Strong Jobs Report Fuels Sharp Market Rebound After Yesterday’s Sell-Off
The Canadian Vanguard Stock Market Report – Wednesday, November 5, 2025 Edition
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The Toronto Market
The S&P/TSX Composite advanced 325.66 points, or 1.09%, to close the session at 30,103.48. The Toronto market tried to recover from the severe sell-off yesterday. The TSX index today, recovered as much as 65% of the decline yesterday.
Today’s Market Statistics: At the TSX today, Advancing issues (Advancers) outnumbered declining issues (Decliners) by approximately three to one. Specifically, there were 1,561 advancers and 472 decliners, producing an advancer-to-decliner ratio of 3.31 to 1, with 146 issues unchanged.
There were 96 new 52-Week highs and 24 new 52-Week lows, compared with 45 new 52-Week Highs and 34 new 52-Week Lows recorded yesterday.
The total trading volume on the TSX reached 455,161,096 shares, up 8% from 421,641,845 shares traded yesterday.
Market Wrap-Up Report
Today’s market session was broadly positive, with most sectors posting gains. Telecommunications Services was the only sector in the TSX to close in the red. Leading the charge were Basic Materials, up a robust 2.24%, and Technology, up 1.72%. Financials, up 0.34%, was the weakest performer among the advancing sectors.
A notable development was Cameco Corp’s (TSX: CCO) quarterly earnings report. While the company’s revenue declined, management remains optimistic about a strong finish to the year. Cameco’s stock fell 1.62% despite the announcement that it will increase its annual dividend payable in December.
Within the Basic Materials sector, Franco-Nevada (TSX: FNV) gained 1.97% to $265.42 on 493,883 shares traded, while Wheaton Precious Metals Corp (TSX: WPM) rose 2.51%, or $3.34, to $136.35 on 563,834 shares.
Despite today’s decline in Cameco shares, the company’s long-term outlook remains solid, supported by ongoing demand from technology industry leaders building data centers. As a global nuclear fuel supplier with a long-standing industry presence, Cameco’s fundamentals remain strong. Investors are advised, however, to conduct their own research before purchasing shares.
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The US Markets
All major U.S. stock indexes finished higher today, capping off a positive session for the markets. The Dow Jones Industrial Average climbed 225.76 points, or 0.48%, to close at 47,311.00. The S&P 500 added 24.74 points, or 0.37%, ending the day at 6,796.29. The Nasdaq Composite also moved higher, rising 151.16 points, or 0.65%, to finish at 23,499.80.
Small-cap stocks joined the rally as well. The Russell 2000 gained 37.44 points, or 1.54%, to close at 2,464.78. Overall, it was a solid day across the board, with small-cap companies standing out as particularly strong performers.
It was the ADP employment report released earlier in the day that helped lift market sentiment, showing continued strength in the labor market. Investors appeared encouraged by the data, viewing it as a sign of economic resilience heading into the next trading session.
New York Stock Exchange (NYSE): Advancing issues (advancers) outnumbered declining issues (decliners) by two to one. Specifically, there were 2,870 advancers and 1,375 decliners, producing advancer-to- decliner ratio of 2.08 to 1, with 368 issues unchanged.
The exchange recorded 134 new 52-week highs and 120 new 52-week lows, compared with 68 new highs and 178 new lows recorded yesterday.
Total NYSE trading volume reached 6,080,800,112 shares, about 3% higher than 5,873,527,238 shares yesterday.
NASDAQ: At the NASDAQ, advancing stocks also outpaced decliners by approximately two to one. There were 3,062 advancers versus 1,658 decliners, yielding an advancer-to-decliner ratio of 1.85 to 1, with 288 issues unchanged.
The exchange posted 121 new 52-week highs and 219 new 52-week lows, compared with 73 new highs and 303 new lows at yesterday’s session. The market reverse sharply from yesterday’s sell-off stance. The new 52-week lows of 219 is relatively high, a pointer to the fact that the market has not fully recovered from yesterday’s bearish shift.
Total NASDAQ trading volume amounted to 10,478,800,112 shares, about 1% lower than, or practically about the same as, yesterday’s 10,580,882,596 shares.
Market Wrap-Up Report
U.S. stocks rose broadly on Wednesday, led by the Dow Jones Industrial Average, as markets rebounded from Tuesday’s widespread sell-off. The recovery was fueled by strong private sector employment data from ADP, though some late-day selling emerged following news of rising borrowing costs.
Yesterday, small-cap and tech stocks bore the brunt of the declines, but today small-caps led the recovery. The Russell 2000 surged 1.54%, while the NASDAQ Composite rose 0.7% after falling 2% yesterday. All U.S. sectors finished in positive territory, with Basic Materials leading the gains. Technology and Durable Consumer Goods & Services were the weakest performers among the advancing sectors. Gold mining stocks performed particularly well.
Among individual stocks, Palantir Technologies Inc. (PLTR) recovered from session lows but remained in the red throughout the day. Advanced Micro Devices (AMD) rebounded 2.51% after tumbling in after-hours trading on Tuesday despite strong results. Nvidia declined slightly.
A standout performer was Seagate Technology Holdings (STX), which soared 10.14% ($25.39) on 9 million shares traded. Applovin Corporation (APP) rose 1.37% in regular trading and added about 4% in after-hours trading following its earnings report. Meanwhile, DoorDash Inc. (DASH) fell 9% after hours after missing earnings expectations.
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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 data for these reports.
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(c) This article is published by The Canadian Vanguard on November 5, 2025.
