Dow Hits Record High as Investors Rotate from AI Stocks into Healthcare

The Canadian Vanguard Stock Market Report – Tuesday November 11, 2025 Edition

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The Toronto Market

The S&P/TSX Composite Index gained 92.62 points, or 0.31%, finishing the session at 30,409.25. Gains were evenly distributed across most sectors, indicating a balanced market performance.

                                                                                                                                                                     

Today’s Market Statistics

On the TSX today, advancing issues outnumbered decliners by roughly five to three. Specifically, there were 725 advancers and 1,216 decliners, resulting in an advancer-to-decliner ratio of 1.67 to 1, with 139 issues unchanged.

The exchange recorded 189 new 52-week highs and 9 new 52-week lows, compared with 153 new highs and 28 new lows on Friday.

Total trading volume reached 349,987,115 shares, representing a 24% decrease from the 459,458,620 shares traded in the previous session.

Market Wrap-Up Report

Market breadth favored the gainers today. Energy led all sectors, though several non-energy names were also among the TSX’s top performers. Telecommunication Services, up 1.10%, followed Energy, while Consumer Discretionary, often viewed as a gauge of retail sector strength, ranked next.

Among retail names, Pet Valu Holdings Ltd. stood out as the only retail stock in the day’s top dozen performers, advancing 3.67%.

Bombardier Inc. (BBD.B), a frequent presence among the year’s top gainers, appeared on the list again. The stock rose 1.90%, or $3.79, to close at $203.78, with 223.5K shares traded.

In the energy space, Suncor Energy Inc. climbed 2.2%, or $1.33, to finish at $61.72, on 4.5M shares.

 

Among gold miners, Agnico Eagle Mines (TSX:AEM) and Franco-Nevada Corp. (TSX:FNV) edged lower in what appeared to be a healthy pullback — potentially setting the stage for renewed momentum when gold prices turn higher. In contrast, Wheaton Precious Metals Corp. (TSX:WPM) advanced 1.68%, or $2.41, closing at $145.80 with 621.8K shares traded.

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The US Markets

Major U.S. equity indexes ended the session mixed. The Dow Jones Industrial Average posted a strong gain, rising 559.33 points or 1.18% to close at 47,927.96. The S&P 500 added 14.18 points or 0.21%, finishing at 6,846.61.

In contrast, the Nasdaq Composite slipped 58.87 points or 0.25% to end at 23,468.30.

The Russell 2000, a gauge of small-cap stocks, edged up 2.63 points or 0.11% to 2,458.28. After lagging for much of the session, small caps reversed course late in the day to finish modestly higher.

     

Tuesday’s U.S. Market Statistics

New York Stock Exchange (NYSE)
Advancing issues outnumbered decliners by roughly two to one. There were 2,821 advancers and 1,402 decliners, resulting in an advancer-to-decliner ratio of 2.01 to 1, with 339 issues unchanged.

The NYSE recorded 349 new 52-week highs and 86 new 52-week lows, compared with 73 new highs and 125 new lows in the previous session.

Total trading volume reached 5.08 billion shares, down about 7.5% from 5.50 billion shares traded yesterday.

NASDAQ
At the NASDAQ, advancing stocks also outpaced decliners by roughly six to five. There were 2,574 advancers and 2,101 decliners, producing an advancer-to-decliner ratio of 1.22 to 1, with 291 issues unchanged.

The exchange posted 178 new 52-week highs and 143 new 52-week lows, compared with 184 new highs and 135 new lows in the prior session.

Total trading volume was 7.99 billion shares, about 20% lower than 10.40 billion shares traded yesterday.

Blue chips drove the Dow Jones Industrial Average to a record closing high today. The Dow jumped 559 points, or 1.2%, marking a new all-time high. The S&P 500 reversed earlier losses to finish 0.2% higher, extending its winning streak to three consecutive sessions.

The rally in the Dow was fueled by strong performances from Merck (MRK), Nike (NKE), and Amgen (AMGN) — each gaining roughly 4%. The session marked a particularly strong day for blue-chip stocks, underscoring continued investor rotation into large-cap value names.

     

Sector and Volume Overview

Trading volume across U.S. markets was relatively light. While the Dow and S&P 500 posted gains and the Nasdaq finished slightly lower, total U.S. market turnover was notably below recent averages.

Sector performance reflected a clear rotation from Technology into Healthcare, particularly within the biomedical segment. Healthcare led all sectors, advancing 2.41%, while Technology lagged behind, posting the day’s weakest performance. Utilities followed just ahead of Technology. In total, seven of the eleven S&P sectors closed in positive territory.

Stock Highlights

The Nasdaq Composite remained under pressure for most of the session, briefly paring losses in the afternoon before ending in the red. Nvidia Corp. (NVDA) fell nearly 3%, continuing its recent slide. Given Nvidia’s heavy weighting, its performance remains closely tied to the broader Nasdaq’s direction.

Rocket Lab USA (RKLB), which reported earnings on Monday, initially climbed to $56.96 early in Tuesday’s session but closed down 1.3% at $51.24. The company, still unprofitable like several small modular reactor (SMR) developers, has nevertheless surged 101% year-to-date.

In the mining space, AngloGold Ashanti (AU) rose 6%, extending a four-day winning streak despite gold prices remaining in a short-term pullback.

Commodities

Oil Price:  US Oil crude oil futures rose 1.5% to $61.05 per barrel earlier today. US Oil price was at $60.64 per barrel, as of the time (11:30 pm EDT, Tuesday) of this post update.

Gold price is up $18.50, or 0.46%, at $4,134.50, while silver price is up $0.95, or 1.85%, at $51.68 per ounce as of the time of this post update.

Bitcoin (BTC-USD) is at $104,031.00, up 1.14% as of the time of this post update.

10 –year Treasury Yield:  The bond market was closed Tuesday for Veterans Day.

After-hours action:  Stock Futures rose slightly Tuesday evening. Dow Futures is up 69.00 points or 0.14% vs. fair value. S&P 500 futures is up 22.75 points or 0.33% at 6,893.50 and Nasdaq 100 futures is up 142.25 points or 0.55% at 25,782.75 as of the time (11:30pm EDT, 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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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.

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(c) This article is published by The Canadian Vanguard on Novemb10, 2025.