Indexes Down on Tariff Worries, Bond Yields Rise

The Canadian Vanguard Stock Market Report – Tuesday, September 2, 2025 Edition

Breaking News: Google and Apple Rise After-hours on Anti-Trust Ruling

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The Toronto Market

The TSX composite index gained 51.17 points or 0.18%, to close the session at 28,615.62. The TSX is the top performer of the North American market indexes that we cover in this report.

                                                                                                                                                       

The Market Breadth: Basic Materials was the top sector as Gold and gold miner stocks dominated the TSX today. Only four of the ten sectors gained. The four were: Basic Materials gained 1.60%, Energy with 0.36% gain, Industrials with 0.11% gain and Financials, which gained 0.05%. Durable Consumer Goods & Services declined -0.32%, Discretionary Consumer Goods & Services declined -0.58%, and Technology declined -0.51%. The bottom performers were Telecommunications Services, which declined -0.68% and Healthcare, which declined -1.15%.

Industry Groups: The top five industry groups in the US markets today were: Textiles & Leather Goods, up 14.17%; Consumer Electronics, up 6.40%; Leisure Products, up 4.16%; Electrical Components & Equipment, up 3.01%; and Utilities – Natural Gas, up 2.44%.

Today’s Market Statistics:  The issues that declined (Decliners) outnumbered those that gained (Advancers). There were roughly two Decliners for every Advancer, or a more exact ratio of 1.84-to-1.0. In real numbers, there were 1,315 Decliners to 715 Advancers while 119 stocks remained Unchanged.

Today, there were 194 new 52-Week Highs and 28 new 52-Week Lows. There were 197 new 52-Week Highs and 27 new 52-Week Lows on Friday.

The total volume of shares traded at the TSX today was 416,017,174, or 5% higher than the volume of 397,100,325 shares traded on Friday.

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The US Market

All three indexes declined today, repeating Friday’s negative performance. Dow Industrial Average index declined -249.07 points or -0.55%, to close the session at 45,295.81. The S&P 500 index declined -44.72 points or -0.69% and closed the session at 6,415.54. The Nasdaq Composite declined -175.92 points or -0.82%, and closed the session at 21,279.63. In small caps, Russell 2000 declined -14.21 or -0.60%, and closed the session at 2352.21.

The Market Breadth:   Healthcare up 0.26% and Energy, up 0.09%, were the only two sectors to gain at the US markets today. Telecommunications Services declined -0.27%, Financials declined -0.70%, Technology declined -0.90% and Utilities, down -1.03%, was the bottom performer.

Industry Groups: The top five industry groups in the US markets today were: Advertising / Marketing, up 2.80%; Retail – Departmental Stores, up 2.57%; Retail – Computers & Electronics, up 2.49%; Biotechnology, up 1.72%, and Precious Metals & Minerals, up1.70%

Today’s Market Statistics

At the NYSE, the issues that declined (Decliners) outnumbered the issues that gained (Advancers). There were roughly two Decliners for every Advancer, or a more exact ratio of 2.35-to-1.0. In actual numbers, there were 3,024 Decliners to 1,285 Advancers with 250 Unchanged.

Today, there were 176 new 52-Week Highs and 53 new 52-Week Lows. There were 282 new 52-Week Highs and 33 new 52-Week Lows on Friday.

The total volume of stocks traded today at the NYSE was 4,848,564,564, 13% higher than the total volume of 4,292,374,172 shares traded on Friday.

On the NASDAQ, the Decliners outnumbered the Advancers. There were two Decliners for every Advancer, or an exact ratio of 2.00-to-1.0. In actual numbers, there were 3,099 Decliners to 1,555 Advancers with 238 Unchanged.

Today, there were 105 new 52-Week Highs and 118 new 52-Week Lows. There were 129 new 52-Week Highs and 74 new 52-Week Lows on Friday.

The total volume of shares traded at the NASDAQ today was 8,368,764,562, or 5% higher than the total volume of 7,961,099,210 shares traded on Friday.

Market Roundup Report

Gold and gold miner stocks were the top gainers today. However, Gold and several gold miners’ stocks are either extended or close to being extended in price and as such, some caution is required chasing gold price into the “stratosphere”. NVIDIA was down sharply today. The stock closed below the 50-day moving average today. Obviously, it is not the time to start purchasing loads of NVIDIA shares. The stock will eventually turn around and start to climb again. The question a seasoned trader would ask is, when will that be?

After-hours action: Stock Futures were up Tuesday, partly energized by the relatively lenient Google and Apple antitrust judge ruling late Tuesday. Dow Futures is down -118.00 points or -0.26% vs. fair value. S&P 500 futures is up 9.75 points or 0.15%, and Nasdaq 100 futures is up 77.50 points or 0.32% as of the time (12:30 am ET, Wednesday) of this post update.

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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.

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(c) This article is published by The Canadian Vanguard on September 2, 2025.