Investors sidelined tariffs and treasury yield rate concerns on Tuesday, but gave current rally stronger legs
The Canadian Vanguard Stock Market Report – Tuesday, June 3, 2025 Edition
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The Toronto Market
The TSX composite index advanced 37.68 points or 0.14%, to close the session at 26,426.64. The TSX closed up again today, even though the gain was reduced compared to yesterday. The index remains the best performer of the four major North American market indexes over the past month. The index was up nineteen times in the last twenty-one sessions.
The Market Breadth: More sectors participated in the rally as seven of the ten TSX major sectors gained. Energy, up 0.83%, was the top-performing sector. Utilities gained 0.77%; Healthcare gained 0.55%; Discretionary Consumer Goods & Services was up 0.19%; and Basic Materials was up 0.38%. Financials and Industrials gained 0.17% and 0.09% respectively. Telecommunications Services declined -0.64%; Technology declined -0.72%; and Durable Consumer Goods & Services, down -1.47%, was the laggard sector for the day.
Industry Groups: The top five industry groups in the TSX today were: Aluminum, up 13.04%; Textiles & Leather Goods, up 11.48%; Auto & Truck Manufacturers, up 7.35%; Utilities – Multiline, up 4.65%; and Air Freight & Courier Services, up 3.97%.
Today’s Statistics: Today, the issues that gained (Advancers) outnumbered those that declined (Decliners). There were two Advancers for every Decliner, or a more exact ratio of 2.09-to-1.0. In real numbers, there were 1,284 Advancers to 614 Decliners while 142 stocks remained Unchanged.
Today, there were 152 new 52-Week Highs and 13 new 52-Week Lows. There were 165 new 52-Week Highs and 27 new 52-Week Lows yesterday.
The total volume of shares traded at the TSX today was 474,017,830, or 2.5% higher than the volume of 462,083,588 shares traded yesterday.
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The US Markets
The Dow Jones Average index gained 214.16 points or 0.51% to close the session at 42,519.64. The S&P 500 index rose 34.43 points or 0.58% to close at 5,970.37. The Nasdaq Composite gained 156.34 points or 0.81%, to close at 19,398.96. In small caps, Russell 2000 rose 32.82 points or 1.59% to close at 2102.98. Small caps were in control and led the other indexes today.
The Market Breadth: The rally continues to show strength and broad-based. Majority of the sectors are participating in the rally. Today, eight of the major sectors gained. The two sectors that declined, did so by small amounts. There were no major declines. Energy, up 1.18%, was the for the second consecutive session the top sector. Technology was up 0.94%; Industrials gained 0.75%; and Basic Materials was up 0.52%. Gold miners were not up in large numbers, but other miners gained. Retail stocks did well as Discretionary Consumer Goods & Services gained 0.45%; Utilities was up 0.34%; and Financials was up 0.24%. Telecommunications Services was down -0.16%; and Durable Consumer Goods & Services declined -0.29%.
Industry Groups: The top five industry groups in the US markets on Tuesday were: Advertising / Marketing, up 17.58%; Construction – Suppliers & Fixtures, up 5.60%; Oil & Gas Drilling, up 5.30%; Aluminum, up 3.39%; and Computer Hardware, up 3.17%.
Today’s Market Statistics
At the NYSE, the issues that gained (Advancers) outnumbered the issues that declined (Decliners). There were roughly two Advancers for every Decliner, or an exact ratio of 2.32-to-1.0. In actual numbers, there were 2,891 Advancers to 1,244 Decliners with 286 Unchanged.
Today, there were 171 new 52-Week Highs and 53 new 52-Week Lows. There were 257 new 52-Week Highs and 68 new 52-Week Lows yesterday.
The total volume of stocks traded today at the NYSE was 5,115,736,702, or 4.4% higher than the total volume of 4,897,794,636 shares traded yesterday.
On the NASDAQ, the Advancers totally outnumbered the Decliners. There were roughly two Advancers for every Decliner, or an exact ratio of 2.08-to-1.0. In actual numbers, there were 3,048 Advancers to 1,461 Decliners with 218 Unchanged.
Today, there were 179 new 52-Week Highs and 70 new 52-Week Lows. There were 192 new 52-Week Highs and 105 new 52-Week Lows yesterday.
The total volume of shares traded at the NASDAQ today was 8,277,279,837, or 4.6% higher than the total volume of 7,910,224,776 shares traded yesterday.
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Stock In The News /Stock To Watch
The Toronto Market
The Canadian big six banks are certainly worth keeping an eye on, especially for income investors. A big bank’s stock will likely not jump up 15% in any one session but the banks pay good dividends with a quarterly dividend/yield often over 4%.
The US Markets
The NASDAQ index was up as technology stocks gained, some robustly, during the session. Nvidia Corp (NVDA) stock was up 2.80% or $3.84 on Tuesday, with 226M shares changing hands. Broadcom Inc. (AVGO) was up 3.27% or $8.14 with 34M shares traded. CoreWeave Inc. (CRWV), a cloud services company serving AI-centric customers, gained a whopping 25.19% or $30.28 with 53.9M shares traded on Tuesday. CrowdStrike Holdings Inc. (CRWD) declined 6% after reporting earnings later in the day, after regular market hours.
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Regular Market Day Features
The Canadian Vanguard Beginner Investor’s Watchlist
The Blended Growth Stock Watchlist
EV Manufacturers and Resource Stocks
Tesla, Li Autos and BYD Company, the three EV manufacturers that we follow in watchlist were all back in green on Tuesday. BYD company had last week started a price war in the Chinese market.
NOTICE TO READERS
