US CPI inflation report surprises, further fuels Ongoing Recovery Rally
The Canadian Vanguard Stock Market Report – Weekend, October 24 – 26, 2025 Edition
. The Stock Market Report is updated regularly during the weekend
The Toronto Market
The S&P/TSX Composite Index advanced 166.79 points (0.55%) to close at 30,353.07. The Toronto market has now risen for three consecutive sessions, with the last two posting triple-digit gains exceeding 0.5% each.
Friday’s Market Statistics: Advancers outnumbered Decliners, with five Advancers for every two Decliners — a ratio of 2.45 to 1. In total, there were 1,411 Advancers, 579 Decliners, and 138 Unchanged issues.
There were 114 new 52-week highs and 12 new 52-week lows, compared with 94 new highs and 29 new lows recorded on Thursday.
Total trading volume on the TSX reached 402,805,707 shares, down 5% from 425,027,979 shares traded on Thursday.
Market Wrap-Up and Highlights
Technology and Financials led the advance on the TSX on Friday, as seven of the ten sectors finished higher. Utilities and Durable Consumer Goods & Services were the session’s laggards. The Technology sector was the standout performer, rising a robust 2.73%.
Shopify Inc. and Celestica Inc. continued to show strong momentum. Celestica (TSX: CLS) has now gained for three consecutive sessions — rising 4.50% ($17.04) on Thursday and adding another 4.97% ($19.67) on Friday. Shopify (TSX: SHOP) climbed 3.07% ($6.95) on Thursday and followed with a 3.69% ($8.61) gain on Friday.
In the Energy space, Cameco Corp. (TSX: CCO) advanced 3.26% ($3.81) on Thursday to close at $120.66 with about 1 million shares traded, and added another 2.26% ($2.73) on Friday on 835.6k shares.
Among small-cap stocks, Aecon Group Inc. (TSX: ARE) surged 12.30% ($3.12) with 941.9k shares changing hands, marking a strong finish to the week.
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The US Markets
The U.S. markets extend the recovery rally as the major U.S. stock indexes posted solid gains today, continuing the recovery rally that began on Thursday. The Dow Jones Industrial Average surged 472.51 points (1.01%) to close at 47,207.12. The S&P 500 rose 53.25 points (0.79%), finishing the session at 6,791.69. The Nasdaq Composite advanced 263.07 points (1.15%) to end at 23,204.87.
The Russell 2000, which tracks small-cap stocks, climbed 30.81 points (1.24%) to close at 2,513.47, making it the top-performing major index for the second consecutive session.
Friday’s Market Statistics: At the New York Stock Exchange (NYSE), advancers outnumbered decliners by roughly 2.18 to 1, with 2,884 issues gaining, 1,323 declining, and 379 unchanged.
There were 540 new 52-week highs and 53 new 52-week lows, compared with 259 new highs and 55 new lows recorded on Thursday.
Total trading volume on the NYSE was 5,102,394,988 shares, about 10% lower than Thursday’s 5,659,857,896 shares.
At the NASDAQ, advancers also led decliners by approximately 2.22 to 1, with 3,291 advancers, 1,479 decliners, and 144 unchanged.
The exchange recorded 360 new 52-week highs and 64 new 52-week lows, versus 130 new highs and 84 new lows on Thursday.
Total volume on the NASDAQ reached 10,749,738,573 shares, roughly in line with Thursday’s 10,849,370,782 shares.
Market Wrap-Up Report
The U.S. Consumer Price Index (CPI) report released today came in slightly hotter than expected, surprising markets but helping to extend the recovery rally that began on Thursday. Investors viewed the data as a sign of continued economic strength rather than renewed inflation pressure.
Equity markets advanced across major indexes as optimism grew that the Federal Reserve would maintain its current policy stance while allowing growth momentum to continue. Bond yields eased slightly, and risk appetite strengthened, with gains led by technology, financial, and industrial sectors.
Market Outlook: Looking ahead, investors will now likely turn their attention to next week’s Federal Reserve commentary, upcoming corporate earnings reports, and key economic data releases, including GDP and consumer spending figures. Market participants will be watching for confirmation that inflation pressures are easing while economic growth remains steady — factors that could determine the pace and timing of future Fed policy.
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(c) This article is published by The Canadian Vanguard on October 24, 2025.
