The Canadian Vanguard Stock Market Report – Thursday, May 15, 2025

Market Rally Rolls On, Nasdaq is down today but the markets remain bullish

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The Toronto Market

The TSX composite index was up 205.03 points or 0.80%, to close the session at 25,897.48. The TSX is up seven consecutive sessions, with today’s performance even better than in the last two sessions. The total volume of shares traded was slightly higher today compared to yesterday.

                                                                                                                                             

The Market Breadth:  Eight of the ten major sectors gained today. Industrials gained 1.71%; Durable Consumer Goods & Services gained 1.66%; Telecommunications Services gained 1.23%; and Utilities was up 1.07%. Basic Materials gained 0.96%; Financials was up 0.95%; and Healthcare gained 0.67%. Technology, down a marginal -0.04% and Energy, down -0.25%, were the laggards today.

Industry Groups:  The top five industry groups in the TSX today were: Engineering & Construction, up 4.86%; Marine Transportation, up 3.27%; Aerospace & Defense, up 2.65%; Retail – Discount Stores, up 2.62%; and Environmental Services, up 2.53%.

Today’s Statistics

Today, the issues that gained (Advancers) outnumbered those that declined (Decliners). There were roughly two Advancers for every Decliner, or a more exact ratio of 2.26-to-1.0. In real numbers, there were 1,311 Advancers to 579 Decliners while 136 stocks remained Unchanged.

Today, there were 110 new 52-Week Highs and 15 new 52-Week Lows. There were 58 new 52-Week Highs and 28 new 52-Week Lows yesterday.

The total volume of shares traded at the TSX today was 392,455,431, or 1% more than the volume of 387,077,617 shares traded yesterday.

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The US Markets

The markets ended mixed today. The Dow Jones Average index was up 271.69 points or 0.65% to close at 42,322.75. The S&P 500 index gained 24.35 points or 0.41% to close at 5,916.93. The Nasdaq Composite declined -34.49 points or -0.18%, to close at 19,112.32. In small caps, Russell 2000 was up 10.89 points, or 0.52%, to close at 2094.69.     

The Market Breadth: Seven of the major sectors gained in today’s market session compared to only two yesterday. The difference did not end there. Telecommunications services, up 2.10%, was the top sector today. Yesterday,   Technology, down -0.24% today, but up 1.02% yesterday, was the top gaining sector. Utilities gained 1.83%; Durable Consumer Goods & Services gained 1.68%; Healthcare was up 1.56%; Financials was up 0.71%; and Industrials was up 0.66%.  Energy, down -0.05%; Technology, down -0.24%, and Discretionary Consumer Goods & Services, down -0.50%, were the bottom performers today.

Industry Groups:  The top five industry groups in the TSX today were: Utilities – Water & Gas, up 3.24%; Pharmaceuticals – Generic & Specialty, up 3.10%; Retail – Drugs, up 3.03%; Tobacco, up 2.86%; and Beverages – Non Alcoholic, up 2.69%.

Today’s Market Statistics  

Today, at the NYSE, the issues that gained (Advancers) outnumbered the issues that declined (Decliners). There were roughly two Advancers for every Decliner, or an exact ratio of 2.08-to-1.0. In actual numbers, there were 2,808 Advancers to 1,348 Decliners with 240 Unchanged.

Today, there were 170 new 52-Week Highs and 46 new 52-Week Lows. There were 132 new 52-Week Highs and 68 new 52-Week Lows yesterday.

The total volume of stocks traded today at the NYSE was 5,065,603,474, or 5% less than the total volume of 5,333,959,365 shares traded yesterday.

On the NASDAQ, the Advancers outnumbered the Decliners. There were roughly three Advancers for every two Decliners, or an exact ratio of 1.41-to-1.0. In actual numbers, there were 2,613 Advancers to 1,848 Decliners with 222 Unchanged.

Today, there were 123 new 52-Week Highs and 119 new 52-Week Lows. There were 137 new 52-Week Highs and 128 new 52-Week Lows yesterday.

The total volume of shares traded at the NASDAQ today was 10,969,388,533, or 11% less than the total volume of 12,339,402,815 shares traded yesterday.

Market Roundup Report

The current market rally rolls on. There were changes at the market today. Investors were risk-averse today. The leading sectors, Telecommunications Services and Utilities, are the investor’s traditional safety sectors. There was clearly a move towards safety today. One day’s performance, however, is not enough to drive our decisions; we have to keep an eye on the trend while also keeping our readers informed. Yesterday, we mentioned that “Technology is back”, today technology was down at the markets, but not drastically. NASDAQ, down a relatively minor 0.18%, was the only index to decline. NASDAQ was down today, but after six consecutive gaining and upbeat sessions. It is too early to give up on technology, especially as the current rally rolls on.

10 –year Treasury Yield:   The US Treasury 10-year yield was down to 4.43% earlier today. The 10-year yield was at 4.402% as of the time (11:30pm ET, Thursday).

After-hours action:  Futures are little changed after hours this evening.  Dow Futures was up 27 points or 0.07% vs. fair value. S&P 500 futures was down -0.03%, and Nasdaq 100 futures was -0.07% 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’s Watchlist

The Blended Growth Stock Watchlist

EV Manufacturers and Resource Stocks

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