Dow Jones Index Rallies Strongly Following FOMC Rate Cut Announcement
The Canadian Vanguard Stock Market Report – Wednesday December 10, 2025 Edition
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The Toronto Market
The S&P/TSX Composite Index advanced 246.48 points (0.79%) to close at 31,490.85. The TSX logged its second consecutive gain and remains within the boundaries of the flat base that began six sessions ago. Throughout most of the session, the index oscillated around yesterday’s closing level until US Fed Chairman press conference started after 2pm. The index spiked nearly 300 points in a near-vertical intraday move before giving back roughly 30 points in the final 15 minutes to finish at 31,490.
The performance underscores that the TSX is not insulated from U.S. monetary policy catalysts, with today’s movement reflecting the broader market reaction to the Federal Reserve’s interest rate announcement.
Today’s Toronto Market Statistics
At the TSX, advancing issues outpaced decliners by roughly 2:1, with 1,392 advancers versus 686 decliners, resulting in an advancer-to-decliner ratio of 2.03:1. Another 140 issues were unchanged.
Market breadth strengthened, with 177 new 52-week highs and 20 new 52-week lows, an increase from 114 new highs and 18 new lows recorded yesterday.
Total trading volume reached 457.7 million shares, representing a 7.5% increase from the 425.7 million shares traded in the prior session.
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The US Markets
Major U.S. equity benchmarks closed firmly higher in today’s session. The Dow Jones Industrial Average posted a robust gain of 497.46 points (1.05%), finishing at 48,057.75. The S&P 500 advanced 46.17 points (0.68%) to 6,886.68, while the Nasdaq Composite added 77.67 points (0.33%), ending at 23,654.15.
The Russell 2000 outperformed the broader market once again, jumping 33.36 points (1.32%) to close at 2,559.61, marking its third consecutive session as the top-performing major index. Small-caps and large-caps alike participated in the day’s advance, and the Russell 2000 set a new intraday all-time high before a midday pullback, ultimately retaining enough support to finish positive.
The Dow traded slightly lower early in the session, hovering around yesterday’s closing level, but began a near-vertical ascent as the Federal Reserve Chair’s press conference got underway, mirroring the broader market’s reaction to the Fed’s policy communication.
Today’s U.S. Market Statistics
New York Stock Exchange (NYSE): Market breadth was strongly positive, with 1,991 advancers outpacing 760 decliners and 94 unchanged issues, resulting in an advancer-to-decliner ratio of 2.62:1 — roughly five advancers for every two decliners, a notably bullish profile.
The NYSE reported 180 new 52-week highs and 19 new lows, compared with 209 highs and 56 lows yesterday.
Total trading volume reached 5.69 billion shares, a 23% increase from the 4.61 billion shares traded in the prior session.
NASDAQ: Advancers also led on the NASDAQ, with 3,176 gaining issues versus 1,648 decliners, producing an advancer-to-decliner ratio of 1.93:1. Another 167 issues closed unchanged.
The exchange posted 335 new 52-week highs and 104 new lows, a sharp rise in new highs compared with 159 highs and 107 lows yesterday.
Total NASDAQ volume amounted to 8.29 billion shares, up 12% from 7.39 billion shares in the previous session.
Commodities and Bonds
Crude Oil: Crude oil prices climbed more than 1.1% earlier in the day but later retraced those gains, returning to levels near the prior session’s close. As of 12:30 a.m. EDT (Thursday), WTI crude was trading at $58.11 per barrel.
Precious Metals: Gold rose $15.30 (0.35%) to $4,240.00 per troy ounce, while silver advanced $1.36 (2.22%) to $62.37 per ounce as of the latest update.
Cryptocurrency:
Bitcoin (BTC-USD) traded lower, down $3,100.00 (-3.32%), at $90,243.00 as of 12:30 a.m. EDT.
U.S. Treasury Market:
The 10-year Treasury yield stood at 4.123% at the time of the update, reflecting a relatively stable posture in the bond market.
After-Hours Action:
After-hours sentiment tilted negative, with Oracle Corporation’s weak earnings results weighing on U.S. equity futures. As of 12:30 a.m. EDT (Thursday):
- Dow futures: –189.00 points (–0.39%)
- S&P 500 futures: –55.00 points (–0.80%) to 6,836.75
- Nasdaq 100 futures: –282.50 points (–1.10%) to 25,515.75
Note: After-hours futures activity often diverges significantly from the following day’s regular-session performance; figures should be interpreted as conditions at the moment of capture.
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(c) This article is published by The Canadian Vanguard on December 10, 2025
