Indexes retreat as Nvidia Earnings Report Looms
The Canadian Vanguard Stock Market Report – Monday, August 25, 2025 Edition
Breaking News: Trump tells Fed’s Lisa Cook she’s fired; she says ‘he has no authority to do so’
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The Toronto Market
The TSX composite index declined -163.19 points or -0.58%, to close the session at 28,169.94. The index declined after two successive positive sessions but remains above the 28,000 level.
The Market Breadth: Three of the ten sectors gained. Healthcare gained 0.19%, Basic Materials gained 0.16% and Durable Consumer Goods & Services gained 0.03%. Energy declined -0.01%, Telecommunications declined -0.28% and Discretionary Consumer Goods & Services declined -0.28%. Utilities declined -0.60%, Financials declined -0.86%, Industrials declined -1.01% and Technology, the day’s bottom performer, declined -1.04%.
Industry Groups: The top five industry groups in the US markets today were: Media Diversified, up 5.96%; Office Equipment, up 5.67%; Leisure & Recreation, up 3.38%; Pharmaceuticals – Generic & Specialty, up 3.32%; and Electrical Components & Equipment, up 2.18%.
Today’s Market Statistics: The issues that declined (Decliners) outnumbered those that gained (Advancers). There were roughly two Decliners for every Advancer, or a more exact ratio of 1.86-to-1.0. In real numbers, there were 1,260 Decliners to 677 Advancers while 144 stocks remained Unchanged.
Today, there were 161 new 52-Week Highs and 23 new 52-Week Lows. There were 451 new 52-Week Highs and 29 new 52-Week Lows on Friday.
The total volume of shares traded at the TSX today was 374,360,994, or 20% lower than the volume of 467,700,825 shares traded on Friday.
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The US Markets
All three indexes declined today. Dow Industrial Average index, the worst performer among the indexes, declined -349.27 points or -0.77%, to close the session at 45,282.47. The S&P 500 index declined -27.59 points or 0.43% and closed the session at 6,439.32. The Nasdaq Composite declined -47.24 points or -0.22%, and closed the session at 21,449.29. In small caps, Russell 2000 gave back -22.78 or -0.96%, and closed the session at 2339.17. Friday’s bullish performance did not survive the weekend.
The Market Breadth: Only three of the eleven S&P 500 sectors gained. Healthcare gained 0.19%, Basic Materials gained 0.16% and Durable Consumer Goods & Services gained 0.03%. Energy declined -0.01%, Telecommunications declined -0.28% and Discretionary Consumer Goods & Services declined -0.28%. Utilities declined -0.60%, Financials declined -0.86%, Industrials declined -1.01% and Technology, the day’s bottom performer, declined -1.04%.
Industry Groups: The top five industry groups in the US markets today were: Media Diversified, up 5.96%; Office Equipment, up 5.67%; Leisure & Recreation, up 3.38%; Pharmaceuticals – Generic & Specialty, up 3.32%; and Electrical Components & Equipment, up 2.18%.
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 a more exact ratio of 1.93-to-1.0. In actual numbers, there were 2,748 Decliners to 1,421 Advancers with 320 Unchanged. The market was buoyantly bullish on Friday, but that atmosphere did not carry over to today. The market had a bearish trend today.
Today, there were 266 new 52-Week Highs and 32 new 52-Week Lows. There were 609 new 52-Week Highs and 44 new 52-Week Lows on Friday.
The total volume of stocks traded today at the NYSE was 4,147,514,415, 20% lower than the total volume of 5,123,510,038 shares traded on Friday.
On the NASDAQ, the Decliners outnumbered the Advancers. There were two Decliners for every Advancer, or an exact ratio of 2.17-to-1.0. In actual numbers, there were 3,160 Decliners to 1,453 Advancers with 279 Unchanged.
Today, there were 180 new 52-Week Highs and 61 new 52-Week Lows. There were 193 new 52-Week Highs and 1 new 52-Week Lows on Friday.
The total volume of shares traded at the NASDAQ today was 8,732,031,796, or 10% lower than the total volume of 9,649,244,325 shares traded on Friday.
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Stock In The News /Stock To Watch
The US Markets
Nvidia Corp. (NVDA) is due to report earnings after market close on Wednesday, but got ratings upgrade from some financial analysts today. NVIDIA earnings report is going to be a market moving event.
A stock to keep an eye on in the short term is Fabrinet Inc. (FN) if the market cooperates. The company is a provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, such as optical communication components, modules and sub-systems, automotive components, industrial lasers, medical devices and sensors.
Tesla Inc. (TSLA) gained today. The stock is also close to a buy point. Airline stocks have been among the high performers this year. A few weeks ago, we pointed out Ryanair Holdings. SkyWest Inc. (SKYW) is a stock worth keeping an eye on or adding to your watchlist.
Market Roundup Report
The Fed Chairman’s speech at Jackson Hole sent the indexes rallying strongly on Friday, but that market mood vaporized over the weekend, or certainly did not persist in the market today. The total volume of shares traded today was down ten to twenty percent for the indexes as investors appear to be waiting for the Nvidia earnings report before making commitments.
Investors were more concerned about NVIDIA earnings report, which is due after market close on Wednesday. NVDA and Intel Corp (INTC) stocks gave NASDAQ a lift today. The lift enabled NASDAQ to end the session as the top performer among the indexes, even though the three indexes closed in the red. INTC stock has risen 25% this month as of today. NVIDIA earning report on Wednesday is certain to be market moving. The stock is generally regarded as the main driving force behind AI, although competitors are springing up and ready to snatch the limelight away from the company.
Gold miner stocks will likely do well tomorrow as President Trump, this evening, created market uncertainty, in advance, at tomorrow’s market with the announcement of firing one of the Fed governors, Lisa Cook. This is potentially a very controversial move as it may directly threaten the independence of the Federal Reserve.
Oil Price: Oil prices rose nearly 2% to $64.80 a barrel. US Oil price was at $64.65 per barrel, as of the time (11:30 pm ET, Monday) of this post update.
10 –year Treasury Yield: US Treasury yield rose today, settling three basis points ahead to 4.28%. The 10-year yield was at 4.302%, as of the time (11:30 pm ET, Monday) of this post update.
Gold is at $3,423.50 per troy ounce, while silver is up 0.22% at $38.79 per ounce as of the time of this post update.
Bitcoin (BTC-USD) is at $110,126.17, down -1.03% as of the time (11:30 am ET, Monday) of this post update.
After-hours action
Stock Futures are down and have continued the pullback as President Trump escalates the attack on Fed independence by announcing this evening that he has fired Fed Governor Lisa Cook. Dow Futures is down -16.00 points or 0.03% vs. fair value. S&P 500 futures is down -2.50 points or -0.04%, and Nasdaq 100 futures is down -21.75 points or -0.09% as of the time (11:30 pm ET, Monday) of this post update.
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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.
