The Canadian Vanguard Stock Market Report – Thursday, April 24, 2025
Markets Are Back To life, NASDAQ Is Up Two Percent Plus In Three Consecutive Market Sessions
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The Toronto Market
The TSX composite index gained 254.85 points or 1.04%, to close the session at 24,727.53. The TSX composite index is back in an upswing. The index has now been up seven of the past eight sessions.
The Market Breadth: Eight of the ten major sectors gained in the market session. Healthcare, up 3.44%, was the top sector at market close. Technology was up 3.12%; Basic Materials gained 1.55%; Energy was up 0.87%; Financials gained 0.76%; and Discretionary Consumer Goods and Services was up 0.68%. Durable Consumer Goods and Services, down -0.27%, and Telecommunications Services, down -0.36%, were the laggards at the session.
Industry Groups: The top five industry groups in the TSX today were: Air Freight & Courier Services, up 15.21%; Construction Materials, up 5.25%; Healthcare Facilities, up 4.93%; Pharmaceuticals – Generic & Specialty, up 4.44%; and Coal, up 3.80%.
Today’s Statistics: The issues that gained (Advancers) outnumbered those that declined (Decliners). There were four Advancers for every Decliner, or a more exact ratio of 4.24-to-1.0. In real numbers, there were 1,540 Advancers to 363 Decliners while 121 stocks remained Unchanged.
Today, there were 27 new 52-Week Highs and 3 new 52-Week Lows. There were 38 new 52-Week Highs and 5 new 52-Week Lows yesterday.
The total volume of shares traded at the TSX today was 344,607,911, or 14% less compared to the volume of 399,012,994 shares traded yesterday.
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The US Markets
The Dow Jones Average index gained 486.83 points or 1.23% to close at 40,093.40. The S&P 500 index jumped 108.91 points or 2.03% to close at 5,484.77. The Nasdaq Composite advanced 457.99 points or 2.74%, to close at 17,166.04. The markets are on a roll, at least for now.
The Market Breadth: Nine of the ten major sectors that we follow gained in the US market. Technology, up 3.18%, was the top sector. Basic Materials gained 2.21%; Discretionary Consumer Goods & Services was up 1.88%; and Financials gained 1.51%. Energy was up 1.40%, and Telecommunications Services was up 0.83%. Durable Consumer Goods & Services was down -0.69%, bringing up the rear at the session.
Industry Groups: The top five industry groups at the US markets today were: Textile & Leather Goods, up 5.72%; Computer Hardware, up 5.30%; Aluminum, up 5.12%; Semiconductors, up 4.61%; and Rails & Roads – Passengers, up 4.25%.
Today’s Market Statistics: At the NYSE, the issues that gained (Advancers) outnumbered the issues that declined (Decliners). There were roughly six Advancers for every Decliner, or an exact ratio of 5.84-to-1.0. In actual numbers, there were 3,521 Advancers to 603 Decliners with 227 Unchanged. The bullish market run continues.
Today, there were 50 new 52-Week Highs and 30 new 52-Week Lows. There were 43 new 52-Week Highs and 28 new 52-Week Lows yesterday.
The total volume of stocks traded today at the NYSE was 4,765,888,498, or 12% less compared to the total volume of 5,428,521,679 shares traded yesterday.
On the NASDAQ, the Advancers outnumbered the Decliners. There were roughly seven Advancers for every two Decliners, or an exact ratio of 3.48-to-1.0. In actual numbers, there were 3,481 Advancers to 999 Decliners with 183 Unchanged.
Today, there were 60 new 52-Week Highs and 61 new 52-Week Lows. There were 73 new 52-Week Highs and 44 new 52-Week Lows yesterday.
The total volume of shares traded at the NASDAQ today was 7,878,477,920, or 12% less compared to the total volume of 8,943,594,634 shares traded yesterday.
Oil Price: US crude oil price was at $63.34 a barrel, up 0.83%, as of the time (12:30am EDT, Friday) of this post update.
10 –year Treasury Yield: US Treasury 10-year Treasury yield was down slightly at 4.3% in late afternoon today. The 10-year yield was at 4.303%, as of the time (12:30am EDT, Friday) of this post update.
After-hours action: Futures were mixed Thursday evening. The Dow Futures was fluctuating between -0.22% and 0.10% all evening but was at 0.09% vs. fair value. S&P 500 futures was up 0.41%, and Nasdaq 100 futures was up 0.45% as of the time (12:30am EDT, Friday) of this post update.
Market Roundup Report: All the major indexes gained today. Both S&P 500 and NASDAQ were up higher 2% today. Dow closed up slightly above 1%. Unlike yesterday, the market gains today came with volumes of shares traded quite reduced compared to yesterday. The rally remains very much alive and the market outlook has changed to being upbeat, however, the risk resulting from Trump’s tariffs remains. Market indexes have been making massive jumps or declines in response to tariff announcements. Jumps of 12% up and a reverse decline of 11% happened last week.
The market outlook is upbeat, but just as the market can jump 12%, it could also decline 12% in response to Trump tariff announcements. Investors need to be careful with exposures until the tariff announcements become better structured. The risk of being wiped out, if caught on the wrong side of a tariff announcement, remains real indeed, especially with growth stocks.
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Stock In The News / Stock To Watch
The market indexes are on a roll, but the risks of volatility resulting from major tariff announcements by President Trump remain. Technology stocks are back as gold stocks take a needed break. Palantir Technologies Inc. (PLTR) Crowdstrike Holdings, Inc. (CRWD) and Netflix Inc. (NFLX) are three stocks worth keeping an eye on. Netflix is close to being extended. Netflix stock has been up in seven of the past eight market sessions. Palantir is building the right side of a cup pattern. Today, CrowdStrike Holdings was up 7.34% or $28.30 to close at $414.05 with 4.6M shares traded. PLTR stock was up 6.90% or $6.96 to close at $107.78 with 103.2M shares traded. NFLX stock gained 4.50% or $47.28 today to close at $1,096.87 with 6.4M shares traded.
Outside of technology, the list of promising stocks includes LOAR Holdings Inc. (LOAR) is one stock to keep an eye on.
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Regular Market Day Features
The Canadian Vanguard Beginner’s Watchlist
The Blended Growth Stock Watchlist
EV Manufacturers and Resource Stocks
The BYD Company (BYDDF) is a company to keep an eye on, especially if a tariff-driven trade dispute with China is resolved before further escalation.
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