Markets were to a large extent unfazed by Iran-Israel war
The Canadian Vanguard Stock Market Report – Tuesday, June 17, 2025 Edition
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The Toronto Market
The TSX composite index declined -27.22 points or -0.10%, to close the session at 26,541.39. The market today was under water all day long. It was a negative market session, but there was nothing severe about today’s market data. The TSX decline was moderate, especially given the threats by President Trump of possible escalation in the Israel-Iran war.
The Market Breadth: Energy, up 0.85%, was the top sector today. Discretionary Consumer Goods & Services gained 0.11%. The rest of the sectors declined today, reflecting a market struggling with the war in the Middle East. Durable Consumer Goods & Services declined -0.04%; Utilities declined -0.06%, and Basic Materials declined -0.11%. Financials sector was down -0.30%; Technology declined -0.66%, and Telecommunications Services, the day’s laggard, declined -0.94%.
Industry Groups: The top five industry groups in the TSX today were: Electrical Components & Equipment, up 3.42%; Oil & Gas Drilling, up 2.70%; Oil & Gas Exploration, up 1.91%; Integrated Oil & Gas, up 1.43%; and Retail – Discount Stores, up 1.03%.
Today’s Statistics: Today, the issues that declined (Decliners) outnumbered those that gained (Advancers). There were three Decliners for every two Advancers, or a more exact ratio of 1.50-to-1.0. In real numbers, there were 1,122 Decliners to 746 Advancers while 157 stocks remained Unchanged.
Today, there were 71 new 52-Week Highs and 21 new 52-Week Lows. There were 158 new 52-Week Highs and 17 new 52-Week Lows yesterday.
The total volume of shares traded at the TSX today was 389,205,065, or 16% less than the volume of 463,966,105 shares traded yesterday.
Market Roundup Report
The TSX declined slightly, -0.10%, today, but the decline was accompanied by a decline in the total volume of shares traded today compared to the total volume of shares yesterday. The decline can be ignored for analytical purposes. The gold miner stocks are still taking a break. There were only a few gold miner stocks which gained today. Agnico Eagle Mines (TSX:AEM) was up just 0.39% while AngloGold Ashanti Plc (TSX:AU) and Franco-Nevada Corp (TSX:FNV) declined today. Gold miner stocks tend to go up when arbitrary tariff measures are announced. The war in the Middle East is the current dominant problem for the markets.
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The US Markets
The three major indexes ended the session in the red today. The Dow Jones Average index declined -299.29 points or -0.70%, and closed the session at 42,215.80. The S&P 500 index declined -50.39 points or -0.84% to close at 5,982.72. The Nasdaq Composite declined -180.12 points or -0.91%, to close the session at 19,521.09. In small caps, Russell 2000 declined -22.17 points or -1.04% to close at 2101.96.
The Market Breadth: Energy was the only sector that gained in Tuesday’s market. The other nine sectors declined between Utilities sector’s -0.66% decline and Telecommunications Services’ decline of -2.01%. It was a really bearish market session. Financials declined -0.925; Basic Materials declined -1.225, and Discretionary Consumer Goods & Services (a good gauge for Retail Stocks) declined -1.44%. Given the prospect of escalation of the Israel-Iran war, Energy will probably continue to lead the sectors on regularly until the uncertainties in the Middle East cease. Markets generally do not like chaos. Markets prefer to deal with predictable circumstances.
Industry Groups: The top five industry groups in the US markets today were: Integrated Oil & Gas, up 1.67%; Coal, up 1.57%; Oil & Gas Refining & Marketing, up 1.32%; Oil & Gas Exploration & Production, up 1.07%; and Retail – Drugs, up 0.84%.
Today’s Market Statistics
At the NYSE, the issues that declined (Decliners) outnumbered the issues that gained (Advancers). There were two Decliners for every Advancer, or an exact ratio of 2.06-to-1.0. In actual numbers, there were 2,773 Decliners to 1,344 Advancers with 276 Unchanged.
Today, there were 97 new 52-Week Highs and 78 new 52-Week Lows. There were 205 new 52-Week Highs and 68 new 52-Week Lows yesterday.
The total volume of stocks traded today at the NYSE was 5,052,742,751, or 3% less than the total volume of 5,174,754,154 shares traded yesterday.
On the NASDAQ, the Decliners outnumbered the Advancers. There were roughly five Decliners for every two Advancers, or an exact ratio of 2.41-to-1.0. In actual numbers, there were 3,208 Decliners to 1,332 Advancers with 238 Unchanged.
Today, there were 97 new 52-Week Highs and 120 new 52-Week Lows. There were 174 new 52-Week Highs and 121 new 52-Week Lows yesterday.
The total volume of shares traded at the NASDAQ today was 8,843,479,615, or 11% less than the total volume of 9,948,934,547 shares traded yesterday.
Market Roundup Report
The markets were down today, but the good news is that the volume of shares traded was down compared to yesterday. There is no sign that investors are engaging in panic selling. The market was down today, but the current rally’s outlook was not adversely affected. The rally remains in full strength. More stocks are joining the leaders and are even advancing closer to buy points. Today, the markets seem unfazed by the Iran-Israel war.
Oil Price: Oil prices continue to rise as the Iran-Israel conflict remains a source of uncertainty for the markets. Oil price has risen 23.1% this month. US Oil price was at $74.53 per barrel as of the time (12:30am ET, Wednesday) of this post update.
10 –year Treasury Yield: The 10-year Treasury yield fell six basis points to 4.39% today. The 10-year yield was at 4.409% as of the time (12:30am ET, Wednesday) of this post update.
After-hours action: Futures were little changed Tuesday evening. Dow Futures was up 5.00 points or 0.01% vs. fair value. S&P 500 futures was up 0.08%, and Nasdaq 100 futures was up 0.11% as of the time (12:30 am ET, Wednesday) of this post update.
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Stock In The News /Stock To Watch
The US Markets
The non-fossil fuel electricity generating companies were down today. The markets were all down. The AI data centers will require huge amounts of electricity, which will likely only be met by nuclear powered generation. It is also likely that the Small Modular Reactors (SMR) will be the dominant systems in future given the technology.
The new non-fossil fuel generating companies are stocks that should be on one’s watchlist. Constellation Energy (CEG) and Cameco Corporation (CCJ) or (TSX:CCO) are two of such companies. OKLO stock and Expand Energy Corporation (EXE) are two other stocks in the industry. Cameco has direct exposure to Small Modular Reactors nuclear technology through its shared ownership with Westinghouse. Cameco does not generate electricity but the company is more prominent in the nuclear fuel, uranium, end of the chain.
The current US administration appears to fully support nuclear generation going forward. It is probably the most viable option in order to meet the huge demand from the energy gulping data centers that will likely become prevalent in future.
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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
It was a bad session for EV manufacturers. Almost all of them tanked today, with Tesla declining more than 3% and analysts offering different views on the likely effect of the robotaxi launch currently scheduled for June 22 on the Tesla stock.
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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.
