Markets Stage Strong Rebound as Nasdaq Leads with High-Growth Momentum

The Canadian Vanguard Stock Market Report – Monday November 24, 2025 Edition

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The Toronto Market

The S&P/TSX Composite Index rose 443.70 points, or 1.47%, to close at 30,604.35. The market extended Friday’s momentum, finishing just 57 points shy of doubling the previous session’s gains. Overall sentiment was decisively positive, with broad-based strength across sectors. Gold miners, in particular, posted substantial advances, contributing meaningfully to the index’s upward move.

                                                                                                                                                                                                         

Toronto Market Statistics

Market breadth was strongly positive. Advancing issues outnumbered decliners by roughly seven to two, with 1,631 advancers versus 466 decliners, resulting in an advancer-to-decliner ratio of 3.50:1. An additional 106 issues finished unchanged, indicating broad participation in the day’s upward move.

New 52-week highs totaled 66, a notable improvement from Friday’s 41, while new 52-week lows fell to 24 from 64. This shift reflects a clear strengthening in market momentum and reduced downside pressure.

Total trading volume rose sharply to 687,133,359 shares, a 46% increase from Friday’s 470,830,134 shares. The surge in volume reinforces the day’s advance as conviction-driven rather than purely technical.

Toronto Market Wrap-Up Report

Stocks roared back vigorously after a really terrible week for stocks.  Market breadth was positive, with gains concentrated in resource-sensitive sectors. Gold mining equities were among the strongest contributors, reflecting renewed capital flows into precious metals and related producers. The overall session suggested increased risk appetite, supported by both sector-specific strength and broad index participation.

Among stocks to keep a good eye on is Celestica Inc. (TSX:CLS) was up 14.95% or $59.06 and closed at $454.05. The gold miner stocks have been trending the last two weeks so they would need sometime to climb up. Aggressive investors can ride them up.

     

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The US Markets

All major North American equity benchmarks advanced on Monday, reflecting broad risk-on sentiment. The Dow Jones Industrial Average gained 202.86 points (+0.44%) to close at 46,448.27. The S&P 500 posted a stronger move, rising 102.13 points (+1.55%) to 6,705.12. The Nasdaq Composite led the session with a robust 598.92-point increase (+2.69%), ending at 22,872.01, driven by continued strength in large-cap technology and growth shares.

The Russell 2000 Index also delivered a solid performance, adding 44.70 points (+1.89%) to finish at 2,414.28. After opening slightly above Friday’s close, the index climbed steadily throughout the session, signaling renewed investor interest in small-cap equities. While Monday’s gain did not match Friday’s nearly 3% surge, the continued upward momentum was notable—especially following a difficult previous week. The index’s consistency today underscored strengthening breadth within the small-cap segment.

       

U.S. Market Statistics

New York Stock Exchange (NYSE)
Market breadth remained decisively positive. Advancing issues totaled 2,995, outpacing 1,303 decliners and 365 unchanged listings. This produced an advancer-to-decliner ratio of 2.3:1, indicating roughly two advancing stocks for every decliner and reflecting continued broad-based buying interest.

Leadership broadened as the NYSE recorded 116 new 52-week highs, more than doubling Friday’s 48, while new 52-week lows decreased to 76 from Friday’s 100. This shift suggests improving momentum and reduced downside pressure across the exchange.

Total NYSE trading volume reached 6,250,037,978 shares, up 4.0% from Friday’s 6,006,026,455 shares, reinforcing the strength behind Monday’s gains.

NASDAQ
The Nasdaq also exhibited strong breadth, with 3,263 advancers outweighing 1,479 decliners and 264 unchanged issues. The advancer-to-decliner ratio of 2.2:1 similarly reflects a broad rally across technology and growth categories.

The exchange posted 153 new 52-week highs—more than double Friday’s 73—while new lows fell sharply to 151 from 423, marking a significant improvement in internal market conditions.

Total Nasdaq trading volume came in at 9,584,979,969 shares, a 5.5% decline from Friday’s 10,133,314,818 shares. Despite the lower volume, the significant improvement in market breadth and the large jump in new highs underscore strong underlying demand.

U.S. Market Wrap-Up Report

Technology led U.S. equity markets on Monday, delivering the strongest sector performance with a gain of 2.90%. Basic Materials followed, supported by notable strength in gold miners. Market leadership also rotated back into several stocks that were among Thursday’s steepest decliners—the worst day of last week—highlighting a sharp rebound in risk appetite.

SanDisk Corporation (SNDK) and Micron Technology (MU), both among Thursday’s weakest performers, were significant standouts today. SNDK surged 13.33%, or $26.69, marking one of its strongest single-day advances in recent sessions. Google parent Alphabet Class A (GOOGL) extended its upward trend from last week, rising 6.31%, or $18.92, as large-cap technology remained a driving force behind the Nasdaq’s rally.

     

Other notable outperformers included Comfort Systems USA, which gained 5.70% (up $50.99) accompanied by a remarkable 703% surge in trading volume—suggesting strong conviction buying. Lumentum Holdings (LITE) also posted an impressive rebound, climbing 17.13% (up $43.77) to close at $299.36, with trading volume increasing 84%.

Healthcare stocks also contributed positively, reflecting broad participation across defensive and growth-oriented sectors. Grail Inc. (GRAL) is one of the top performing healthcare stocks today.

     

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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.

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(c) This article is published by The Canadian Vanguard on November 24, 2025.