The Canadian Vanguard Stock Market Report – Weekend May 30 -June 1, 2025 Edition
The US 10-year Treasury yield edges down, but Bond Volatility Prevails
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The Toronto Market
The TSX composite index declined -35.51 points or -0.14%, to close the session at 26,175.05. Today was a bit of a volatile market session.
The Market Breadth
Six of the ten TSX major sectors gained, and Telecommunications Services, up 0.56%, was the top sector today. Durable Consumer Goods & Services was up 0.21%; Utilities gained 0.13%; Industrials gained 0.6%; Discretionary Consumer Goods & Services was up a mere 0.03%; and Financials was up a paltry 0.02%. Technology declined -0.23%; Basic Materials was down -0.41%; Healthcare was down -0.54%; and Energy, down -0.74%, was the laggard sector on Friday.
Industry Groups: The top five industry groups in the TSX today were: Consumer Electronics, up 36.58%; Leisure Products, up 4.46%; Auto & Truck Manufacturers, up 4.36%; Coal, up 2.25%; and Retail – Specialty, up 1.67%.
The Week’s Weekly Review: The TSX has been, for several weeks, the best performer of the major North American market indexes that we report on. This week was very positive indeed for all the major sectors, and all the major sectors gained, weekly, this week. Basic Materials, up 2.76%, was the top performer.
The retail stocks did well this week as Discretionary Consumer Goods & Services was up 2.42% for the week, and Durable Consumer Goods & Services gained 2.29%. Technology gained 2.22%; Financials was up 1.20%; Energy was up 1.12%; Utilities was up 1.11%; Telecommunications Services gained 0.69%; Healthcare gained 0.51%, and Industrials gained 0.48%, bringing up the rear on a weekly performance basis.
Today’s Statistics
Today, the issues that declined (Decliners) outnumbered those that gained (Advancers). There were roughly eleven Decliners for every ten Advancers, or a more exact ratio of 1.16-to-1.0. In real numbers, there were 1,010 Decliners to 873 Advancers while 139 stocks remained Unchanged.
Today, there were 64 new 52-Week Highs and 18 new 52-Week Lows. There were 102 new 52-Week Highs and 13 new 52-Week Lows yesterday.
The total volume of shares traded at the TSX today was 655,018,584, or 68% higher than the volume of 390,242,754 shares traded yesterday.
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The US Markets
The Dow Jones was the only major index to end the session with a gain today. The Dow Jones Average index was up 54.34 points or 0.13% to close the session at 42,270.07. The S&P 500 index edged down a marginal -0.48 points or 0.01% to close at 5,911.69. The Nasdaq Composite declined -62.10 points or -0.32%, to close at 19,113.77. In small caps, Russell 2000 declined -8.49 points or -0.41% to close at 2066.29.
The Market Breadth: The market was quite negative today, and only five of the major sectors ended the session gaining. Telecommunications Services was up 0.77%; Utilities was up 0.73%; and Durable Consumer Goods & Services gained 0.70%. Healthcare was up 0.31%, and Financials was up 0.14%. Industrials declined a marginal -0.02%; Technology declined -0.21%; Basic Materials was down -0.29%, and Discretionary Consumer Goods & Services declined -0.31%; Energy, down -0.65%, was the day’s laggard.
Industry Groups: The top five industry groups in the US markets on Friday were: Retail – Discount Stores, up 1.95%; Food Distribution & Convenience Stores, up 1.46%; Tobacco, up 1.43%; Retail – Specialty, up 1.39%; and Insurance – Property & Casualty, up 1.38%.
The Week’s Weekly Review: The US market sessions were quite soft on a couple of days this week, but generally, most sectors managed to gain this week. Industrials sector, up 2.40%, was the top gainer this week. Retail stocks did well as Discretionary Consumer Goods & Services was up 1.76% for the week. Financials was up 1.45%, and Technology declined today, but the sector was up 1.26% this week. Healthcare was up 1.19%; Basic Materials was up 0.71%; Durable Consumer Goods & Services gained 0.67%; Energy was up 0.56%; and Utilities was up 0.39%. Telecommunications Services down -0.56% was the only sector that failed to gain, weekly, this week.
