Markets rise as economic momentum fuels rally

The Canadian Vanguard Stock Market Report – Thursday, July 10, 2025 Edition

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The Toronto Market

The TSX composite index gained 109.98 points or 0.41%, to close the session at 27,082.30. TSX is back gaining mode now with consecutive sessions of market gains.

                                                                                                                                   

The Market Breadth:  Healthcare, up 0.68%, was the top sector today. Financials was up 0.65%; Industrials gained 0.63%; Utilities gained 0.59%; Telecommunications Services gained 0.54%; and Technology gained 0.40%. Energy gained 0.36%; Basic Materials gained 0.34%; and Discretionary Consumer Goods & Services, a good indicator of retail stocks’ performance, gained a paltry 0.07%. Of course, and even more important when it comes to stock market investing, a gain is a gain, even if paltry. Durable Consumer Goods & Services declined -0.69% bringing up the rear and was the only sector to decline.

Industry Groups:  The top five industry groups in the TSX today were: Auto & Truck Manufacturers, up 11.32%; Paper Products, up 6.01%; Beverages – Non Alcoholic, up 4.65%; Publishing, up 4.51%; and Pharmaceuticals – Generic & Specialty, up 4.13%.

Today’s Market Statistics: Today, the issues that gained (Advancers) outnumbered those that declined (Decliners). There were about three Advancers for every two Decliners, or a more exact ratio of 1.60-to-1.0. In real numbers, there were 1,148 Advancers to 714 Decliners while 173 stocks remained Unchanged.

Today, there were 246 new 52-Week Highs and 10 new 52-Week Lows. There were 211 new 52-Week Highs and 9 new 52-Week Lows yesterday.

The total volume of shares traded at the TSX today was 423,889,598, or 12%, roughly one- tenth, more than the volume of 378,780,336 shares traded yesterday.

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The US Markets

All three major indexes gained today, making it two consecutive sessions of gains. The Dow Jones Average index gained 192.34 points or 0.43%, to close the session at 44,650.64. The S&P 500 index gained 17.20 points or 0.27% to close at 6,280.46. The Nasdaq Composite gained 19.33 points or 0.09%, to close the session at 20,630.66. In small caps, Russell 2000 ended the session at 2263.41, having gained 10.92 points or 0.48%.

The Market Breadth:  Eight of the major sectors gained today, with Basic Materials, up 1.1%, leading the sectors. Discretionary Consumer Goods & Services gained 0.82%. Healthcare gained 0.70%, Energy gained 0.64%, and Utilities gained 0.63%. Financials gained 0.61%, and Durable Consumer Goods & Services gained 0.14%. Technology, down -0.38% and Telecommunications Services, down -1.02%, were the bottom performers today.

Industry Groups:  The top five industry groups in the US markets today were: Airlines, up 8.21%; Rails & Roads – Passengers, up 7.68%; Auto & Truck Manufacturers, up 3.20%; Marine Port Services, up 3.13%; and Mining & Metals – Specialty, up 3.03%.

Today’s Market Statistics 

At the NYSE, the issues that gained (Advancers) outnumbered the issues that declined (Decliners). There were eleven Advancers for every five Decliners, slightly more than doubled, or an exact ratio of 2.23-to-1.0. In actual numbers, there were 2,819 Advancers to 1,262 Decliners with 284 Unchanged.

Today, there were 374 new 52-Week Highs and 36 new 52-Week Lows. There were 280 new 52-Week Highs and 39 new 52-Week Lows yesterday.

The total volume of stocks traded today at the NYSE was 5,462,042,255, or about 11% more than the total volume of 4,902,915,948 shares traded yesterday.

On the NASDAQ, the Advancers outnumbered the Decliners. There were roughly three Advancers for every two Decliners, or an exact ratio of 1.39-to-1.0. In actual numbers, there were 2,602 Advancers to 1,886 Decliners with 311 Unchanged.

Today, there were 202 new 52-Week Highs and 47 new 52-Week Lows. There were 172 new 52-Week Highs and 58 new 52-Week Lows yesterday.

The total volume of shares traded at the NASDAQ today was 10,122,902,280, or 1.5% less than the total volume of 10,272,730,825 shares traded yesterday. The volumes of shares traded on the NASDAQ both today and yesterday have been above the 50-day daily average.

Market Roundup Report

All the major indexes gained today, but futures were down in the after-hours market following Trump’s announcement of new tariffs on Canada. Tariffs create uncertainties in the market, so things are already looking dicey ahead of tomorrow’s market session. The volume of shares was above the 50-day average on the NASDAQ both today and yesterday. Indexes gained on both days.  That is positive for the market.

Oil Price:     US oil prices were mostly steady today. US Oil price was at $66.85 per barrel as of the time (11:30 pm ET, Wednesday) of this post update.

10 –year Treasury Yield:   The 10-year Treasury was little changed today as all indications point to a strong economy. The 10-year yield was at 4.38%, as of the time (11:30 am ET, Thursday) of this post update.

After-hours action:  Futures were mainly down this evening after Trump’s announce a new 35% tariff on top of existing sectoral tariffs on Canadian goods entering the US. Dow Futures is down -130.00 points or -0.30% vs. fair value. S&P 500 futures is down -15.75 or -0.25%, and Nasdaq 100 futures is down -46.75 points or -0.20% as of the time (11:30 pm ET, Thursday) of this post update. The new tariffs come into effect starting August 1.

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Stocks In The News /Stocks To Watch – QUIZ #1

Our edition, this past weekend, featured a table of stocks from our Beginner’s Watchlist, but which had returned better than average during Q2 – April to June, this year.

TD Bank  (TSX:TD) was the top performer within the watchlist, returning better than 27% in three months. Dollarama (TSX:DOL) was not too far behind, returning better than 26% during the same period. Your bank will offer you less than 6% for your GIC purchase, but for a good reason. The “G” in GIC stands for Guaranteed. Your money is secure. You can make much better returns investing in the stock markets, but you have to pay very good attention to the “M” and “R” in “STOCK MARKETS”.  Those two letters stand for “Manage the Risks”.  The good news is that you can easily learn to manage the risks along with other required skills.

.    The Quiz: Name two stocks featured or mentioned in The Canadian Vanguard Stock Market Report during Q2 this year but that doubled in price, yes doubled in price, during Q2’2025 or April to June 2025.

Send your answer to the quiz to us via  Canadian Vanguard Quiz .

.     Deadline: We shall announce the first three participants with the correct answers in the The Canadian Vanguard weekend edition of July 25.

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Regular Market Day Features

The  Canadian Vanguard Beginner Investor’s Watchlist

The Financials are on a roll for now. The Canadian big six banks are surely stocks to watch at least in the short term. BMO, up 1.2%, was the top performer of the big banks today. CIBC, up 0.78%, followed.

The Blended Growth Stock Watchlist

EV Manufacturers and Resource Stocks

Tesla was up by more than 4% today.

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.