The Canadian Vanguard Stock Market Report – Tuesday, July 15, 2025 Edition

Chip manufacturers and AI stocks gained, but broader market remained hesitant today

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The Toronto Market

The TSX composite index declined -144.71 points or -0.53%, to close the session at 27,054.14. TSX declined right from the opening bell and remained in the red throughout the session today.

                                                                                                     

The Market Breadth:   Telecommunications Services, up a mere 0.37%, was the top sector today. The market was generally negative. Utilities closed even, finishing the session neither gaining nor losing.  Basic Materials declined -0.47%, and Financials declined -0.54%. Energy declined -0.56%, Industrials declined -0.59% and Healthcare declined -0.81%. Technology declined -0.99%, and Discretionary Consumer Goods & Services declined -1.01%. Durable Consumer Goods & Services, down -1.46%, was the bottom performer among the sectors. Retail stocks did not perform well today.

Industry Groups:  The top five industry groups in the TSX today were: Heavy Electrical Equipment, up 4.88%; Beverages – Non-Alcoholic, up 3.91%; Coal, up 3.88%; Paper Products, up 2.02%; and Tires & Rubber Products, up 1.29%.

Today’s Market Statistics: Today, the issues that declined (Decliners) outnumbered those that gained (Advancers). There were two Decliners for every Advancer, or a more exact ratio of 2.12-to-1.0. In real numbers, there were 1,323 Decliners to 624 Advancers while 143 stocks remained Unchanged.

Today, there were 202 new 52-Week Highs and 17 new 52-Week Lows. There were 149 new 52-Week Highs and 17 new 52-Week Lows yesterday.

The total volume of shares traded at the TSX today was 360,471,134, or 2% less, roughly about the same as the volume of 366,508,402 shares traded yesterday.

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The US Markets

The Dow Jones Average index declined -436.36 points or -0.98%, to close the session at 44,023.29. The S&P 500 index declined -24.80 points or -0.40% to close at 6,243.76. The Nasdaq Composite gained 37.47 points or 0.18%, to close the session at 20,677.80. In small caps, Russell 2000 declined a sizable -44.68 points or -1.99% to close the session at 2205.05. Russel 2000 underperformed today as small caps suffered some shellacking.

The Market Breadth:  Technology, up 0.88%, was the only sector which gained in the market today. Utilities, down -0.70%, and Durable Consumer Goods & Services, down -0.77%, followed. Telecommunications Services declined -0.83%; Industrials declined -0.88%; Discretionary Consumer Goods & Services declined -1.10%; Energy declined -1.26% and Financials declined -1.59%. Healthcare, down -1.87%, was the laggard sector today. It was a negative session. Technology, mainly chip manufacturers and AI data center hardware manufacturers, dominated the day almost exclusively.

Industry Groups:  The top five industry groups in the US markets today were: Marine Port Services, up 4.43%; Semiconductors, up 3.01%; Semiconductor Equipment & Testing, up 1.47%; Software, up 0.47%; and Retail – Catalog & Internet Order, up 0.37%.

Today’s Market Statistics  

At the NYSE, the issues that declined (Decliners) outnumbered the issues that gained (Advancers). There were seven Decliners for every two Advancers, or a more exact ratio of 3.50-to-1.0. In actual numbers, there were 3,241 Decliners to 924 Advancers with 267 Unchanged.

Today, there were 249 new 52-Week Highs and 71 new 52-Week Lows. There were 232 new 52-Week Highs and 44 new 52-Week Lows yesterday.

The total volume of stocks traded today at the NYSE was 5,226,035,929, or 1% more, about the same as the total volume of 4,770,795,637 shares traded yesterday.

On the NASDAQ, the Decliners outnumbered the Advancers. There were roughly five Decliners for every two Advancers, or an exact ratio of 2.66-to-1.0. In actual numbers, there were 3,332 Decliners to 1,252 Advancers with 235 Unchanged.

Today, there were 184 new 52-Week Highs and 87 new 52-Week Lows. There were 146 new 52-Week Highs and 85 new 52-Week Lows yesterday.

The total volume of shares traded at the NASDAQ today was 8,682,102,145, or 5%, one in twenty, more than the total volume of 8,224,491,976 shares traded yesterday.

Market Roundup Report

AI stocks dominated the market today, ending the session with handsome gains, but the broader market was left behind. The broader market was down today.  The rally remains alive, but some market segments may be suffering some fatigue. It is time again for some caution before making purchases and definitely avoid stocks with prices extended as the risk of a pullback may be higher given today’s price actions.

One day’s data is not enough to draw a firm conclusion about the market’s trend. The market will always do whatever it wishes to do. Small caps did rather poorly today. However, today’s market performance could turn out to be a one-day, news-driven rotation to AI and chip manufacturers. That seems unlikely, however, unless the general market fails to hold up. NVIDIA stock (NVDA) appears ready to rally.

Oil Price:     US oil prices fell to $66.52 per barrel earlier today but gained later on expectations that the improving US economy will spur demand. US Oil price is at $66.90 per barrel, as of the time (11:30 pm ET, Tuesday) of this post update.

10 –year Treasury Yield:   The 10-year Treasury yield gained six basis points and was at 4.49% earlier today. The 10-year yield was at 4.471%, as of the time (11:30 am ET, Tuesday) of this post update.

After-hours action:  Futures slipped and were trending down, though slowly, this evening. Dow Futures was down -70.00 points or -0.16% vs. fair value. S&P 500 futures was down -10.75 or -0.17%, and Nasdaq 100 futures was up -41.00 points or -0.18% as of the time (11:30 pm ET, Tuesday) of this post update.

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Stocks In The News /Stocks To Watch

The US Markets

Today, AI companies dominate the list of gaining stocks. Stocks rode on the back of Trump administration’s plan to grant licenses to Nvidia Corps to sell its H20 graphics processing units (GPU) in China. The H20 GPUs offer parallel processing, which is a very desirable feature in AI related computing. Most of the broader market stocks were in the negative territory throughout the market session. The story was, however, different for the AI companies, including computer hardware manufacturers, who can now put together systems based on Nvidia’s GPUs and sell to customers in China’s potentially huge market.

The licensing approval promised by the Trump administration will enable Nvidia to keep ahead of local chip manufacturers in China and will likely dissuade potential competitors from developing their chips. According to Jensen Huang, Nvidia’s CEO, local Chinese companies were likely going to start developing local competitive device products to compete with H20 GPUs, but that threat is now probably stifled with the new licensing approval from the US administration.

 

NOTICE TO READERS

Our readers are strongly advised to conduct their research into individual stocks before making a purchase decision. In addition, investors are advised that past stock performance is no guarantee of future price appreciation. Any recommendation is not a guarantee of any particular stock’s future prices, and The Canadian Vanguard  accepts no responsibility or liability for investors’ or readers’ purchases.

The Canadian Vanguard’s Stock Market Reports, https://www.thecanadianvanguard.com/category/stock-markets/ are composed by senior Financial Industry and Information Technology professionals. We deliberately neither engage nor deploy AI tools to produce these reports.