Current Rally is very much alive, but only AI and Data Center stocks are particpating

 The Canadian Vanguard Stock Market Report – Thursday, July 24, 2025 Edition

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The Toronto Market

The TSX composite index declined -44.15 points or -0.16%, to close the session at 27,372.26. The TSX declined today after three consecutive sessions of gains.

                                                                                                                                   

Today’s Market Statistics: Today, the issues that gained (Advancers) edged out those that declined (Decliners). There was one Advancer for every Decliner, or a more exact ratio of 1.08-to-1.0. In real numbers, there were 975 Advancers to 903 Decliners while 187 stocks remained Unchanged.

Today, there were 228 new 52-Week Highs and 15 new 52-Week Lows. There were 312 new 52-Week Highs and 13 new 52-Week Lows yesterday.

The total volume of shares traded at the TSX today was 365,435,552, roughly the same as the volume of 363,754,968 shares traded yesterday.

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The US Markets

The markets changed tone today. The Dow Jones Average index declined -316.38 points or -0.70%, to close the session at 44,693.91. The S&P 500 index edged up 4.44 points or 0.07% to close at 6,363.35. The Nasdaq Composite gained 37.94 points or 0.18%, to close the session at 21,057.96. In small caps, Russell 2000 retreated -31.00 points or -1.36% to close the session at 2252.13. The Russel 2000 crashed today, giving back the gains of the last two sessions, as the Small Caps suffered losses. Today was not the day for the small caps.

Today’s Market Statistics  

At the NYSE, the issues that declined (Decliners) outnumbered the issues that gained (Advancers). There were three Decliners for every two Advancers, or a more exact ratio of 1.64-to-1.0. In actual numbers, there were 2,546 Decliners to 1,550 Advancers with 313 Unchanged. Today, the market was trending bearish.

Today, there were 404 new 52-Week Highs and 52 new 52-Week Lows. There were 493 new 52-Week Highs and 37 new 52-Week Lows yesterday.

The total volume of stocks traded today at the NYSE was 5,354,611,366, or 7% less than the total volume of 5,745,403,578 shares traded yesterday.

On the NASDAQ, the Decliners outnumbered the Advancers. There were roughly two Decliners for every Advancer, or an exact ratio of 2.06-to-1.0. In actual numbers, there were 3,084 Decliners to 1,495 Advancers with 265 Unchanged.

Today, there were 235 new 52-Week Highs and 63 new 52-Week Lows. There were 307 new 52-Week Highs and 44 new 52-Week Lows yesterday.

The total volume of shares traded at the NASDAQ today was 13,417,911,923, or 16.7%, more than the total volume of 11,497,661,050 shares traded yesterday.

Market Roundup Report

Today, the volume of shares traded was down in the NYSE but up 16% on the NASDAQ. NASDAQ gained slightly and definitely not a break-out. The markets may be about to change character, or possibly there will be some rotation to different sectors. S&P 500 index and NASDAQ are still daily climbing to record heights, so the tech rally is still very much alive. Dow Jones index was the laggard index today.

Oil Price:     US oil prices rose today to $66.03 per barrel.  US Oil price is at $65.21 per barrel, as of the time (11:30 pm ET, Thursday) of this post update.

10 –year Treasury Yield:   The 10-year Treasury yield gained two basis points to 4.41% today. The 10-year yield was at 4.392%, as of the time (11:30 pm ET, Thursday) of this post update.

After-hours action:  Futures are slightly up after hours.  Dow Futures is up 125.00 points or 0.28% vs. fair value. S&P 500 futures is up 17.00 or 0.27%, and Nasdaq 100 futures is up 50.50 points or 0.22% as of the time (11:30 pm ET, Thursday) of this post update.

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Stocks In The News /Stocks To Watch

The US Markets

Tesla Inc. (TSLA) stock crashed on Thursday. The stock slid -8.2% or -27.26% to close at $305.30 with 157M shares traded. When a stock dives 8% or more in one market session, it is a good idea to exit that position at least in the short term.

The market is very much alive. If you are exiting your position in Tesla, there are several stocks in which you can invest or just park your money while you decide your next real move. The chip manufacturers are doing relatively well. New energy stocks are doing even better. Data Centers are the new gold, and data centers need a lot of power, so non-polluting fuel energy generation is the future. Oklo Inc. is one of the new start-up developers of next-generation fusion nuclear energy reactors.

Intel Corporation’s (INTC) stock chart has only one clear message – “Not Yet Ihuru”. The stock needs more time before it can start to deliver to investors. Advanced Micro Devices (AMD) is, on the hand, already delivering. AMD stock gained 2.19% or $3.47 to close at $162.12 with 48.4M shares traded today.

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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.