Markets tune out Trump tariffs, rides AI momentum instead

The Canadian Vanguard Stock Market Report – Wednesday, July 9, 2025 Edition

.

The Toronto Market

The TSX composite index gained 68.75 points or 0.26%, to close the session at 26,972.32. TSX is back on the rise after three sessions of declines.

                                                                                                                                       

The Market Breadth:  Eight of the ten sectors gained in the market session today. Discretionary Consumer Goods & Services, a good indicator of retail stocks-performance, gained 0.89% and was the top sector. Basic Materials gained 0.67%; Technology gained 0.57%; Utilities gained 0.28%; Financials gained 0.23%; Durable Consumer Goods & Services gained 0.20%; and Healthcare gained 0.10%. Telecommunications Services, down -0.13%, and Energy, down -0.44%, were the only two sectors which declined today.

Industry Groups:  The top five industry groups in the TSX today were: Electrical Components and Equipment, up 3.24%; Insurance – Multiline, up 1.94%; Marine Port Services, up 1.71%; Chemicals – Specialty, up 1.65%; and Marine Transportation, up 1.61%.

Today’s Market Statistics: Today, the issues that gained (Advancers) outnumbered those that declined (Decliners). There were nine Advancers for every four Decliners, or a more exact ratio of 2.28-to-1.0. In real numbers, there were 1,338 Advancers to 585 Decliners while 138 stocks remained Unchanged.

Today, there were 211 new 52-Week Highs and 9 new 52-Week Lows. There were 177 new 52-Week Highs and 13 new 52-Week Lows yesterday.

The total volume of shares traded at the TSX today was 378,780,336, or 20%, one-fifth, less than the volume of 480,213,497 shares traded yesterday.

.

The US Markets

All three major indexes gained in today’s all-positive session. The Dow Jones Average index gained 217.54 points or 0.49%, to close the session at 44,458.30. The S&P 500 index gained 37.74 points or 0.61% to close at 6,263.26. The Nasdaq Composite gained 192.87 points or 0.94%, to close the session at 20,611.34, which is a new high for Nasdaq. In small caps, Russell 2000 ended the session at 2252.49, having gained 23.75 points or 1.07%. Small caps fared better today compared to the last few sessions.

The Market Breadth:  Technology, up 0.92%, was the top sector. Utilities followed with a 0.84% gain. Healthcare gained 0.83%; Industrials gained 0.71% and Discretionary Consumer Goods & Services gained 0.50%. Basic Materials gained 0.46%, and Financials gained 0.29%. Each of Durable Consumer Goods & Services and Energy sectors declined -0.37%. Telecommunications Services declined -0.79% and was the laggard sector today.

Industry Groups:  The top five industry groups in the US markets today were: Homebuilding, up 4.33%; Biotechnology, up 2.94%; Heavy Electrical Engineering, up 2.35%; Textile & Leather Goods, up 2.12%; and Appliances, Tools & Housewares, up 1.87%.

Today’s Market Statistics  

At the NYSE, the issues that gained (Advancers) outnumbered the issues that declined (Decliners). There were two Advancers for every Decliner, or an exact ratio of 2.17-to-1.0. In actual numbers, there were 2,833 Advancers to 1,306 Decliners with 256 Unchanged.

Today, there were 280 new 52-Week Highs and 39 new 52-Week Lows. There were 209 new 52-Week Highs and 32 new 52-Week Lows yesterday.

The total volume of stocks traded today at the NYSE was 4,902,915,948, or about 16% less than the total volume of 5,831,240,016 shares traded yesterday.

On the NASDAQ, the Advancers outnumbered the Decliners. There were roughly two Advancers for every Decliner, or an exact ratio of 1.92-to-1.0. In actual numbers, there were 2,988 Advancers to 1,551 Decliners with 263 Unchanged.

Today, there were 172 new 52-Week Highs and 58 new 52-Week Lows. There were 130 new 52-Week Highs and 57 new 52-Week Lows yesterday.

The total volume of shares traded at the NASDAQ today was 10,272,730,825, or 19%, almost one-fifth, more than the total volume of 8,647,991,073 shares traded yesterday.

Market Roundup Report

All the indexes gained today as growth stocks practically ignored Trump’s tariff announcements. The markets today were AI driven. Volume was down about one-sixth at the NYSE and up about one-fifth at the NASDAQ, compared to yesterday. Growth stocks were on a roll today. A good number of growth stocks were near buy points. It is time to be fully invested.

Oil Price:     US oil prices were mostly steady today as US crude stocks posted a surprise build. US Oil price is at $68.32 per barrel, down -0.09%, as of the time (11:30 pm ET, Wednesday) of this post update.

10 –year Treasury Yield:   The 10-year Treasury eased as Fed signalled rate cuts ahead. The 10-year yield fell 7 basis points to 4.34%. The 10-year yield was at 4.436%, as of the time (11:30 am ET, Wednesday) of this post update.

After-hours action:  Futures are little changed but mainly down. Dow Futures is down -100.00 points or -0.23% vs. fair value. S&P 500 futures is down -12.75 or -0.20%, and Nasdaq 100 futures is down -49.75 points or -0.22% as of the time (11:30 pm ET, Wednesday) of this post update.

.

Regular Market Day Features

The  Canadian Vanguard Beginner Investor’s Watchlist

The big banks, Financials, gained reasonably today. CIBC (TSX:CM) was outstanding with a 1.52% gain accompanied by higher than recent average daily volume. Royal Bank (TSX:RY) and Bank of Montreal (TSX:BMO) were also up while TD Bank’s stock is currently in consolidation after the stock’s recent big moves.

The Blended Growth Stock Watchlist

Growth stocks dominated the market today, ending the session with good gains and good volume.

EV Manufacturers and Resource Stocks

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 these reports.