Dow Declines, Nasdaq Rises as AI and Data Center Stocks Lead Gains

The Canadian Vanguard Stock Market Report – Monday, November 3, 2025 Edition

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The Toronto Market

The S&P/TSX Composite gained 14.32 points, or 0.05%, to close the session at 30,275.06. The TSX index’s gain was small today bit the index as now gained in three consecutive market sessions as of market close today. The index closed well of the session’s lows.

                                                                                                                                                                             

Today’s Market Statistics 

The issues that declined (Decliners) outnumbered those that gained (Advancers). Today, there was roughly one Decliner for every Advancer. In actual numbers, there were 1,087 Decliners to 965 Advancers, an exact Decliner to Advancer ratio of 1.12-to-1.0, while 156 stocks remained Unchanged.

There were 206 new 52-Week highs and 30 new 52-Week lows, compared with 201 new 52-Week Highs and 26 new 52-Week Lows recorded on Friday.

The total trading volume on the TSX reached 430,355,072 shares, down 13% from 494,877,957 shares traded on Friday.

Market Wrap-Up Report

Technology, down 0.81%, was the weakest performing sector on the TSX on Monday. Consumer Discretionary, often viewed as a gauge of retail stocks, led the session as the top-performing sector. Basic Materials finished near the bottom as gold continued its recent pullback. The Financials sector ranked second in performance, while Energy narrowly avoided closing in negative territory.

At the individual stock level, several energy names were among the day’s top performers. Brookfield Renewable Partners (TSX: BEP.UN) gained 3.6%, and Capital Power Corp (TSX: CPX) rose 3.65% (or $2.59) to close at $73.59 with approximately 772,100 shares traded.

Among retail stocks, Aritzia Inc. advanced 2.39%, and Pet Valu Holdings Ltd. (TSX: PET) added 2.59%, both ranking among the top performers in the sector. Notably, Aritzia has now gained for eight of the last ten consecutive sessions.

Overall, Monday’s trading session was largely negative, with only three of the ten sectors posting gains. Decliners outnumbered advancers across the market. Investors may want to monitor whether current market trends are showing signs of shifting, as recent sector movements suggest a potential change in sentiment.

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The US Markets

The major U.S. stock indexes closed mixed on Monday. The Dow Jones Industrial Average fell 226.19 points, or 0.48%, to finish at 47,336.68. The S&P 500 edged up 11.77 points (or 0.17%) to end the session at 6,851.97, while the Nasdaq Composite gained 109.77 points (or 0.46%) to close at 23,834.72.

The Russell 2000 index, fell -8.14 points, or -0.33%, to close the session at 2,471.24, ending a three-session streak of gains for small-cap stocks.

     

Today’s Market Statistics

New York Stock Exchange (NYSE): Declining issues outnumbered advancing issues by roughly seven to five. Specifically, there were 2,482 decliners and 1,849 advancers, producing a decliner-to-advancer ratio of 1.34 to 1, with 297 issues unchanged.

The exchange recorded 202 new 52-week highs and 142 new 52-week lows, compared with 476 new highs and 170 new lows on Friday.

Total NYSE trading volume reached 6,167,209,212 shares, about 5% lower than 6,518,974,570 shares on Friday.

NASDAQ: At the NASDAQ, declining stocks also outpaced advancers by approximately eight to five. There were 2,907 decliners versus 1,839 advancers, yielding a decliner-to-advancer ratio of 1.58 to 1, with 267 issues unchanged.

The exchange posted 160 new 52-week highs and 217 new 52-week lows, compared with 332 new highs and 180 new lows in the prior session. The sharp increase in new lows—from 113 to 180—suggests a bearish shift in market sentiment during today’s trading.

Total NASDAQ trading volume amounted to shares 10,679,309,200, about 4% lower than Friday’s 11,150,842,040 shares.

Market Wrap-Up Report

The Dow Jones Industrial Average declined, while the Nasdaq Composite gained on Monday, as strength in AI-related and data center stocks helped lift the technology sector. Investors continued to rotate toward growth-oriented names amid ongoing optimism surrounding artificial intelligence demand, even as broader market sentiment remained mixed.

Palantir Technologies Inc. (NYSE: PLTR) reported quarterly results after the close on Monday, topping estimates and raising fourth-quarter guidance on stronger AI adoption. Despite the upbeat outlook, the stock fell 4% in after-hours trading. During the regular session, Palantir rose 3.35%, or $6.71, to close at $207.17, with 22.4 million shares traded.

Intel Corp. (NASDAQ: INTC) declined 1.23%, or $0.49, to end at $39.50, with 61.3 million shares traded. Meanwhile, Micron Technology Inc. (NASDAQ: MU) advanced 4.88%, or $10.93, to finish at $234.70, with 21.2 million shares changing hands, as semiconductor and memory-chip stocks benefited from renewed optimism surrounding data center and AI infrastructure demand.

     

Outlook

Investors will turn their attention this week to several key economic reports, including the ISM services index, job openings data, and comments from Federal Reserve officials, which could provide further clues about the path of interest rates. Corporate earnings season continues, with results from several large-cap technology and consumer companies expected to shed light on business conditions heading into year-end.

Market participants appear to remain focused on whether the recent strength in technology and growth stocks can offset broader concerns about slowing economic momentum and tighter financial conditions.

Commodities and the market

Oil Price:  Crude oil futures were little changed as OPEC+ on Sunday decided on only a small oil production hike in December. US Oil price was at $60.21 per barrel, as of the time (11:30 pm ET, Monday) of this post update.

Gold price was down today. Gold price is at $4,010.20, down -0.10% while silver price is at $47.74 per ounce, down -0.66% as of the time of this post update.

Bitcoin (BTC-USD) is at $104,020.00, down -2.45% as of the time of this post update.

10 –year Treasury Yield:   The 10-year Treasury yield edged up to 4.11% earlier in the day. The 10-year yield is at 4.089%, as of the time (11:30 pm ET, Monday) of this post update.

After-hours action: Stock Futures are down slightly Monday evening. Dow Futures is down -370.00 points or -0.76% vs. fair value. S&P 500 futures is down -68.75 points or -1.00% at 6814.50 and Nasdaq 100 futures is down -337.50 points or -1.29% at 25,764.00 as of the time (11:30pm ET, Monday) 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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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 data for these reports.

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(c) This article is published by The Canadian Vanguard on November 3, 2025.