Indexes are up as US Federal Government shut down looms
The Canadian Vanguard Stock Market Report – Tuesday, September 30, 2025 Edition
Breaking News:
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The Toronto Market
The TSX Composite Index rose 50.90 points, or 0.17%, closing the session at 30,022.81. The index reached a milestone today. It closed above the 30,000 level for the first time.
Today’s Market Statistics: The issues that gained (Advancers) outnumbered those that declined (Decliners). There were roughly three Advancers for every two Decliners, or a more exact ratio of 1.45-to-1.0. In real numbers, there were 1,189 Advancers to 820 Decliners while 125 stocks remained Unchanged.
Today, there were 224 new 52-Week Highs and 14 new 52-Week Lows. There were 300 new 52-Week Highs and 28 new 52-Week Lows yesterday.
The total volume of shares traded at the TSX today was 442,294,398, or 10% lower than the volume of 492,833,754 shares traded on yesterday.
Market Wrap-Up Report
The TSX Composite Index continues to surge amid strong gold and resource sector performance. The index has delivered outstanding performance over the past few months. On June 2nd, the index closed at 26,389, and as of today, it has climbed to 30,022—an increase of nearly 4,000 points this quarter alone.
This strong upward trend has been building for some time. Back on April 8th, the TSX stood at 22,507, and by May 1st, it had risen to 24,796. It’s been a summer of record-setting gains for the index.
Given current market consensus around short-term interest rates and the broader economic outlook, the TSX appears poised to continue its upward momentum—at least in the near term.
Three weeks ago, we cautioned that gold miner valuations appeared stretched. However, despite these warnings, there have been no significant pullbacks. Gold continues to dominate market sentiment—until it doesn’t.
Notably, four of the top six performing TSX stocks today were gold miners. The gold and broader resource sectors have been major drivers behind the TSX’s strength this year. Investors may want to keep an eye on key names in the space, including, at the small caps level, Centerra Gold Inc. (TSX:CG) and NovaGold Resources Inc. (TSX:NG). Agnico Eagle Mines (TSX:AEM) and Franco Nevada (TSX:FNV) are two stocks, a bit pricier, but are worth keeping an eye on, in the gold miner industry.
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The US Markets
All three major indexes posted gains for a second consecutive session, reflecting strong investor optimism. The Dow Jones Industrial Average rose 81.82 points, or 0.18%, to close the session at 46,397.89. The S&P 500 index added 27.25 points or 0.41%, ending the session at 6,688.46. The Nasdaq Composite rose 68.86 points or 0.30%, to finish at 22,660.01. The Russell 2000, which tracks small-cap stocks, eked out a modest gain of 1.24 points, or 0.05%, closing at 2436.48.
Today’s Market Statistics: At the NYSE, the issues that gained (Advancers) outnumbered the issues that declined (Decliners). There were six Advancers for every five Decliners, or a more exact ratio of 1.27-to-1.0. In actual numbers, there were 2,386 Advancers to 1,881 Decliners with 385 Unchanged.
Today, there were 352 new 52-Week Highs and 87 new 52-Week Lows. There were 337 new 52-Week Highs and 80 new 52-Week Lows yesterday.
The total volume of stocks traded today at the NYSE was 6,175,285,323, or 13% higher than the total volume of 5,464,054,952 shares traded on yesterday.
On the NASDAQ, the Decliners narrowly edged out the Advancers. There was one Decliner for every Advancer, or an exact ratio of 1.01-to-1.0. In actual numbers, there were 2,367 Decliners to 2,324 Advancers with 261 Unchanged.
Today, there were 199 new 52-Week Highs and 115 new 52-Week Lows. There were 219 new 52-Week Highs and 99 new 52-Week Lows yesterday.
The total volume of shares traded at the NASDAQ today was 9,183,203,344, or 2% lower than the total volume of 9,382,691,652 shares traded on yesterday.
Market Roundup Report
Small caps were losers again today as Russell 2000 was up a mere one and a quarter point. Healthcare, up a robust 2.25%, was the top sector in the US markets today. Energy, down -0.93%, was the laggard. Technology was up 0.35% and Financials was down-0.47%.
Oil Price: The US Oil price is at $62.77 per barrel, as of the time (11:30 pm ET, Tuesday) of this post update.
10 –year Treasury Yield: The 10-year yield was at 4.152%, as of the time (11:30 pm ET, Tuesday) of this post update.
Gold and Silver prices rose and were near record highs on Tuesday evening on fears of a government shutdown. Gold was up 1.09% at $3,916.50 while Silver price was up 2.08% to $47.61 per ounce as of the time of this post update.
Bitcoin (BTC-USD) is at $114,563.73, up $305.77 or 0.77% as of the time (12:30 am ET, Wednesday) of this post update.
After-hours action: Stock Futures are lower Tuesday evening as the government shutdown looms. Dow Futures is down -321.00 points or -0.69% vs. fair value. S&P 500 futures is down -53.50 points or -0.81% at 6684.50, and Nasdaq 100 futures is down -242.50 points or -0.97% 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 data for these reports.
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(c) This article is published by The Canadian Vanguard on September 30, 2025.