Today’s Market Statistics
At the NYSE, the issues that declined (Decliners) outnumbered the issues that gained (Advancers). There were roughly eleven Decliners for every ten Advancers, or an exact ratio of 1.14-to-1.0. In actual numbers, there were 2,185 Decliners to 1,918 Advancers with 271 Unchanged.
Today, there were 94 new 52-Week Highs and 62 new 52-Week Lows. There were 114 new 52-Week Highs and 35 new 52-Week Lows yesterday.
The total volume of stocks traded today at the NYSE was 6,615,701,840, or 42% higher than the total volume of 4,642,167,395 shares traded yesterday.
On the NASDAQ, the Decliners outnumbered the Advancers. There were roughly seven Decliners for every five Advancers, or an exact ratio of 1.43-to-1.0. In actual numbers, there were 2,651 Decliners to 1,849 Advancers with 241 Unchanged.
Today, there were 78 new 52-Week Highs and 97 new 52-Week Lows. There were 85 new 52-Week Highs and 88 new 52-Week Lows yesterday.
The total volume of shares traded at the NASDAQ today was 9,587,448,628, or 15% lower than the total volume of 11,300,672,440 shares traded yesterday.
Market Roundup Report
It is time again to wear the “caution hat” when at the trading desk. On Wednesday, a court ruled that the tariffs are illegal. However, on Thursday, an appeals court granted a pause on that ruling. Statements from a senior Trump administration official emphasized that tariffs are not going away. Late Friday, President Trump promised to double tariffs on Aluminum and Steel. Monday morning in China, China pushed back against Washington’s accusation that it had violated the Geneva agreement. Tensions between the U.S. and China have risen beyond just trade.
The markets have shown their dislike for the uncertainties about (amounts, process and announcements) tariffs, often responding with sessions which were prone to profound volatility. The month of May is over, and tomorrow is the first market session in the month of June. We advise our readers to be cautious with trades in the early days of the new month, at least until the markets show a clear direction in response to the new tariffs-related uncertainties.
Oil Price: US Oil futures fell to $60.79 per barrel on Friday. However, US Oil price was up and at $61.99 as of the time (7:30pm ET, Sunday) of this post update.
10 –year Treasury Yield: The US 10-year Treasury yield fell nine basis points and was down to 4.41% on Friday. The 10-year yield was at 4.416% as of the time (79:30pm ET, Sunday) of this post update.
After-hours action: Futures slipped Sunday evening. Dow Futures slipped -136.00 points or -0.32% vs. fair value. S&P 500 futures was down -0.35%, and Nasdaq 100 futures slipped -0.41% as of the time (7:30 pm ET, Sunday) of this post update.
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Stock In The News /Stock To Watch
The Toronto Market
Royal Bank of Canada (TSX:RY) stock underperformed on Thursday after quarterly earnings report. The stock, however, recovered a bit of Thursday’s loss on Friday. In the retail sector, Aritzia Inc. (TSX:ATZ) remains a stock to keep an eye on. Retail stocks like Aritzia appear more sensitive to market volatility, especially when tariff-related!
Gold miner stocks, of course, are the stock for refuge when volatility due to tariff uncertainties grips the markets. One gold miner stock which is worth adding to your watchlist is Agnico Eagle Mines Ltd (TSX:AEM). AEM stock declined -0.53% or -$0.86 to close at $161.77 with 3.0M shares traded on Friday.
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The US Markets
Nvidia opened high on Friday, but just like on Thursday, declined most of the day, closing well off the day’s high. Nvidia Corp was down -2.92% or $4.06 to close the session at $135.13 with 333M shares traded. On the other hand, Coreweave, Inc. (CRWV), a company in which NVIDIA is a major shareholder, gained on Friday. CRWV stock doubled during the month of May, but it is currently in consolidation.
CrowdStrike Holdings Inc. (CRWD) is a data security company that should be on your technology watchlist. CRWD stock is up 20% in the last seven weeks and appears to have fully recovered from the mishap in 2024. The company is scheduled to report earnings after hours on Tuesday. Zscaler Inc. (ZS), a digital world security company, gained on Friday after delivering earnings late Thursday. The stock was up 9.79% or $24.59, closing at $275.70 with 10M shares traded.
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Regular Market Day Features
The Canadian Vanguard Beginner Investor’s Watchlist
The Blended Growth Stock Watchlist
EV Manufacturers and Resource Stocks
NOTICE TO READERS
