The Canadian Vanguard Stock Market Report – Tuesday, May 20, 2025 Edition
Gold miner stocks staged a comeback as Technology stocks wavered
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The Toronto Market
The TSX composite index gained 83.70 points or 0.32%, to close the session at 26,055.63. The TSX is truly on a roll. The index has now been up nine consecutive sessions. The total volume of shares traded was roughly the same as were traded yesterday.
The Market Breadth: Seven of the ten major sectors gained today. Basic Materials, up 3.18%, was the top sector as gold mining stocks rallied today. Retail stocks also made gains as Discretionary Consumer Goods & Services sector gained 1.46%. Utilities was up 1.07%; Healthcare gained 0.65%; Telecommunications Services gained 0.43%; Industrials gained 0.41%; and Durable Consumer Goods & Services gained 0.13%; Industrials gained 0.71%; Technology was up 0.50%; Financials declined -0.02%; Energy declined -0.12% and Technology, down -2.20, was the session’s laggard sector.
Industry Groups: The top five industry groups in the TSX today were: Fishing & Farming, up 77.7%; Marine Port Services, up 13.34%; Aluminum, up 4.76%; Precious Metals & Minerals, up 4.52%; and Computer Hardware, up 4.26%.
Today’s Statistics
Today, the issues that declined (Decliners) outnumbered those that gained (Advancers). There were roughly eleven Decliners for every ten Advancers, or a more exact ratio of 1.11-to-1.0. In real numbers, there were 1,065 Decliners to 956 Advancers while 132 stocks remained Unchanged.
Today, there were 203 new 52-Week Highs and 19 new 52-Week Lows. There were 142 new 52-Week Highs and 12 new 52-Week Lows yesterday.
The total volume of shares traded at the TSX today was 389,744,260, or about 1.5%, not much difference, less than the volume of 395,258,352 shares traded yesterday.
Market Roundup Report: The TSX has been outstanding since mid-April. The index has been up for the last nine market sessions. The TSX has performed more consistently than the three US major indexes. It is time to not overlook the Toronto market stocks. There are a good number of small caps within the index that are really doing well, climbing steadily and quite consistently. Thumbs Up to the TSX and the gold miners’ stocks, especially. Check back here tomorrow evening for some names.
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The US Markets
All three major indexes ended the session in the negative today. The Dow Jones Average index declined -114.83 points or -0.27% to close at 42,677.24. The S&P 500 index was down -23.14 points or -0.39% to close at 5,940.46. The S&P 500 snaps a six-day win streak. The Nasdaq Composite was down -72.75 points or -0.38%, to close at 19,142.72. In small caps, Russell 2000 gained 1.15 points, or 0.05%, to close at 2105.58.
The Market Breadth: Only four of the major sectors gained in the market session. Healthcare, up 0.49%, continued to lead the sectors; Utilities was up 0.32%; Durable Consumer Goods & Services gained 0.16%; and Basic Materials gained 0.06%. Telecommunications services was down -0.18%; Discretionary Consumer Goods & Services declined -0.34%; Financials declined -0.37%; Industrials declined -0.39%. Technology was down -0.44%; and Energy, down -0.51%, was for the second day running, the day’s bottom performer.
Industry Groups: The top five industry groups in the TSX today were: Marine Port Services, up 4.17%; Precious Metals & Minerals, up 3.17%; Consumer Electronics, up 3.00%; Tires & Rubber Products, up 2.44%; and Biotechnology, up 2.14%.
Today’s Market Statistics
At the NYSE, the issues that declined (Decliners) edged out the issues that gained (Advancers). There were seven Decliners for every five Advancers, or an exact ratio of 1.37-to-1.0. In actual numbers, there were 2,386 Decliners to 1,743 Advancers with 285 Unchanged.
Today, there were 219 new 52-Week Highs and 33 new 52-Week Lows. There were 216 new 52-Week Highs and 50 new 52-Week Lows yesterday.
The total volume of stocks traded today at the NYSE was 4,485,733,134, or 7% larger than the total volume of 4,183,981,794 shares traded yesterday.
On the NASDAQ, the Decliners barely outnumbered the Advancers. There was roughly one Decliner for every Advancer, or an exact ratio of 1.06-to-1.0. In actual numbers, there were 2,298 Decliners to 2,159 Advancers with 242 Unchanged.
Today, there were 151 new 52-Week Highs and 54 new 52-Week Lows. There were 139 new 52-Week Highs and 69 new 52-Week Lows yesterday.
The total volume of shares traded at the NASDAQ today was 11,198,874,852, or 18% less than the total volume of 13,653,284,505 shares traded yesterday.
Market Roundup Report
Futures fell overnight. Palo Alto Networks (PANW) was down after the earnings report. The revenue was weak. Technology stocks were mainly down on Tuesday, but Gold price rose and gold miner stock prices gained. The session was generally bullish, even though the three major indexes ended the session in the red with relatively small percentage losses. The rally continues. Broadcom Inc. (AVGO), Amazon (AMZN) are stocks to keep an eye on in the short term.
Oil Price: US crude oil prices were down today in the range of 0.2%. US Oil price was back up and at $62.82 a barrel as of the time (12:30am ET, Wednesday) of this post update.
10 –year Treasury Yield: The US Treasury 10-year yield rose to 4.48% in the late afternoon on Tuesday. The 10-year yield was at 4.521% as of the time (12:30am ET, Wednesday) of this post update.
After-hours action: Futures are down Tuesday evening. Dow Futures was down -144.00 points or -0.34% vs. fair value. S&P 500 futures was down -0.36%, and Nasdaq 100 futures was down -0.41% as of the time (12:30 am ET, Wednesday) of this post update.
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