The Canadian Vanguard Stock Market Report – Weekend May 9 – 11, 2025 Edition

Top US official reports “Substantial Progress” at US – China Trade Talks as the Talks concluded in Europe Sunday evening

.  Check in for regular updates throughout the weekend

The Toronto Market, Friday, May 9

The TSX composite index was up 103.68 points or 0.41%, to close the session at 25,357.06. The TSX is up three consecutive sessions, and with a total volume of shares during the sessions is almost constant.

                                                                                                                                           

The Market Breadth

Only four sectors gained at the Friday’s market session. Telecommunications Services, gapped up 3.35% to lead the sectors. Basic Materials was up 2.66%; Energy was up 1.03%; and Healthcare was up 0.17%. Industrials and Financials, down -0.01% and -0.03% respectively, narrowly missed ending the session with a gain. Durable Consumer Goods & Services was down -0.44% and Discretionary Consumer Goods & Services was down -0.85%.   Technology, down -1.59%, was the laggard on Friday. Celestica Inc. Shopify Inc. down -2.22% contributed to the poor showing by Technology sector on Friday.

For The Week: Basic Materials, up 6.05%, was the top sector this week. Telecommunications Services, the top sector last week, was up 5.34% this week.  Discretionary Consumer Goods & Services was up 2.05% this week; Industrials was up 1.50%; Energy was up 1.41% and Financials gained 0.80% for the week. Utilities, down -0.35%; Discretionary Consumer Goods & Services, down -0.87%; Technology, down -1.76%; and Healthcare, down -3.84%; were the week’s bottom performers.

Industry Groups:  The top five industry groups in the TSX today were: Airlines, up 8.15%; Construction Materials, up 6.80%; Integrated Telecommunications Services, up 4.18%; Tires & Rubber Products, up 3.74%; and Paper Products, up 3.42%.

Today’s Statistics

Today, the issues that gained (Advancers) outnumbered those that declined (Decliners). There were roughly two Advancers for every Decliner, or a more exact ratio of 2.13-to-1.0. In real numbers, there were 1,246 Advancers to 584 Decliners while 163 stocks remained Unchanged.

Today, there were 69 new 52-Week Highs and 7 new 52-Week Lows. There were 77 new 52-Week Highs and 10 new 52-Week Lows yesterday.

The total volume of shares traded at the TSX today was 400,617,366, or about 2% less than the volume of 407,969,762 shares traded yesterday.

Market Roundup Report – Thumbs Up to TSX

The TSX has been outstanding since mid-April. The index was down 2,800 points during the first week of April as a result of market turbulence driven by tariff uncertainties. The TSX closed 22,507 on April 8. The index then embarked on a steady climb and on Friday closed at 25,357.74, essentially wiping out the loss recorded during the first week of April. Thumbs Up to the TSX composite  index and some credit to the gold miner stocks for contributing to that success.

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The US Markets, Friday, May 9

The Dow Jones Average index declined -119.07 points or 0.29% to close at 41,249.38. The S&P 500 index was down -4.03 points or 0.07% to close at 5,659.91. The Nasdaq Composite squeezed narrowly into positive territory with 0.78 points or 0.00%, to close at 17,928.92. In small caps, Russell 2000 was down slightly, down -3.34 points, or -0.16%, to close at 2023.07.

The Market Breadth

Seven of the major sectors gained at Friday’s market session. Energy, up 1.20%, was the top sector. Basic Materials gained 0.81%; Retail stocks continue to do well. Discretionary Consumer Goods & Services, was  up 0.43%, poor performance on Friday compared to recent market sessions; Telecommunications Services was up 0.32%; and Financials gained 0.24%. Technology, down -0.11%; Durable Consumer Goods & Services down -0.58%; and Healthcare, down -1.09% were the bottom performers on Friday.

For The Week: This was a relatively good week for the retail sector. Discretionary Consumer Goods & Services which gained 1.23% and was the top performing sector this week. The sector had a better performance in terms of percentage gain last week compared to this week. This was a tough week for stocks generally. Technology, up 4.11%, and the top performer last week, was down -0.11% this week. Energy was up 0.77%; Financials was up 0.74%; Basic Materials was up 0.65%; and  Telecommunications Services was up 0.59%. Technology, down -0.13%; Durable Consumer Goods & Services, down -0.94%; and Healthcare, down -4.05%, were this week’s bottom performers. The retail sector continues to do well and has so far carried over that trend, started in April, into the month of May.

Industry Groups:  The top five industry groups at the US markets today were: Rails & Roads – Passengers, up 4.07%; Precious Metals & Minerals, up 3.14%;  Auto & Truck Manufacturers, up 3.10%; Oil & Gas Drilling, up 2.12%; and Textiles & Leather Goods, up 4.64%. You should have read “Precious Metals & Minerals” as “Gold” in today’s list of top industries. Investors took refuge in Gold as the huge tariff rates announced by the Trump administration caused significant market turbulence. The tariff turbulence was such that a number of Gold miner stocks rose and got either extended or close to being extended.

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 Decliner, or an exact ratio of 1.33-to-1.0. In actual numbers, there were 2,316 Advancers to 1,734 Decliners with 299 Unchanged.

Today, there were 84 new 52-Week Highs and 37 new 52-Week Lows. There were 105 new 52-Week Highs and 60 new 52-Week Lows yesterday.

The total volume of stocks traded today at the NYSE was 4,719,648,559, or 18% less than the total volume of 5,742,646,994 shares traded yesterday.

On the NASDAQ, the Decliners narrowly edged out the Advancers. There were roughly two Decliners for every Advancers, or an exact ratio of 1.07-to-1.0. In actual numbers, there were 2,266 Decliners to 2,113 Advancers with 278 Unchanged.

Today, there were 85 new 52-Week Highs and 103 new 52-Week Lows. There were 96 new 52-Week Highs and 105 new 52-Week Lows yesterday.

The total volume of shares traded at the NASDAQ today was 9,108,766,795, or 4% more than the total volume of 8,779,362,024 shares traded yesterday.

Oil Price:     U.S. crude oil futures rose almost 5% to $61.02 a barrel in the late afternoon today.

10 –year Treasury Yield:   The 10-year Treasury yield rose a few basis points to 4.37% today.

After-hours action:  Futures are up Sunday evening. Dow Futures is up 412 points or 1.02% vs. fair value. S&P 500 futures is up 1.33%, and Nasdaq 100 futures was up 1.85% as of the time (8:30pm ET, Sunday) of this post update. Futures are up in reaction to the positive news of “Substantial Progress” being made during the US-China trade negotiations in Switzerland. Specific details about the progress made will be announced tomorrow, Monday, according to reports quoting white house sources.

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Regular Market Day Features

 The Canadian Vanguard Beginner’s Watchlist

The Blended Growth Stock Watchlist

 EV Manufacturers and Resource Stocks

Tesla was up more than 4% on Friday. The stock may be building the right side of a cup with a handle. The pollution-free new energy resource stocks were on a roll on Friday.

NOTICE TO READERS