Wednesday’s market session was negative as Economic Contraction reported; Current rally remains intact
The Canadian Vanguard Stock Market Report – Wednesday, June 4, 2025 Edition
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The Toronto Market
The TSX composite index declined -97.64 points or -0.37%, to close the session at 26,329.00. The TSX is down today, but the index remains the best performer of the four major North American market indexes over the past month. The index was up nineteen times in the last twenty-two sessions. The TSX closed in the red today, but a piece of “good news” is that the total volume of shares traded was down. Investors were certainly not rushing for the exits.
The Market Breadth: It was a tough day at the market today. Only two of the ten sectors gained. Basic Materials, up 0.57%, and Discretionary Consumer Goods & Services, up 0.11%, were the two sectors. Healthcare was down marginally at -0.07%; Telecommunications Services declined -0.10%; Financials declined -0.23%; Industrials declined -0.32%; and Technology declined -0.54%. Utilities declined -1.05%; Energy, down -1.17%, and Durable Consumer Goods & Services, down -1.70%, were the laggards today.
Industry Groups: The top five industry groups in the TSX today were: Auto & Truck Manufacturers, up 6.84%; Retail – Specialty, up 3.11%; Marine Port Services, up 2.55%; Apparel & Accessories, up 2.09%; and Leisure Products, up 1.54%.
Today’s Statistics
Today, the issues that gained (Advancers) outnumbered those that declined (Decliners). There were roughly five Advancers for every four Decliners, or a more exact ratio of 1.24-to-1.0. In real numbers, there were 1,051 Advancers to 846 Decliners while 142 stocks remained Unchanged.
Today, there were 152 new 52-Week Highs and 14 new 52-Week Lows. There were 152 new 52-Week Highs and 13 new 52-Week Lows yesterday.
The total volume of shares traded at the TSX today was 403,053,023, or 15% less than the volume of 474,017,830 shares traded yesterday.
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The US Markets
The indexes closed mixed today. The Dow Jones Average index declined -91.90 points or -0.22% to close the session at 42,427.74. The S&P 500 index was up marginally 0.44 points or 0.01% to close at 5,970.81. The Nasdaq Composite was up 61.53 points or 0.32%, to close at 19,460.49. In small caps, Russell 2000 was down -4.50 points or -0.21% to close at 2098.48.
The Market Breadth: The market was negative today and not broad-based, as only three of the sectors gained. Technology, up 0.75%, was the top sector today. Basic Materials gained 0.44%, Healthcare was up 0.38%, and Industrials was unchanged. Discretionary Consumer Goods & Services declined -0.31%, and Durable Consumer Goods & Services declined -0.36%. Financials declined -0.48%; Telecommunications Services was down -0.94%; Utilities -1.58%; and Energy, the top performer yesterday, down -1.68%, was the laggard today.
Industry Groups: The top five industry groups in the US markets on Tuesday were: Homebuilding, up 2.99%; Beverages – Distillers & Wineries, up 2.36%; Leisure Products, up 1.80%; Entertainment Production, up 1.69%; and Real Estate Operations, up 1.57%. The gains were relatively small, reflecting the downbeat, negative tempo of the market today
Today’s Market Statistics
At the NYSE, the issues that gained (Advancers) outnumbered the issues that declined (Decliners). There were roughly six Advancers for every five Decliners, or an exact ratio of 1.30-to-1.0. In actual numbers, there were 2,307 Advancers to 1,780 Decliners with 287 Unchanged.
Today, there were 223 new 52-Week Highs and 45 new 52-Week Lows. There were 171 new 52-Week Highs and 53 new 52-Week Lows yesterday.
The total volume of stocks traded today at the NYSE was 4,829,202,720, or 6% less than the total volume of 5,115,736,702 shares traded yesterday.
On the NASDAQ, the Advancers totally outnumbered the Decliners. There were roughly six Advancers for every five Decliners, or an exact ratio of 1.17-to-1.0. In actual numbers, there were 2,422 Advancers to 2,066 Decliners with 248 Unchanged.
Today, there were 181 new 52-Week Highs and 48 new 52-Week Lows. There were 179 new 52-Week Highs and 70 new 52-Week Lows yesterday.
The total volume of shares traded at the NASDAQ today was 7,810,515,910, or 6% less than the total volume of 8,277,279,837 shares traded yesterday.
Market Roundup Report
Today was not a particularly positive market day. The indexes closed mixed, with S&P 500 index barely unchanged. Dow was down and NASDAQ was up, but changes were less than one per cent, so not major. Volume was down today on the exchanges. Most of the top stocks are currently either extended or close to being extended. Some caution is as such required to avoid taking positions in stocks that are ready for a pullback.
Oil Price: US Oil futures rose today. US Oil price was $62.95 per barrel as of the time (11:30pm ET, Wednesday) of this post update.
10 –year Treasury Yield: The US 10-year Treasury yield slid 11 basis points today. The 10-year yield was at 4.373% as of the time (11:30pm ET, Wednesday) of this post update.
After-hours action: Futures were up slightly Wednesday evening. Dow Futures was up 89.00 points or 0.20% vs. fair value. S&P 500 futures was up 11.25 or -0.19%, and Nasdaq 100 futures was up 51.50 or 0.23% as of the time (11:30 pm ET, Wednesday) of this post update.
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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
Tesla was down, but BYD Company is the EV stock for your watchlist. Resource and Energy stocks were down today. Constellation Energy (CEG) was down 4%. We expect this downward move today to be temporary for Constellation Energy.
NOTICE TO READERS
