U.S. Equity Indexes Rebound, with the NASDAQ Leading Performance
The Canadian Vanguard Stock Market Report – Tuesday December 2, 2025 Edition
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The Toronto Market
The S&P/TSX Composite Index fell 52.50 points (-0.17%) to close at 31,049.28. This marks the index’s second straight decline following a streak of six consecutive gains. Although the TSX opened above the previous session’s close, it slipped into negative territory within the first hour and remained down for the rest of the session. Even so, it ultimately finished well above its intraday lows.
Toronto Market’s Statistics : At the Toronto Stock Exchange (TSX), advancing issues modestly outpaced declining issues by a ratio of approximately 1.08 to 1, with 1,060 advancers, 981 decliners, and 175 issues unchanged.
The session recorded 116 new 52-week highs and 20 new 52-week lows, compared with 154 new highs and 35 new lows in the previous session.
Total trading volume amounted to 430,223,846 shares, representing a 7.5% decrease from the 465,203,404 shares traded yesterday.
Toronto Market Wrap-Up Report
Technology (+3.19%) and Financials (+0.53%) were the top-performing sectors on the TSX today, while all other sectors concluded the session in negative territory. Shares of Canada’s major banks continued their upward momentum, with Royal Bank of Canada and Toronto-Dominion Bank frequently appearing on the list of new 52-week highs over the past three weeks.
Scotiabank (TSX: BNS) initiated the fourth-quarter bank earnings season, reporting adjusted earnings that exceeded expectations.
Laurentian Bank (TSX: LB) announced its acquisition by Fairstone Bank for $1.9 billion in cash, along with the concurrent sale of its retail/SME and syndicated loan portfolios to National Bank (TSX: NA).
Royal Bank of Canada (TSX: RY) closed at $216.21, up 0.99% (or $2.12) on a trading volume of 3.2 million shares.
Shopify Inc. (TSX: SHOP) rebounded sharply, closing up 4.9% (or $10.25) with 1.3 million shares traded, nearly fully recovering the 5% decline recorded yesterday.
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The US Markets
All major U.S. equity benchmarks advanced today, with the exception of the small-cap Russell 2000 Index. The Dow Jones Industrial Average rose 185.13 points (0.39%) to close at 47,474.46. The S&P 500 Index gained 16.74 points (0.25%), ending the session at 6,829.37. The Nasdaq Composite increased 137.75 points (0.59%) to finish at 23,413.67, making it the day’s top-performing major index.
In contrast, the Russell 2000 Index declined 4.15 points (-0.17%) to close at 2,464.98. The index opened higher and remained in positive territory for most of the session; however, it retreated in the final minutes of trading, closing in negative territory and well below its intraday high.
Yesterday, all major indexes declined while trading volumes increased—a pattern that may be interpreted as indicative of investor selling pressure, an unwelcome signal for market sentiment. Today, by comparison, equity markets posted gains. Trading volume on the Nasdaq decreased slightly, while volume on the NYSE rose modestly.
U.S. Market Statistics
New York Stock Exchange (NYSE): Advancing issues slightly outnumbered declining issues. The exchange recorded 2,157 advancers, 2,143 decliners, and 344 unchanged issues, resulting in an advancer-to-decliner ratio of 1.00 to 1, indicating roughly one advancer for every decliner.
There were 192 new 52-week highs and 53 new 52-week lows, compared with 250 new highs and 55 new lows reported in the previous session.
Total trading volume reached 4,681,413,487 shares, essentially unchanged from the 4,669,187,409 shares traded yesterday.
NASDAQ: On the NASDAQ, declining issues outpaced advancing issues, with 2,450 decliners and 2,281 advancers, yielding a decliner-to-advancer ratio of 1.07 to 1; 298 issues remained unchanged.
The exchange reported 97 new 52-week highs and 137 new 52-week lows, compared with 116 new highs and 108 new lows recorded yesterday.
Total trading volume amounted to 7,819,301,101 shares, representing a 3.5% decrease from the 8,103,385,599 shares traded in the prior session.
Commodities:
Oil Price: Crude Oil price was at $58.95 per barrel, as of the time (11:30 pm EDT, Tuesday) of this post update.
Gold price is up $16.20, or 0.37%, at $4,236.30 per troy ounce, while silver price is down -$0.05, or -0.09%, at $58.64 per ounce as of the time of this post update.
Bitcoin (BTC-USD) rebounded 6% today and was trading at $92,997.66 up $1,871.85 or 2.08% as of the time of this post update.
10 –year Treasury Yield: The 10-year yield is little changed as the market does not anticipate a Fed rate cut next week. The 10-year yield is at 4.071%, as of the time (11:30 pm EDT, Tuesday) of this post update.
After-hours action: Stock Futures are up slightly Tuesday evening. Dow Futures is up 96.00 points or 0.20% vs. fair value. S&P 500 futures is up 13.25 points or 0.19% at 6,853.00 and Nasdaq 100 futures is up 47.50 points or 0.19% at 25,653.75 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.
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 December 2, 2025
