The Canadian Vanguard Stock Market Report – Tuesday, May 13, 2025
Technology Stocks Rally On, Nvidia Wins Supply Deal to Big Saudi Data Center Project
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The Toronto Market
The TSX composite index was up 84.68 points or 0.33%, to close the session at 25,616.86. The TSX is up five consecutive sessions. The total volume of shares traded was about a quarter lower compared to yesterday.
The Market Breadth: Six of the ten major sectors gained. The rally remains strong, but the market was less buoyant compared to yesterday. Energy gained 0.99%; Industrials gained 0.60%; Discretionary Consumer Goods & Services, a good indication of retail stocks’ performance, gained 0.56%; Financials was up 0.29%; and Technology was up a mere 0.16%. Healthcare, down -0.23%, Durable Consumer Goods & Services, down -0.45%, Utilities, down -0.78%, and Telecommunications Services, down -2.30%, were the laggards today.
Industry Groups: The top five industry groups in the TSX today were: Tires & Rubber Products, up 14.04%; Electrical Components & Equipment, up 8.35%; Construction & Agricultural Machinery, up 4.78%; Office Equipment, up 4.63%; and Paper Packaging, up 3.59%.
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 1.77-to-1.0. In real numbers, there were 1,219 Advancers to 688 Decliners while 130 stocks remained Unchanged.
Today, there were 91 new 52-Week Highs and 15 new 52-Week Lows. There were 69 new 52-Week Highs and 7 new 52-Week Lows yesterday.
The total volume of shares traded at the TSX today was 418,823,413, or 24% less than the volume of 549,357,057 shares traded yesterday.
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The US Markets
The Dow Jones Average index retreated -269.67 points or -0.64% to close at 42,140.43. The S&P 500 index was up 42.36 points or 0.72% to close at 5,886.55. The Nasdaq Composite advanced 301.74 points or 1.61%, to close at 19,010.09. In small caps, Russell 2000 was up 10.15 points, or 0.49% to close at 2102.35.
The Market Breadth: Seven of the major sectors gained in today’s market session. Technology was up 1.96%; Energy was up 1.70%; Discretionary Consumer Goods & Services was up 1.03%; Financials was up 0.53%; Industrials was up 0.51%; and Utilities gained 0.29%. Telecommunications Services declined -0.72%; Durable Consumer Goods & Services declined -0.87%; and Healthcare was bringing up the rear with -2.60% decline.
Industry Groups: The top five industry groups in the TSX today were: Coal, up 6.49%; Paper Products, up 5.00%; Semiconductors, up 4.51%; Advertising / Marketing, up 4.27%; and Computer Hardware, up 3.87%.
Today’s Market Statistics
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 1.86-to-1.0. In actual numbers, there were 2,721 Advancers to 1,461 Decliners with 277 Unchanged.
Today, there were 189 new 52-Week Highs and 77 new 52-Week Lows. There were 165 new 52-Week Highs and 43 new 52-Week Lows yesterday.
The total volume of stocks traded today at the NYSE was 5,626,256,615, or 7.5% less than the total volume of 6,079,732,965 shares traded yesterday.
On the NASDAQ, the Advancers outnumbered the Decliners. There were roughly four Advancers for every three Decliners, or an exact ratio of 1.36-to-1.0. In actual numbers, there were 2,590 Advancers to 1,904 Decliners with 212 Unchanged.
Today, there were 170 new 52-Week Highs and 108 new 52-Week Lows. There were 158 new 52-Week Highs and 168 new 52-Week Lows yesterday.
The total volume of shares traded at the NASDAQ today was 9,566,039,161, or 14% less than the total volume of 11,061,043,755 shares traded yesterday.
Market Roundup Report
The indexes, except the Dow Jones index, were up today, helped in part by the report that CPI inflation dipped. UnitedHealth Group, down to a 4-year low, contributed to the Dow’s poor showing today. Earlier today, the Labour Department’s inflation report showed that the consumer price index (CPI) rose 0.2% in April, which adds up to an annual increase of 2.3%. This in turn was less than the 0.3% estimated monthly rise, or the 2.4% annual increase that was expected. The lower inflation helped boost the market performance. The S&P500 and NASDAQ indexes rose. Market volatility is still very much a reality. The indexes were up, but the volume of shares traded was down. That is the exact opposite of the scenario we would like to see.
Oil Price: U.S. crude oil futures rose, further building on recent gains, to trade at $63.67 per barrel earlier, in the afternoon, today. US crude oil price was up at $63.28 a barrel as of the time (11:30pm ET, Tuesday) of this post update.
10 –year Treasury Yield: The 10-year Treasury yield was up slightly in the morning to 4.46%. US Treasury 10-year Treasury yield was at 4.469% as of the time (11:30pm ET, Tuesday).
After-hours action: Futures were relatively flat Tuesday evening. Dow Futures was up 13 points or 0.03% vs. fair value. S&P 500 futures was up 0.05%, and Nasdaq 100 futures was up 0.13% as of the time (11:30pm ET, Tuesday) of this post update.
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Stock in the News /Stock To Watch
The Toronto Market
Among the technology companies, Celestica Inc. (TSX:CLS) is definitely worth keeping an eye on. Celestica stock was up 9.12% or $12.80 to close at $153.13 with 1M shares traded today. Retail stocks continue to do well in the TSX. Aritza Inc. (TSX:ATZ) was up 3.54% or $2.29 with 645K shares changing hands today. Gildan Activewear is another retail stock that possibly belongs on our watchlist. The stock currently appears to be tracing the right side of a cup.
The US Markets
President Trump arrived in Saudi Arabia yesterday. Nvidia Corp’s (NVDA) CEO was part of the trade team on the trip. It was announced later that Nvidia has secured the deal to be the main chip supplier to the proposed big Saudi data center project. The deal lifted a number of other AI suppliers’ stocks. Super Micro Computer Inc. (SMCI) was up 16% or $5.37% to close at $38.89 with 96.75M shares traded. Broadcom Inc. (AVGO) stock was up 4.9% or $10.84 to close at $232.42 with 28M shares traded. Taiwan Semiconductor Manufacturing Co Ltd (TSM) is completing the right side of a cup with a handle pattern.
Other stocks in the news, worth keeping an eye on, and not strictly technology sector companies are: Sea Limited (SE) and Robinhood Markets (HOOD).
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Regular Market Day Features
The Canadian Vanguard Beginner’s Watchlist
The Blended Growth Stock Watchlist
EV Manufacturers and Resource Stocks
Tesla continues to rally, but other EV manufacturers’ stocks were down today, even as Tesla sales in China continue to decline.
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