Seemingly Endless Tariff Saber Rattling continues to checkmate the markets

The Canadian Vanguard Stock Market Report – Tuesday, July 8, 2025 Edition

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The Toronto Market

The TSX composite index declined -116.71 points or -0.43%, to close the session at 26,903.57. TSX closed below the 27,000 level today, the first time the TSX closed below that level since it crossed over last week for the first time. The TSX has been on a roll since early April. It is easy to forget that as recently as April 8, the TSX closed at 22,507. The TSX climbed about 4,500 points in roughly three months.

                                                                                                       

Today’s Market Statistics

Today, the issues that gained (Advancers) outnumbered those that declined (Decliners). There were five Advancers for every four Decliners, or a more exact ratio of 1.29-to-1.0. In real numbers, there were 1,108 Advancers to 857 Decliners while 166 stocks remained Unchanged.

Today, there were 177 new 52-Week Highs and 13 new 52-Week Lows. There were 199 new 52-Week Highs and 11 new 52-Week Lows yesterday.

The total volume of shares traded at the TSX today was 480,213,497, or 7.5% lower than the volume of 446,448,116 shares traded yesterday.

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The US Markets

The indexes closed mixed today. The Dow Jones Average index declined -165.60 points or -0.37%, to close the session at 44,240.76. The S&P 500 index declined -4.46 points or -0.07% to close at 6,225.52. The Nasdaq Composite gained 5.95 points or 0.03%, to close the session at 20,418.47. In small caps, Russell 2000 ended the session at 2228.74, having gained 14.51 points or 0.66%. Small caps had some relief today.

      Today’s Market Statistics  

At the NYSE, the issues that gained (Advancers) outnumbered the issues that declined (Decliners). There were three Advancers for every two Decliners, or an exact ratio of 1.50-to-1.0. In actual numbers, there were 2,462 Advancers to 1,634 Decliners with 326 Unchanged.

Today, there were 209 new 52-Week Highs and 32 new 52-Week Lows. There were 450 new 52-Week Highs and 33 new 52-Week Lows yesterday.

The total volume of stocks traded today at the NYSE was 5,831,240,016, or about 10%, one in ten, higher than the total volume of 5,306,573,424 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 1.65-to-1.0. In actual numbers, there were 2,841 Advancers to 1,716 Decliners with 251 Unchanged.

Today, there were 130 new 52-Week Highs and 57 new 52-Week Lows. There were 145 new 52-Week Highs and 70 new 52-Week Lows yesterday.

The total volume of shares traded at the NASDAQ today was 8,647,991,073, or 1% higher than the total volume of 8,537,399,716 shares traded yesterday.

Market Roundup Report

The indexes closed mixed today. Volume was up ten percent on the NYSE and up about one percent on the NASDAQ. Investors are waiting for the current tariff uncertainties to play out.

 Oil Price:    Tuesday, US oil prices eased, and the US WTI oil price was at $67.94 per barrel. US Oil price was at $68.24 per barrel as of the time (11:30 pm ET, Tuesday) of this post update.

10 –year Treasury Yield:   The 10-year Treasury rose to 4.42% in the afternoon. The 10-year yield was at 4.415%, as of the time (11:30 am ET, Tuesday) of this post update.

After-hours action:  Futures are little changed after a Trump tariff crippled session. Dow Futures was down -49.00 points or -0.11% vs. fair value. S&P 500 futures was down -7.25 or -0.12%, and Nasdaq 100 futures is down -23.75 points or -0.10% as of the time (11:30 pm ET, Tuesday) of this post update.

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Regular Market Day Features

The  Canadian Vanguard Beginner Investor’s Watchlist

The Blended Growth Stock Watchlist

EV Manufacturers and Resource Stocks

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.