Technology stocks roared back sending NASDAQ and S&P 500 indexes to new Highs

The Canadian Vanguard Stock Market Report – Wednesday, October 8, 2025 Edition

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The Toronto Market

The TSX Composite Index advanced 150.27 points, or 0.50%, closing the session at 30,501.99. The TSX was down yesterday, but the index is definitely back into action, erasing about eighty-three percent of the points lost yesterday.

                                                                                                                                                                                               

Today’s Market Statistics:  The issues that gained (Advancers) outnumbered those that declined (Decliners). There were roughly two Advancers for every Decliner, or a more exact ratio of 2.04-to-1.0. In real numbers, there were 1,347 Advancers to 659 Decliners while 184 stocks remained Unchanged.

Today, there were 329 new 52-Week Highs and 26 new 52-Week Lows. There were 271 new 52-Week Highs and 16 new 52-Week Lows yesterday.

The total volume of shares traded at the TSX today was 500,295,323, or 10% higher than the volume of 455,224,146 shares traded yesterday.

Market Wrap-Up Report 

Silver and Copper Miners took the lead on the TSX today, but it was the silver and copper miners, not gold, that led the charge. In a rare shift, the leadership on the TSX was firmly in the hands of non-gold resource stocks today.

Celestica Inc. (TSX:CLS), which rose 7.8% ($23.73), and MDA Space Ltd. (TSX:MDA), up 7.01% ($2.46), were the only two non-mining companies among the top 20 gainers on the TSX today. While the TSX is traditionally resource-heavy, today’s performance highlighted a transition in momentum from gold miners, who have led much of the year, to silver and copper plays.

Interestingly, this shift came just one day after gold prices hit a historic milestone, topping $4,000.00 per ounce for the first time.

Among the top-performing mining and resource stocks, selected for possible additions to your watchlist,  were:

• First Majestic Silver Corp. (TSX:AG): up 11.30% ($2.00), with 3.9 million shares traded.

 

• ERO Copper Corp. (TSX:ERO): up 7.24%, closing at $32.73, with 408,000 shares traded.
• Endeavour Silver Corp. (TSX:EDR): up 6.75% ($0.73), closing at $11.54, with 2.8 million shares traded.

Today’s market action signals renewed investor interest in silver and copper amid evolving commodity trends.

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The US Market

The Dow Jones Industrial Average declined a mere -1.20 points, or -0.00%, to close the session at 46,601.78. The S&P 500 index advanced 39.13 points or 0.58%, ending the session at 6,753.72. The Nasdaq Composite vaulted 255.02 points or 1.12%, to close at 23,043.38. The Russell 2000 index advanced 25.57 points, or 1.04%, closing at 2483.99. Russell 2000 put up a strong performance today and made up for the loss suffered by the index yesterday.  The Dow rose about 200 points at midday but then declined from then on to the closing minute.

Caterpillar Inc., up 3.17%; Nvidia Corp (NVDA), up 2.2%; Cisco Systems Inc. (CSCO), up 1.95%; Unitedhealth Group Inc. (UNH), up 1.72%; and Boeing Co (BA), up 1.58% were the top five stocks in the Dow Index today.

Today’s Market Statistics  

At the NYSE, the issues that gained (Advancers) outnumbered the issues that declined (Decliners). There were roughly two Advancers for every Decliners, or a more exact ratio of 1.93-to-1.0. In actual numbers, there were 2,675 Advancers to 1,536 Decliners with 362 Unchanged.

Today, there were 469 new 52-Week Highs and 70 new 52-Week Lows. There were 350 new 52-Week Highs and 75 new 52-Week Lows yesterday.

The total volume of stocks traded today at the NYSE was, or xx% lower than the total volume of 5,625,945,670 shares traded yesterday.

On the NASDAQ, the Advancers outnumbered the Decliners. There were two Advancers for every Decliner, or an exact ratio of 2.05-to-1.0. In actual numbers, there were 3,076 Advancers to 1,661 Decliners with 244 Unchanged.

Today, there were 341 new 52-Week Highs and 89 new 52-Week Lows. There were 268 new 52-Week Highs and 95 new 52-Week Lows yesterday.

The total volume of shares traded at the NASDAQ today was, or about the same as the total volume of 10,803,948,486 shares traded yesterday.

Market Roundup Report  

There are really only two major asset categories driving the markets these days: Gold and AI. Today AI technology and infrastructure service providers dominate the market. Gold dominated the markets, AI service providers ruled the day.

The indexes roared back today in an AI-fueled rally. The rally Powered NASDAQ and S&P 500 to new Highs. Today’s rally was driven largely by AI technology service providers. While talk of a potential AI bubble continues to circulate, the market action suggests otherwise—AI is not only here to stay, but it’s increasingly being adopted across virtually every industry.

It’s safe to say: it’s AI’s time. For businesses and industries, the imperative now is to engage with the technology, adapt, and integrate it into operations.

Nvidia Corp. (NASDAQ: NVDA) once again led the charge, continuing to benefit from sustained interest in AI infrastructure. However, gains were not limited to Nvidia alone. Other key players in the AI ecosystem also posted strong performances:

• Super Micro Computer Inc. (NASDAQ: SMCI): Known for producing high-performance server racks based on Nvidia chips.
• Broadcom Inc. (NASDAQ: AVGO): A major semiconductor and infrastructure competitor to Nvidia.
• Advanced Micro Devices (NASDAQ: AMD): Nvidia’s primary GPU rival, AMD surged 11% today, building on a 7% gain and a 23% rally in the previous two trading sessions.

AMD is currently demonstrating significant momentum. Despite the sharp gains over the past three sessions, the stock doesn’t yet appear overextended, making it one to watch closely in the days ahead.

After-hours action: Stock Futures are only slightly changed on Wednesday evening.

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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 October 8, 2025.