Indexes keep climbing as market knocks on the door to bullish trend

The Canadian Vanguard Stock Market Report – Thursday, September 11, 2025 Edition

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The Toronto Market

The TSX composite index gained 228.50 points or 0.78%, to close the session at 29,407.89. The index keeps climbing session after session.

                                                                                                                                                                                                      

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 1,416 Advancers to 520 Decliners while 154 stocks remained Unchanged.

Today, there were 531 new 52-Week Highs and 24 new 52-Week Lows. There were 387 new 52-Week Highs and 16 new 52-Week Lows yesterday.

The total volume of shares traded at the TSX today was 423,201,033, 2.5% lower than the volume of 434,059,039 shares traded yesterday.

Market Roundup Report

The Toronto market was quite bullish today. The advancers were three times more than the decliners. The total volume of shares traded was down just two per cent, lower than the total volume of shares traded on Wednesday. Industrials led the session, but Technology was close behind. Retail companies and Financials were just behind the top sectors. The top twenty stocks at the TSX today were a good mix of industries: Gold and Silver miners, Construction and Infrastructure companies, and Resource companies.

There were three construction companies among the top four stocks in the TSX today. The three companies are Aecon Group Inc. (ARE), Atkinsrealis Group Inc. (ATRL) and Bird Construction Inc. (BDT). Prime Minister Mark Carney mentioned a list of nation-building projects to build Canada strong. Construction and infrastructure companies will be major beneficiaries of these projects, currently estimated at sixty billion dollars. Even the projects that will focus on Small Modular Reactors (SMRs) will involve construction companies. It is a good idea to add these companies to your watchlist right away, and thanks to The Canadian Vanguard, you’ll be ahead of the crowd in that aspect.

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The US Markets

All three market indexes are either in or at the gate of record territories.  Dow Jones was the top performer of the major indexes today. Dow Industrial Average index gained 617.08 points or 1.36%, to close the session at 46,108.00. The S&P 500 index gained 55.43 points or 0.85% and closed the session at 6,587.47. The Nasdaq Composite gained 157.02 points or 0.72%, and closed the session at 22,043.07. In small caps, Russell 2000 climbed 43.52 points or 1.83%, and closed the session at 2421.53.

Today’s Market Statistics 

At the NYSE, the issues that gained (Advancers) outnumbered the issues that declined (Decliners). There were five Advancers for every Decliner, or a more exact ratio of 5.03-to-1.0. In actual numbers, there were 3,560 Advancers to 707 Decliners with 309 Unchanged.

Today, there were 845 new 52-Week Highs and 62 new 52-Week Lows. There were 594 new 52-Week Highs and 68 new 52-Week Lows yesterday.

The total volume of stocks traded today at the NYSE was 5,492,199,794, 3% higher than the total volume of 5,339,930,341 shares traded yesterday.

On the NASDAQ, the Advancers outnumbered the Decliners. There were three Advancers for every Decliner, or an exact ratio of 2.96-to-1.0. In actual numbers, there were 3,486 Advancers to 1,175 Decliners with 247 Unchanged.

Today, there were 470 new 52-Week Highs and 60 new 52-Week Lows. There were 357 new 52-Week Highs and 85 new 52-Week Lows yesterday.

The total volume of shares traded at the NASDAQ today was 10,416,665,092, or 12% higher than the total volume of 9,276,360,483 shares traded yesterday.

Market Roundup Report  

Small Caps did well today compared to recent sessions, Russel 2000 reflected that by rising substantially today. There appears to be a rotation, at least today, from the big Technology stock. Technology stocks dominated yesterday but took a back seat today. Basic Materials, Consumer Discretionary, Financials and Healthcare dominated today. For example, Oracle Corp (ORCL) was up 36% yesterday but was down -6.25% today. Broadcom Inc. (AVGO) was up 9.77% yesterday but declined -2.69% today. These declines are not much, given the “gargantuan” gains yesterday. The declines will become relevant if these stocks continue to decline or fail to build, or at the minimum, consolidate (some short-term sideways action may be tolerated) around those gains.

The market is in a bullish mode. The major stock indexes are either in record territory or at the gate of such. Dow Jones comfortably crossed the 46,000 level today and settled 108 points above that level by the end of the session, up 1.36%. S&P 500 index climbed higher every session in the past four sessions. The NASDAQ composite crossed the 22,000 level today and settled a bit above at 22,043 points. It is time to be fully invested, but watch out for stocks with price extended.

Oil Price:  U.S. crude oil price fell more than 1% earlier today. US Oil price was at $61.90 per barrel, as of the time (12:30 am ET, Friday) of this post update.

10 –year Treasury Yield:  The 10-year Treasury yield was up slightly at 4.05% earlier today. The 10-year yield was at 4.032%, as of the time (12:30 am ET, Friday) of this post update.

Gold is currently up 0.51% at $3,692.40 per troy ounce, while Silver is also up 1.2% at $42.65 per ounce as of the time of this post update.

Bitcoin (BTC-USD) is at $115,629.00, up 1.05% as of the time (12:30 am ET, Friday) of this post update.

After-hours action: Stock Futures were little changed this evening. Now, early Friday morning, Dow Futures is up only slightly, a mere 2.00 points or 0.00% vs. fair value. S&P 500 futures is up 1.00 points or 0.02%, and Nasdaq 100 futures is up 16.50 points or 0.07% as of the time (12:30 am ET, Friday) of this post update.

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(c) This article is published by The Canadian Vanguard on September 11, 2025.