Indexes faded most of the day but closed higher
The Canadian Vanguard Stock Market Report – Wednesday, September 3, 2025 Edition
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The Toronto Market
The TSX composite index gained 135.74 points or 0.47%, to close the session at 28,751.36. The index has now gained in the last six consecutive market sessions. The TSX index is on a roll.
The Market Breadth: Basic Materials, with a gain of 1.03%, was the top sector today, repeating yesterday’s performance, even though gold price remains extended. Seven of the major sectors gained. Telecommunications Services and Technology gained 0.66% each. Financials gained 0.57%, Durable Consumer Goods & Services gained 0.62%, and Discretionary Consumer Goods & Services gained 0.42%. Utilities declined -0.14%, Energy declined -0.27% and Healthcare declined 0.90%.
Industry Groups: The top five industry groups in the US markets today were: Electrical Components & Equipment, up 5.62%; Beverages – Non Alcoholic, up 4.88%; Insurance – Multiline, up 3.07%; Chemicals – Specialty, up 3.00%; and Oil & Gas Refining & Marketing, up 2.21%.
Today’s Market Statistics: The issues that declined (Decliners) outnumbered those that gained (Advancers). There were two Advancers for every Decliner, or a more exact ratio of 2.05-to-1.0. In real numbers, there were 1,321 Advancers to 644 Decliners while 135 stocks remained Unchanged. The market trend remains bullish.
Today, there were 250 new 52-Week Highs and 23 new 52-Week Lows. There were 194 new 52-Week Highs and 28 new 52-Week Lows yesterday.
The total volume of shares traded at the TSX today was 406,899,949, or 2% lower than the volume of 416,017,174 shares traded yesterday.
Market Roundup Report
The big Canadian six banks are either closing at record highs or hitting new 52-Week highs. CIBC, Bank of Montreal (TSX: BMO) and The Bank of Nova Scotia (TSX: BNS) are hitting 52-Week Highs today.
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The US Markets
Today was a mixed market session as Dow Jones finished slightly in the red. Dow Industrial Average index declined -24.58 points or -0.05%, to close the session at 45,271.23. The S&P 500 index gained 32.72 points or 0.51% and closed the session at 6,448.26. The Nasdaq Composite gained 218.10 points or 1.02%, and closed the session at 21,497.73. In small caps, Russell 2000 declined -2.24 or -0.10%, and closed the session at 2349.97.
The Market Breadth: Technology, up 1.31%, Discretionary Consumer Goods & Services gained 0.42%, up 0.29% and Basic Materials, up 0.04% were the only three of the major sectors which gained today. Healthcare declined -0.06%, Financials declined -0.16% and Industrials declined -0.27%. Telecommunications Services and Energy were the bottom performers, declining -0.55% and a steep -1.85% respectively.
Industry Groups: The top five industry groups in the US markets today were: Communications Equipment, up 3.19%; Retail – Departmental Stores, up 3.07%; IT Services & Consulting, up 2.46%; Computer Hardware, up 1.64%; and Mining & Metals – Specialty, up 1.56%.
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 1.32-to-1.0. In actual numbers, there were 2,384 Decliners to 1,797 Advancers with 340 Unchanged.
Today, there were 224 new 52-Week Highs and 45 new 52-Week Lows. There were 176 new 52-Week Highs and 53 new 52-Week Lows yesterday.
The total volume of stocks traded today at the NYSE was 4,575,043,686, 6% lower than the total volume of 4,848,564,564 shares traded yesterday.
On the NASDAQ, the Decliners narrowly edged out the Advancers. There was one Decliner for every Advancer, or an exact ratio of 1.03-to-1.0. In actual numbers, there were 2,337 Decliners to 2,260 Advancers with 276 Unchanged.
Today, there were 128 new 52-Week Highs and 117 new 52-Week Lows. There were 105 new 52-Week Highs and 118 new 52-Week Lows yesterday.
The total volume of shares traded at the NASDAQ today was 7,667,030,933, or 8% lower than the total volume of 8,368,764,562 shares traded yesterday.
Market Roundup Report
Google vaulted 9.14% today. The market was impressed that the judgement delivered late yesterday did not get too punitive for the company. The company does not have to part with the browser business, for example. Apple stock also benefitted from the “lack of severe penalty” in Tuesday’s judgement. AAPL stock gained 3.81% today. NASDAQ was up 1.02% today, even though NVIDIA declined. Google and Apple stocks contributed to NASDAQ’s top performance today.
Typically, in recent times, NASDAQ would be down whenever NVIDIA was down. However, there was a decoupling between the two today, thanks to GOOGL and AAPL stocks.
Oil Price: U.S. crude oil price fell to $63.97 a barrel earlier today. Reports had it that OPEC is considering increasing output. US Oil price was at $63.50 per barrel, as of the time (11:30 pm ET, Wednesday) of this post update.
10 –year Treasury Yield: The 10-year Treasury yield fell six basis points to 4.21% earlier today. The 10-year yield was at 4.217%, as of the time (11:30 pm ET, Wednesday) of this post update.
Bitcoin (BTC-USD) is at $110,706.00, down -1.19% as of the time (12:30 am ET, Thursday) of this post update.
After-hours action: Stock Futures are little changed this evening. The market is still savoring the judgement delivered late yesterday. Dow Futures is down -15.00 points or -0.03% vs. fair value. S&P 500 futures is up 6.75 points or 0.10%, and Nasdaq 100 futures is up 27.50 points or 0.12% as of the time (11:30 pm ET, Wednesday) of this post update.
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Stock In The News /Stock To Watch
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The Toronto Markets
Gold miner stocks faded later in the session, today. However, the big banks filled the void so created. Bank of Montreal (BMO) and Bank of Nova Scotia (BNS) hit 52-Week Highs today. Canadian Imperial Bank of Commerce, CIBC (TSX:CM) was not far behind. The big banks would not ordinarily qualify as growth stocks, however, since the earnings report last week, some of the banks have been mimicking growth stocks, without the risk, of course. The banks pay dividends and most likely will always pay dividends. BMO gained 1.84% or $2.75, closed at $170.49 with 1.&M shares traded. CIBC gained 1.62% or $1.72, closed at $108.19 with 2.6M shares traded.
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The US Markets
Apple Inc. (AAPL) was a big mover today. AAPL stock was up with good volume support. GOOGL and APPL stocks benefited from a less severe judgement penalty than some market analysts had predicted. The market in response to the judgement rewarded GOOGL stock with a 9% gain. There has been a rotation away from technology for about a couple of weeks now, but with the performance today, there is likely some move back to technology, even if not a full rotation into the sector. Apple action today may actually qualify as a breakout with a $235.00 buy point. Another stock to possibly consider for your watchlist is Futu Holdings ADR. (FUTU). Watch out for the related analysis in this weekend’s edition of the Stock Market report.
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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 3, 2025.
