Tech-led rally fizzled, Indexes closed in the red but Meta Outperformed
The Canadian Vanguard Stock Market Report – Thursday, July 31, 2025 Edition
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The Toronto Market
The TSX composite index declined -110.18 points or -0.40%, to close the session at 27,259.78. The total volume of shares traded today was twenty per cent, or one fifth more, than the volume of shares traded yesterday.
The Market Breadth: The TSX index continued the downtrend from yesterday. Only one sector out of the ten major sectors of the TSX gained today. Basic Materials, up 0.10%, gained. Discretionary Consumer Goods & Services declined -0.14%, and Durable Consumer Goods & Services declined -0.17%. Financials declined -0.42%, Industrials declined -0.43% and energy declined -0.45%. Technology declined -0.83% and Healthcare, down -1.19% was the laggard sector. The market session today was rather negative. The current rally may need to recharge its batteries going forward.
Industry Groups: The top five industry groups in the TSX today were: Beverages – Brewers, up 3.09%; Auto & Truck Manufacturers, up 2.90%; Consumer, up 2.59%; Beverages – Non-Alcoholic, up 2.37%; and Construction & Agricultural Machinery, up 2.01%.
Today’s Market Statistics
Today, the issues that declined (Decliners) outnumbered those that gained (Advancers). There were four Decliners for every three Advancers, or a more exact ratio of 1.29-to-1.0. In real numbers, there were 1,128 Decliners to 875 Advancers while 122 stocks remained Unchanged.
Today, there were 268 new 52-Week Highs and 24 new 52-Week Lows. There were 229 new 52-Week Highs and 11 new 52-Week Lows yesterday.
The total volume of shares traded at the TSX today was 403,574,584, 20% more, or one fifth more than the volume of 335,417,214 shares traded yesterday.
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The US Markets
The Dow Jones Average index declined -330.30 points or -0.74%, to close the session at 44,130.98. The S&P 500 index declined -23.51 points or -0.37% to close at 6,339.39. The Nasdaq Composite declined -7.23 points or -0.03%, to close the session at 21,122.45. In small caps, Russell 2000 declined -20.75 points or -0.93% to close the session at 2211.65. The small caps have now declined four consecutive market sessions. The blue chips housed in the Dow Jones index and the small caps grouped within Russell 2000 have not been doing well recently. The two indexes have been lagging.
The Market Breadth: Only two of the eleven S&P 500 sectors gained today. Utilities, up 0.51%, was the top sector today, but was also the top sector yesterday. Technology gained 0.10%. Industrials declined -0.06% and Discretionary Consumer Goods & Services declined -0.37%, Energy declined -0.48%, and Telecommunications Services declined -0.63%. Financials declined -0.64%, Durable Consumer Goods & Services declined -1.26% and Healthcare, the day’s laggard, declined -2.52%.
Industry Groups: The top five industry groups in the US markets today were: Marine Port Services, up 5.06%; Retail – Specialty, up 1.93%; Construction & Agricultural Machinery, up 1.66%; Software, up 1.62%; and Retail – Catalog & Internet Order, up 1.59%.
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 1.54-to-1.0. In actual numbers, there were 2,512 Decliners to 1,622 Advancers with 296 Unchanged.
Today, there were 269 new 52-Week Highs and 117 new 52-Week Lows. There were 182 new 52-Week Highs and 79 new 52-Week Lows yesterday.
The total volume of stocks traded today at the NYSE was 6,164,247,773, or 13% more than the total volume of 5,462,261,680 shares traded yesterday.
On the NASDAQ, the Decliners outnumbered the Advancers. There were two Decliners for every Advancer, or an exact ratio of 2.04-to-1.0. In actual numbers, there were 3,061 Decliners to 1,498 Advancers with 269 Unchanged.
Today, there were 190 new 52-Week Highs and 161 new 52-Week Lows. There were 131 new 52-Week Highs and 116 new 52-Week Lows yesterday.
The total volume of shares traded at the NASDAQ today was 10,332,498,471, or 5% more than the total volume of 9,831,597,449 shares traded yesterday.
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Stocks In The News /Stocks To Watch
The US Markets
Meta Platforms (META) stock soared yesterday after the company delivered its second quarter earnings report that beat and clearly exceeded all expectations. The reports showed that revenue growth was accelerating. The company has a strong sales forecast and raised its outlook slightly for total spending. Meta Platforms reported an adjusted $7.14 per share for the June-ended quarter, up 38% from a year earlier. The META stock gained 11.25% or $78.23, closing the market session at $773.44. Meta Platforms stock is worth adding to your watchlist.
Microsoft (MSFT) also delivered an upbeat earnings report, but the company could not hold onto the gains during the market session. Other stocks worth considering for your watchlist or at least to keep an eye on for the short term are: Astera Labs (ALAB) and Western Digital Inc (WDC)
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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.
