Indexes closed higher as leadership rotated from gold miners to AI-related stocks
The Canadian Vanguard Stock Market Report – Thursday, October 2, 2025 Edition
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The Toronto Market
The TSX Composite Index rose 52.92 points, or 0.18%, closing the session at 30,160.59. The index has now gained in the last five consecutive market sessions.
Today’s Market Statistics: The issues that gained (Advancers) outnumbered those that declined (Decliners). There were eight Advancers for every five Decliners, or a more exact ratio of 1.62-to-1.0. In real numbers, there were 1,202 Advancers to 739 Decliners while 150 stocks remained Unchanged.
Today, there were 390 new 52-Week Highs and 23 new 52-Week Lows. There were 461 new 52-Week Highs and 33 new 52-Week Lows yesterday.
The total volume of shares traded at the TSX today was 452,692,373, or 8.6% higher than the volume of 416,480,269 shares traded yesterday.
Market Wrap-Up Report
The TSX index extended its rally today, but several gold mining stocks saw a modest pullback. After leading the market for weeks, gold and gold miners appeared stretched, making a controlled pullback both expected and healthy.
Leadership shifted as AI-related and broader tech stocks stepped in to drive gains. Many gold miners closed down between 1% and 3%, signaling a pause—not a retreat. Don’t count them out just yet; the gold trade still has room to run and could return to leadership soon.
The Technology sector rose 1.16% today, coming in just behind the Durable Consumer Goods & Services sector, which led the TSX. Financials posted a modest gain of 0.07%, while Basic Materials slipped 0.30%, edging out Telecommunications Services, which was the day’s worst-performing sector.
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The US Markets
All three major indexes posted gains for the fifth consecutive session. NASDAQ was again the top performer of the indexes today. The Dow Jones Industrial Average rose 78.62 points, or 0.17%, to close the session at 46,519.72. The S&P 500 index added a mere 4.15 points or 0.06%, ending the session at 6,715.35. The Nasdaq Composite rose 88.89 points or 0.39%, to finish at 22,844.05. The Russell 2000, which tracks small-cap stocks, rose 16.14 points, or 0.66%, closing at 2458.49.
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 five Decliners, or a more exact ratio of 1.16-to-1.0. In actual numbers, there were 2,273 Advancers to 1,961 Decliners with 366 Unchanged.
Today, there were 530 new 52-Week Highs and 93 new 52-Week Lows. There were 580 new 52-Week Highs and 99 new 52-Week Lows yesterday.
The total volume of stocks traded today at the NYSE was 5,464,093,513, or 10% lower than the total volume of 6,122,018,232 shares traded yesterday.
On the NASDAQ, the Advancers outnumbered the Decliners. There were roughly seven Advancers for every five Decliners, or an exact ratio of 1.37-to-1.0. In actual numbers, there were 2,706 Advancers to 1,971 Decliners with 284 Unchanged.
Today, there were 410 new 52-Week Highs and 105 new 52-Week Lows. There were 320 new 52-Week Highs and 107 new 52-Week Lows yesterday.
The total volume of shares traded at the NASDAQ today was 9.941,826,991, or 4% lower than the total volume of 10,377,025,866 shares traded yesterday.
Market Roundup Report
Technology led the market today, with AI-related stocks and companies in the Semiconductor Equipment & Testing industry taking the lead from gold miners as the top performers—at least for now. On the NYSE, advancers outpaced decliners, though the margin was narrower than yesterday. Overall trading volume on the exchange declined by 10%.
The rally remains intact, with both the NASDAQ and S&P 500 reaching new highs in today’s session.
Among individual names, disk drive manufacturers saw some mixed action. Seagate Technology (STX) pulled back, closing in the red after several strong sessions. Western Digital (WDC) posted a modest gain of 0.51%, but saw a notable 79% increase in trading volume compared to the previous day. Another stock to watch is Credo Technology Group (CRDO), which gained 3.26% on the day, accompanied by a 22% uptick in trading volume.
Oil Price: U.S. crude oil futures fell 2% today. US Oil price is at $61.15 per barrel, as of the time (11:30 pm ET, Thursday) of this post update.
10 –year Treasury Yield: The 10-year Treasury yield fell and was 4.10% earlier in the day. The 10-year yield is at 4.10%, as of the time (11:30 pm ET, Thursday) of this post update.
Gold and Silver prices rose and were near record highs Thursday evening. Gold price was up 0.35% at $3,882.70 while Silver was up 1.77% at $47.18 per ounce as of the time of this post update.
Bitcoin (BTC-USD) is at $119,957.59, as of the time (12:30 am ET, Friday) of this post update.
After-hours action: Stock futures posted modest gains Thursday evening. Dow futures rose 78.00 points, or 0.17%, relative to fair value. S&P 500 futures were up 15.00 points, or 0.22%, to 6,781.00, while Nasdaq 100 futures climbed 65.25 points, or 0.26%, as of 12:30 a.m. ET Friday.
However, in recent weeks, the market’s performance during regular trading hours has often shown little correlation with the futures activity observed the night before.
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(c) This article is published by The Canadian Vanguard on October 2, 2025
