Gold miners were golden on Monday as investors took refuge in the stocks of Gold diggers
The Canadian Vanguard Stock Market Report – Monday, June 2, 2025
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The Toronto Market
The TSX composite index advanced 213.96 points or 0.82%, to close the session at 26,388.96. The index is looking “unstoppable” at this point and has been the best performer, in the past six weeks, of the four major North American market indexes that we follow. Gold price was marginally down at the market today, but the gold miner stocks were on a roll. Volume was down across the markets today.
The Market Breadth: Six of the ten TSX major sectors gained. Gold miners were in control today, and Basic Materials, up 3.79%, prevailed over the other sectors. Energy was up 1.57%; Durable Consumer Goods & Services was up 1.08%; Telecommunications Services gained 1.02%; Discretionary Consumer Goods & Services was up 0.19%; and Financials was up a paltry 0.05%. Utilities, down -0.17%, led the declined sectors; Technology declined -0.31%; Industrials was down -0.33%; and Healthcare, down -1.40%, was the laggard sector on Monday.
Industry Groups: The top five industry groups in the TSX today were: Precious Metals & Minerals, up 5.35%; Steel, up 3.45%; Aluminum, up 2.98%; Retail – Computers & Electronics, up 2.18%; and Oil & Gas, up 2.69%.
Today’s Statistics
Today, the issues that gained (Advancers) outnumbered those that declined (Decliners). There were roughly three Advancers for every two Decliners, or a more exact ratio of 1.49-to-1.0. In real numbers, there were 1,144 Advancers to 767 Decliners while 135 stocks remained Unchanged.
Today, there were 165 new 52-Week Highs and 27 new 52-Week Lows. There were 64 new 52-Week Highs and 18 new 52-Week Lows yesterday.
The total volume of shares traded at the TSX today was 462,083,588, or 30% less than the volume of 655,018,584 shares traded yesterday. The volume at the TSX on Friday was unusually large. The total volume of shares traded today is about normal.
Market Roundup Report
The TSX has been the best performer of the four major North American market indexes that we follow. The index hit 26,000 a couple of sessions back and has continued to advance. Thanks to the gold miner stocks’ performance today, the TSX is starting to look unstoppable in the short term. However, investors should expect some rotation among the sectors, though if the index continues to prevail.
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The US Markets
The Dow Jones was the only major index that gained on Friday, but today, the Dow Jones index was the laggard among the three major indexes. The Dow Jones Average index was up 35.41 points or 0.08% to close the session at 42,305.48. The S&P 500 index was up 24.25 points or 0.41% to close at 5,935.94. The Nasdaq Composite gained 128.85 points or 0.67%, to close at 19,242.61. In small caps, Russell 2000 was up 3.88 points or 0.19% to close at 2070.16.
The Market Breadth: The first market session in June started with a broad market spread. Nine of the major market sectors ended the session gaining. Energy, up 1.41%, was the top sector, and Basic Materials was up 1.15% as precious metals miners dominated the day. Technology was up 0.78%; Telecommunications Services, was up 0.43%; Utilities was up 0.33%; Financials was up 0.18%; Durable Consumer Goods & Services gained 0.11%; and Discretionary Consumer Goods & Services gained 0.11%; and Industrials, the only sector that did not gain today, declined -0.20%.
Industry Groups: The top five industry groups in the US markets on Friday were: Retail – Discount Stores, up 1.95%; Food Distribution & Convenience Stores, up 1.46%; Tobacco, up 1.43%; Retail – Specialty, up 1.39%; and Insurance – Property & Casualty, up 1.38%.
Today’s Market Statistics
At the NYSE, the issues that gained (Advancers) outnumbered the issues that declined (Decliners). There were roughly one Advancer for every Decliner, or an exact ratio of 1.06-to-1.0. In actual numbers, there were 2,159 Advancers to 2,030 Decliners with 281 Unchanged. The ratio of advancers to decliners was quite close.
Today, there were 257 new 52-Week Highs and 68 new 52-Week Lows. There were 94 new 52-Week Highs and 62 new 52-Week Lows yesterday.
The total volume of stocks traded today at the NYSE was 4,897,794,636, or 26% less than the total volume of 6,615,701,840 shares traded yesterday.
On the NASDAQ, the Advancers outnumbered the Decliners. There were roughly six Advancers for every five Decliners, or an exact ratio of 1.16-to-1.0. In actual numbers, there were 2,407 Advancers to 2,072 Decliners with 249 Unchanged.
Today, there were 192 new 52-Week Highs and 105 new 52-Week Lows. There were 78 new 52-Week Highs and 97 new 52-Week Lows yesterday.
The total volume of shares traded at the NASDAQ today was 7,910,224,776, or 17.5% less than the total volume of 9,587,448,628 shares traded yesterday.
Market Roundup Report
Gold was down marginally today, but gold miner stocks were very much alive, thanks to the re-emergence of the tariff threats on China by the Trump administration and the counter accusation of non-compliance by the US from China. Tensions between the U.S. and China are rising. The indexes were all up today, but the volume of shares was down. The volume of shares traded today was down substantially across the markets. That is a negative sign, a call for caution. Our readers should trade cautiously, as long as the US-China tariff-driven trade dispute persists.
Oil Price: US Oil futures rose today. US Oil price was $62.77 as of the time (11:30pm ET, Friday) of this post update.
10 –year Treasury Yield: The US 10-year Treasury yield slid slightly earlier today. The 10-year yield was at 4.222% as of the time (11:30pm ET, Monday) of this post update.
After-hours action: Futures slipped Monday evening. Dow Futures slipped -155.00 points or -0.37% vs. fair value. S&P 500 futures was down 21.75 or -0.37%, and Nasdaq 100 futures slipped -68.50 or -0.32% as of the time (11:30 pm ET, Monday) of this post update.
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