Indexes maintain bullish bent reflecting on-going investors optimism
The Canadian Vanguard Stock Market Report – Thursday, August 28, 2025 Edition
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The Toronto Market
The TSX composite index narrowly finished positive today and gained a mere 1.80 points or 0.01%, to close the session at 28,434.80. The paltry gain today does not negate our conclusion yesterday that the TSX is on a roll. One day’s data is generally not enough to drive a firm conclusion. Today’s performance, at best, sends a message to traders to be careful and to possibly avoid or moderate aggressive trades in the short term.
Today’s Market Statistics: The issues that gained (Advancers) outnumbered those that declined (Decliners). There were roughly six Advancers for every five Decliners, or a more exact ratio of 1.20-to-1.0. In real numbers, there were 1,048 Decliners to 881 Advancers while 175 stocks remained Unchanged.
Today, there were 219 new 52-Week Highs and 30 new 52-Week Lows. There were 228 new 52-Week Highs and 18 new 52-Week Lows yesterday.
The total volume of shares traded at the TSX today was 353,441,334, or 13% lower than the volume of 404,305,168 shares traded yesterday.
Market Roundup Report
TSX has been a top performer this year. On April 8, the index closed at 22,507. That is roughly 6,000 points down from TSX’s closing value today. The index has been on a roll. Interestingly, the total volume of shares traded today was 13% lower than the total volume of shares traded yesterday. The index was down, and the volume was down. Celestica Inc. (TSX:CLS) and Cameco Corp (TSX:CCO) were two of the top three stocks on the TSX today. Celestica has new products for data centers, and Cameco supplies Uranium and related technology.
Nuclear power generation currently looks like the only economically viable option for non-fossil fuel power generation capable of meeting the power hungry needs of the massive data centers being contemplated by technology companies in the industry. The TSX struggled but avoided closing in the red today. The message from the index’s performance today should be read as cautionary for traders to be careful and to possibly avoid or moderate aggressive trades in the short term. The TSX remains on a bullish bent. The current rally is very much alive.
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The US Markets
All three indexes gained with S&P 500 index hitting a new high today. Dow Industrial Average index gained 71.67 points or 0.16%, to close the session at 45,636.90. The S&P 500 index gained 20.46 points or 0.32% and closed the session at 6,501.86. The Nasdaq Composite gained 115.02 points or 0.53%, and closed the session at 21,705.16. In small caps, Russell 2000 gained 4.62 or 0.19%, and closed the session at 2378.41. Small caps struggled a bit today.
Today’s Market Statistics: At the NYSE, the issues that gained (Advancers) outnumbered the issues that declined (Decliners). There were roughly three Advancers for every two Decliners, or a more exact ratio of 1.45-to-1.0. In actual numbers, there were 2,473 Advancers to 1,702 Decliners with 329 Unchanged.
Today, there were 488 new 52-Week Highs and 42 new 52-Week Lows. There were 375 new 52-Week Highs and 25 new 52-Week Lows yesterday.
The total volume of stocks traded today at the NYSE was 4,371,323,160, 2% higher than the total volume of 4,280,625,984 shares traded yesterday.
On the NASDAQ, the Advancers outnumbered the Decliners. There were six Advancers for every five Decliners, or an exact ratio of 1.20-to-1.0. In actual numbers, there were 2,462 Advancers to 2,078 Decliners with 342 Unchanged.
Today, there were 264 new 52-Week Highs and 69 new 52-Week Lows. There were 220 new 52-Week Highs and 51 new 52-Week Lows yesterday.
The total volume of shares traded at the NASDAQ today was 8,047,349,489, or 5% lower than the total volume of 8,485,208,082 shares traded yesterday.
Market Roundup Report
NVIDIA earnings report dominated the news yesterday. NVDA stock price dropped 3% after the earnings report, but while the stock remained in the red throughout the session today, it closed well off lows. Data centers are always, directly or indirectly, in the news. Cloud computing, to most consumers, really means data storage and computing power – two services that data centers routinely provide. Pure Storage Inc. (PSTG) and Rambus Inc. (RMBS) are two companies that we should keep an eye on. They are involved with the production of storage devices deployed at data centers.
Aside from the technology sector, Affirm Holdings (AFRM) and Fabrinet (FN) are also worth being added to your watch list. We shall watch to see if FN stock punches through $356.55 price level tomorrow. Given the FN stock’s current momentum, it should, but the market will always do what it wishes to do. We are happy to always analyze what the market does.
Oil Price: U.S. crude oil prices traded around 63.66 a barrel in the early afternoon. US Oil price was at $64.38 per barrel, as of the time (12:30 am ET, Friday) of this post update.
10 –year Treasury Yield: The 10-year Treasury yield, down the past two days, was at 4.21% in the early afternoon today. The 10-year yield was at 4.211%, as of the time (12:30 am ET, Friday) of this post update.
Gold is at $3,470.00 per troy ounce, while Silver is up 0.147% at $39.04 per ounce as of the time of this post update.
Bitcoin (BTC-USD) is at $111,250.00, down 0.79% as of the time (12:30 am ET, Friday) of this post update.
After-hours Action: Stock Futures are down slightly after the day’s near record high performance. Dow Futures is up -82.00 points or -0.18% vs. fair value. S&P 500 futures is down -6.75 points or -0.11%, and Nasdaq 100 futures is down -45.00 points or -0.19% as of the time (12:30 am ET, Friday) of this post update.
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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.
