barely outnumbered the Advancers. There were roughly three Decliners for every two Advancers, or an exact ratio of 1.46-to-1.0. In actual numbers, there were 2,671 Decliners to 1,823 Advancers with 151 Unchanged.

Today, there were 70 new 52-Week Highs and 111 new 52-Week Lows. There were 84 new 52-Week Highs and 126 new 52-Week Lows on Thursday.

The total volume of shares traded at the NASDAQ today was 9,121,087,681, or 6% more than the total volume of 8,564,798,952 shares traded on Thursday.

Oil Price:      US Oil price was up at $62.26 a barrel as of the time (11:30pm ET, Monday) of this post update.

10 –year Treasury Yield:   The US Treasury 10-year yield was down to 4.53 today after spiking high yesterday. The 10-year yield was at 4.487% as of the time (10:30pm ET, Monday) of this post update.

After-hours action:  Futures were up in response to President Trump’s extension of the EU tariff. Dow Futures was up 358.00 points or 0.85% vs. fair value. S&P 500 futures was up 0.92%, and Nasdaq 100 futures was up 0.98% as of the time (10:30 pm ET, Monday) of this post update.

Market Roundup Report:    The Trump administration announces extension on EU Tariff.  Stock Markets may breathe a sigh of relief on Tuesday, especially after the Memorial Day Holiday break.

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Regular Market Day Features

The Blended Growth Stock Watchlist

The Toronto Dominion Bank (TSX:TD) and Bank of Montreal (BMO) continued their recent uptrend today. The big-six banks finished the session generally in green today. Volume was down likely because of the US holiday today.

The US markets closed today for the Memorial day holiday.

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