Indexes at Record Highs As Dow and S&P 500 Keep Hitting Highs
The Canadian Vanguard Stock Market Report – Tuesday, September 9, 2025 Edition
Breaking News: Judge Blocks Trump from Firing Fed Governor Lisa Cook while lawsuit plays out.
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The Toronto Market
Today’s Market Statistics: The issues that gained (Advancers) outnumbered those that declined (Decliners). There were three Advancers for every two Decliners, or a more exact ratio of 1.47-to-1.0. In real numbers, there were 1,168 Advancers to 795 Decliners while 163 stocks remained Unchanged.
Today, there were 387 new 52-Week Highs and 16 new 52-Week Lows. There were 347 new 52-Week Highs and 14 new 52-Week Lows yesterday.
The total volume of shares traded at the TSX today was 434,059,039, roughly the same as the volume of 431,163,603 shares traded yesterday.
Market Roundup Report
The advancers dominated over the decliners. The volume of shares traded today was about the same as yesterday. Gold miner stocks practically disappeared from the list of top performers at the TSX today. The list of top performers was mixed with energy, resource and financial stocks included as opposed to the past four sessions when Basic Materials dominated the list of performers. Put differently, gold miner stocks may finally be taking a much-needed break. The index is up in nine out of the last ten sessions. Teck Resources, up 11.53%, was the top performer at the TSX today.
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The US Markets
All three US major indexes gained today for the second consecutive session. Dow Industrial Average index gained 196.39 points or 0.43%, to close the session at 45,711.34. The S&P 500 index gained 17.46 points or 0.27% and closed the session at 6,512.61. The Nasdaq Composite gained 80.79 points or 0.37%, and closed the session at 21,879.49. In small caps, Russell 2000 declined -13.07 points or -0.55%, and closed the session at 2381.82.
Today’s Market Statistics: At the NYSE, the issues that declined (Decliners) outnumbered the issues that gained (Advancers). There were six Decliners for every five Advancers, or a more exact ratio of 1.27-to-1.0. In actual numbers, there were 2,358 Decliners to 1,858 Advancers with 362 Unchanged.
Today, there were 449 new 52-Week Highs and 47 new 52-Week Lows. There were 314 new 52-Week Highs and 104 new 52-Week Lows yesterday.
The total volume of stocks traded today at the NYSE was 4,900,053,101, 8.7% lower than the total volume of 5,368,490,952 shares traded yesterday.
On the NASDAQ, the Decliners outnumbered the Advancers. There was one Decliner for every Advancer, or an exact ratio of 1.12-to-1.0. In actual numbers, there were 2,453 Decliners to 2,176 Advancers with 253 Unchanged.
Today, there were 247 new 52-Week Highs and 80 new 52-Week Lows. There were 314 new 52-Week Highs and 104 new 52-Week Lows yesterday.
The total volume of shares traded at the NASDAQ today was 8,245,630,828, or 5.5% lower than the total volume of 8,717,505,738 shares traded yesterday.
Market Roundup Report
Most of the companies hitting 52-Week Highs today are financials. However, they are not just financials but big-name financials. Three of the names are Morgan Stanley (MS), Goldman Sachs Group Inc. (GS) and HSBC Holdings PLC ADR (HSBC). There is certainly no rotation away from AI currently. It is a rotation away from tired leaders. Palantir Technologies (PLTR) appears to be on its way back to regular performance again, after about nine sessions of decline. The stock is now back above its 50-day moving average.
Taiwan Semiconductor Manufacturing Co. Ltd. (TSM) is also hitting 52-Week Highs. The company has a unique advantage and is in a unique position. TSM manufactures chips for a lot of companies, pretty well every other company, including most of the industry giants and most of the major American companies in the industry. President Trump’s desire to bring chip manufacturing back to American soil might have triggered people suddenly realizing the unique position this company occupies in that industry – very unique indeed. It is certainly a good company to invest in or at least to add to your watchlist. Please do not proceed to purchase stocks based only on what you read in The Canadian Vanguard’s Stock Market Report. Do not fail to do your own further research.
Apple Inc. (AAPL) was a dead weight on the market even though the company announced new products today. It looks like the market is waiting for Apple to get something right. What that something is, we certainly do not know at this end. On the other hand, Oracle Corporation (ORCL) stock is up flying overnight. The last time we checked, the stock was up more than 20%. The stock is certainly above its 50-day moving average. Please remember that overnight performance may not carry over to the next day’s market session.
Small caps did not fare well today. Russell 2000 was the worst performer today, of the five indexes we track in this publication.
Oil Price: U.S. crude oil prices rose about 1% today. US Oil price was at $62.59 per barrel, as of the time (12:30 am ET, Wednesday) of this post update.
10 –year Treasury Yield: The 10-year Treasury yield is up today at 4.09%. The 10-year yield was at 4.08%, as of the time (12:30 am ET, Wednesday) of this post update.
Gold was down slightly today. However, gold is currently at $3,684.80 per troy ounce, while Silver is up slightly at $41.58 per ounce as of the time of this post update.
Bitcoin (BTC-USD) is at $112,139.00, up 0.73% as of the time (12:30 am ET, Wednesday) of this post update.
After-hours action: Stock Futures are little changed this evening. Dow Futures is down possibly because of the inflation due early tomorrow morning. Dow is down early Wednesday morning at -64.00 points or -0.14% vs. fair value. S&P 500 futures is up 18.00 points or 0.27%, and Nasdaq 100 futures is up 66.75 points or 0.28% as of the time (12:30 am ET, Wednesday) of this post update.
ORCL stock spiked more than 20% overnight. Oracle gave a blowout growth outlook despite missing views in the earnings report.
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(c) This article is published by The Canadian Vanguard on September 9, 2025.
