Gold Retreats, Technology Surges as Growth Sentiment Returns
The Canadian Vanguard Stock Market Report – Monday, October 27, 2025 Edition
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The Toronto Market
The TSX Composite dropped -77.31 points, or -0.25%, to close the session at 30,275.76. The index declined after advancing in the last two consecutive sessions and closed well off the day’s lows.
Today’s Market Statistics
Advancers outnumbered Decliners. There were three Advancers for every two Decliners – a more exact ratio of 1.58-to-1.0. In actual numbers, there were 1,255 Advancers to 793 Decliners while 134 stocks remain Unchanged.
There were 467 new 52-Week Highs and 23 new 52-Week Lows compared with 398 new 52-Week Highs and 15 new 52-Week Lows recorded on Friday. The new highs increased higher on top of Friday’s big increase in new highs.
The total volume of shares traded at the TSX today was 442,144,307, or 10% higher than the volume of 402,805,707 shares traded on Friday.
Technology stocks continued to power ahead Monday, extending their leadership among market sectors. Gold prices retreated sharply, weighing on the Basic Materials group, which was the weakest performer of the day. The sector was one of only two to finish in the red, alongside Durable Consumer Goods & Services.
After lagging on Friday, Discretionary Consumer Goods & Services—home to many retail names—rebounded strongly to finish just behind Technology as one of the day’s top-performing sectors. Financials and Energy also posted solid gains, contributing to the market’s broad-based advance.
Among individual names, Aritzia Inc. (TSX: ATZ) stood out as one of the leading retail stocks. The shares have now risen for four straight sessions and appear poised for a potential rally. Aritzia is trading comfortably above its 25- and 50-day moving averages, though not yet in overextended territory.
Bombardier Inc. Class B (TSX: BBD.B) also maintained its strong momentum. The stock, which already doubled from $100.00 on June 6 to $200.00 on October 6, closed Monday at $198.47, up 1.95% with about 301,000 shares traded. The company is slated to report quarterly earnings on November 6, which investors are watching closely for further catalysts.
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The US Markets
U.S. stocks pushed higher Monday, extending Friday’s momentum and adding to a recent stretch of gains. The Dow Jones Industrial Average rose 337.47 points, or 0.71%, to finish at 47,544.59, strengthening its hold above the 47,000 mark. The S&P 500 added 83.47 points, also up 0.71%, to close at 6,875.16.
The Nasdaq Composite outperformed, climbing 432.59 points, or 1.86%, to 23,637.46, as technology shares continued to lead the broader market higher.
The Russell 2000 index of small-cap stocks inched up 6.97 points, or 0.28%, to end at 2,520.44, after touching an intraday high of 2,540 earlier in the session.
Today’s Market Statistics
At the New York Stock Exchange (NYSE), Advancers outnumbered the Decliners. There were roughly eight Advancers for every five Decliners, or a more exact ratio of 1.7-to-1.0. In actual numbers, there were 2,705 Advancers to 1,558 Decliners with 352 Unchanged.
There were 659 new 52-week highs and 69 new 52-week lows, compared with 540 new highs and 53 new lows recorded on Friday.
Total trading volume of stocks on the NYSE was 5,366,658,576, about 5% higher than Friday’s 5,102,394,988 shares.
At the NASDAQ, advancers led decliners for the third consecutive session. There were six Advancers for every five Decliners or a ratio of 1.2 to 1, with 2,593 advancers, 2,145 decliners, and 275 unchanged.
The exchange recorded 454 new 52-week highs and 85 new 52-week lows, versus 360 new highs and 64 new lows on Friday.
Total volume on the NASDAQ reached 11,086,721,735 shares, about three percent higher than Friday’s 10,749,738,573 shares.
Market Wrap-Up Report
Optimism over a potential breakthrough in the U.S.-China trade negotiations—currently taking place during the ASEAN summit in Kuala Lumpur—helped lift investor sentiment across major indexes Monday. Negotiators from both countries have reportedly agreed on a framework for a potential trade deal, fueling hopes of easing tensions between the world’s two largest economies.
Market indexes advanced across the board, with gains spread widely among most sectors. Technology once again led the way, buoyed by strength in major semiconductor and software names.
Broad Based Gains
Among the top gainers, Arm Holdings Plc (ARM) rose 4.65%, or $7.94, to close at $178.62 on 6.6 million shares traded. IREN Limited (IREN) climbed 3.32% to $64.99 with 33.5 million shares changing hands, while AppLovin Corporation (APP) continued its recent rally, advancing 3.73% or $23.10 to $643.10 with 3.8 million shares traded.
FTAI Aviation Ltd. gained 1.72%, or $3.13, to finish at $185.09 on 2 million shares traded. The company recently completed fundraising for its inaugural Strategic Capital Vehicle, reaching its upsized hard cap of $2 billion in equity commitments—a milestone that underscores investor confidence in its growth strategy.
In contrast, disk drive manufacturers gave back some of last week’s gains. SanDisk Corporation fell 5.19%, or $9.67, to close at $126.67 on 7.2 million shares traded.
Nvidia Corp. (NVDA) added 2.81%, or $5.23, to close at $191.49, with heavy volume of 153 million shares traded. Super Micro Computer Inc. (SMCI) also saw renewed investor interest, jumping 6.76%, or $3.28, to $51.57 on 27.4 million shares traded. The AI-focused server manufacturer—known for its NVIDIA GPU-based data center systems—appears to be regaining ground after last year’s listing concerns on the Nasdaq were resolved. The stock remains 22.4% below its 52-week high of $66.44, reached on February 19, but has now logged two consecutive sessions of gains. Analysts say SMCI’s global client base could help fuel a potential turnaround.
Meanwhile, Qualcomm Inc. (QCOM) was in focus after unveiling its AI200 and AI250 rack server lineup, entering the competitive artificial intelligence hardware space dominated by Nvidia and AMD. Qualcomm shares surged 11.1%, or $18.74, to close at $187.68 with 81 million shares traded.
Looking Ahead to Tuesday’s session
Looking ahead to Tuesday’s session, investors will be watching for concrete developments from the U.S.-China trade discussions in Kuala Lumpur, which could set the tone for global markets. Attention will also turn to upcoming U.S. economic data, including consumer confidence and housing figures, for further clues on the strength of domestic demand. Analysts say continued optimism over trade and resilient corporate earnings could sustain the rally, though profit-taking and renewed geopolitical uncertainty remain potential headwinds.
Oil Price: US Oil price is down -$0.81 or -1.425 at $60.39 per barrel, as of the time of this post update.
10 –year Treasury Yield: The 10-year yield is at 3.976%, as of the time of this post update.
After-hours action: Stock Futures are little changed Monday evening. Dow Futures is down -10.00.00 points or 0.02% vs. fair value. S&P 500 futures is down -5.00 points or -0.07% at 6903.50, and Nasdaq 100 futures is down -7.25 points or -0.02% at 25,955.00 as of the time (12:30am ET, Tuesday) of this post update.
Note: The markets’ performance during the regular market session often bear little or no semblance to the futures readings the previous evening. Please use as data applicable at the time of capture only.
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(c) This article is published by The Canadian Vanguard on October 27, 2025.
