The Canadian Vanguard Stock Market Report – Thursday, June 12, 2025 Edition

Tariffs have so far failed to drive inflation higher

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The Toronto Market

The TSX composite index gained 91.59 points or 0.35%, to close the session at 26,615.75. The TSX was back today as the best performer of the four North American major indexes that we track and report on. The index has gained in twenty-four of the last twenty-eight market sessions.

                                                                                                                                 

The Market Breadth:  Nine of the ten major TSX sectors gained today. Telecommunications Services, up 1.27%, was the top sector. Durable Consumer Goods & Services gained 1.10%; Utilities gained 1.08%; Energy gained 0.88%; Basic Materials gained 0.79%; and Financials gained 0.43%. TD Bank (TSX: TD) is currently close to its 52-Week High Price. Discretionary Consumer Goods & Services managed a 0.08% gain. Yesterday, the sector was the top- performing sector as retail stocks advanced well. Technology, down -2.23%, was the laggard today. Shopify Inc. (TSX: SHOP), down -4.77% or -$7.44 today, contributed to the Technology sector’s decline.

Industry Groups:  The top five industry groups in the TSX today were: Auto & Truck Manufacturers, up 17.24%; Textiles & Leather Goods, up 7.69%; Consumer Electronics, up 6.67%; Construction Materials, up 3.99%; and Personal Services, up 3.36%.

Today’s Statistics: Today, the issues that gained (Advancers) outnumbered those that declined (Decliners). There were three Advancers for every two Decliners, or a more exact ratio of 1.51-to-1.0. In real numbers, there were 1,104 Advancers to 729 Decliners while 183 stocks remained Unchanged.

Today, there were 122 new 52-Week Highs and 9 new 52-Week Lows. There were 157 new 52-Week Highs and 14 new 52-Week Lows yesterday.

The total volume of shares traded at the TSX today was 416,119,981, or 2% less than, or roughly about the same as, the volume of 423,823,861 shares traded yesterday.

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The US Markets

The three major indexes ended the day in the black, gained. The Dow Jones Average index gained 101.85 points or 0.24%, and closed the session at 42,967.62. The S&P 500 index gained 23.02 points or 0.38% to close at 6,045.26. The Nasdaq Composite gained 46.61 points or 0.24%, to close the session at 19,662.48. In small caps, Russell 2000 declined -8.14 points or -0.38% to close at 2140.09.

The Market Breadth:   Today’s market session was quite positive, an almost reversal of yesterday’s session. Seven sectors gained today compared to yesterday, when only two sectors gained. Utilities gained 1.12%; Healthcare gained 0.86%; Energy gained 0.63%; Technology gained 0.48%; Basic Materials gained 0.45%; Durable Consumer Goods & Services gained 0.36%; and Financials gained 0.32%. Telecommunications Services, down -0.31%, and Discretionary Consumer Goods & Services (Retail Stocks sector), down -0.44%, were the laggards today. The telecommunications sector in the US is more than not the laggard in recent market sessions.

Industry Groups:  The top five industry groups in the US markets today were: Precious Metals & Minerals, up 2.78%; Retail – Drugs, up 2.41%; Managed Health Care, up 1.90%; Consumer Electronics, up 1.87%; Insurance – Property & Casualty, up 1.66%. Gold and gold miners’ stocks did well today, so it is not surprising that Precious Metals & minerals was the top industry group today.

Today’s Market Statistics  

At the NYSE, the issues that gained (Advancers) totally outnumbered the issues that declined (Decliners). There was one Advancer for every Decliner, or an exact ratio of 1.03-to-1.0. In actual numbers, there were 2,534 Advancers to 1,566 Decliners with 281 Unchanged.

Today, there were 246 new 52-Week Highs and 43 new 52-Week Lows. There were 231 new 52-Week Highs and 47 new 52-Week Lows yesterday.

The total volume of stocks traded today at the NYSE was 4,762,944,939, or 8% less than the total volume of 5,184,649,890 shares traded yesterday.

On the NASDAQ, the Decliners outnumbered the Advancers. There was roughly one Decliner for every Advancer, or an exact ratio of 1.13-to-1.0. In actual numbers, there were 2,387 Decliners to 2,105 Advancers with 247 Unchanged.

Today, there were 169 new 52-Week Highs and 79 new 52-Week Lows. There were 192 new 52-Week Highs and 54 new 52-Week Lows yesterday.

The total volume of shares traded at the NASDAQ today was 17,039,761,724, or 40% higher than the total volume of 12,119,241,764 shares traded yesterday.

Market Roundup Report

Utilities advanced today as investors begin to acknowledge the future of AI and the huge power that will be needed by data centers to support AI deployments. The huge electricity demand that will be needed by big data centers in future will likely be met by nuclear powered generating plants running Small Modular Reactors.

Energy, Gold and gold miners’ stock did well at the market today. The same may repeat tomorrow as the Israel attack on Iran will likely keep oil prices up, and the uncertainties created by the possibility of war in the Middle East will likely drive more investors to gold and gold miners’ stocks.

Oil Price:      Oil prices continued to rise during the day and rose by more than 5% to $71 per barrel. Oil price rose further late evening after Israel attacked Iran, raising the possibility of Oil shipping difficulties through the Strait of Hormuz, the world’s most important oil transit choke point. US Oil price surged as high as $75.79 per barrel as of the time (12:30am ET, Friday) of this post update.

10 –year Treasury Yield:   The 10-year Treasury yield fell to 4.33% on Thursday.  The 10-year yield was at 4.328% as of the time (12:30am ET, Friday) of this post update.

After-hours action:   Futures were lower Thursday evening but slid even lower after Israel attacked Iran late Thursday evening. Dow Futures was down -605.00 points or -1.40% vs. fair value. S&P 500 futures was down -1.53%, and Nasdaq 100 futures was down -1.75% as of the time (12:30 am ET, Friday) of this post update.

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Regular Market Day Features

The  Canadian Vanguard Beginner Investor’s Watchlist

TD Bank (TD) and Dollarama (DOL) are stocks to keep an eye on and even add to your watchlist. In times of economic uncertainty, rich Canadians buy gold, and the other Canadians shop at Dollarama.

The Blended Growth Stock Watchlist

Gold and the gold miner stocks will likely continue to do well in the short term. AEM, FNV and AU are gold miners’ stocks to consider for your watchlist.

EV Manufacturers and Resource Stocks

The EV manufacturers were down today, but the new energy stocks had a better day and made up for the poor showing by the EV manufacturers. The new energy stocks are grouped in the Utilities sector.

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.