The Canadian Vanguard Stock Market Report – Weekend, November 7 – 9, 2025 Edition

Stock Futures Rise as U.S. Senate Moves Toward Funding Deal to Avert Government Shutdown

.  The Stock Market Report is updated regularly during the weekend

The Toronto Market – Friday, November 7, 2025

The S&P/TSX Composite was up 43.60 points, or 0.15%, to close the session at 29,912.19. The index was deep in the red for most of the session but rose in the last quarter hour of trade to climb up and eke out a gain.

                                                                                                                                                              

Today’s Market Statistics

On Friday, declining issues outnumbered advancing issues on the TSX by roughly five to four. Specifically, there were 1,146 decliners and 905 advancers, resulting in a decliner-to-advancer ratio of 1.26 to 1, with 136 issues unchanged.

The exchange recorded 54 new 52-week highs and 53 new 52-week lows, compared with 65 new highs and 44 new lows on Thursday.

Total trading volume rose 13% from the previous session, reaching 478,672,136 shares, up from 423,625,701 shares on Thursday.

Market Wrap-Up Report

The TSX closed higher on Friday, recovering late in the session after spending most of the day in negative territory. The index turned positive during the final quarter hour of trading, supported by a broad mix of top-performing stocks across various sectors.

Technology, down nearly 2%, and Industrials were the day’s weakest sectors, repeating their lagging performance from Thursday. On the upside, Basic Materials advanced 1.44%, while Utilities gained 0.83%, ranking as the two best-performing sectors, respectively. Financials and Healthcare also ended the session in the red. Although declining issues outnumbered advancers, the difference was relatively modest.

Among notable movers, Atco Ltd. (TSX:ACO.X) gained 2.97% or $1.59, closing at $55.18. Within the Financials sector, Intact Financial Corp. (TSX:IFC) remains a stock to watch despite the sector’s slight pullback.

     

In the Utilities group, Canadian Utilities Ltd. (TSX:CU) and AltaGas Ltd. (TSX:ALA) are worth monitoring in the short term—or even adding to watchlists. AltaGas Ltd. drew investor attention after announcing the closing of a $460 million equity financing, accompanied by positive credit rating updates on Friday.

     

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The US Markets – Friday, November 7, 2025

U.S. equity markets ended Friday’s session mixed, with modest gains in the Dow Jones Industrial Average and S&P 500, while the Nasdaq Composite edged lower.

The Dow Jones Industrial Average rose 74.80 points (or 0.16%) to close at 46,987.10. The S&P 500 added 8.48 points (or 0.13%) to finish at 6,728.80, while the Nasdaq Composite slipped 49.46 points (or -0.21%) to 23,004.54.

The Russell 2000 index of small-cap stocks advanced 14.00 points (or 0.58%) to close at 2,432.82. Despite Friday’s rebound, small caps—like the broader market—had a challenging week overall, ending down 1.9% for the period.

       

Market Statistics

New York Stock Exchange (NYSE): Advancing issues outnumbered declining issues by roughly three to two on Friday. Specifically, there were 1,686 advancers and 1,083 decliners, producing an advancer-to-decliner ratio of 1.55 to 1, with 72 issues unchanged.

The exchange recorded 73 new 52-week highs and 125 new 52-week lows, compared with 141 new highs and 206 new lows in the previous session.

Total trading volume on the NYSE reached 5,999,631,485 shares, about 3% lower than 6,180,206,392 shares traded on Thursday.

NASDAQ: At the NASDAQ, advancing stocks also outpaced decliners by roughly six to five. There were 2,560 advancers and 2,187 decliners, yielding an advancer-to-decliner ratio of 1.17 to 1, with 171 issues unchanged.

The exchange posted 113 new 52-week highs and 307 new 52-week lows, unchanged from Thursday’s figures.

Total trading volume on the NASDAQ was 10,404,079,036 shares, down 10% from 11,560,603,902 shares traded in the previous session.

Market Wrap-Up Report

U.S. markets saw two days of heavy sell-offs during the week but managed to end Friday on a firmer note. Both the Dow Jones Industrial Average and the S&P 500 closed in positive territory, while the Russell 2000—representing small-cap stocks—fell 1.9% for the week, slipping below its 50-day moving average. The index rebounded sharply on Friday after touching its lowest level in nearly two months, reversing higher by the close.

Leading stocks were hit hard early in the session but many recovered to finish well off their lows. Several stocks that had recently flashed buy signals have since round-tripped earlier gains, triggering potential sell signals.

Indexes broadly rebounded from deep intraday losses, finishing well into positive territory by the close. Technology was the only sector to end lower, down 0.48%, while Energy, Utilities, and Basic Materials led the market higher in that order.

Constellation Energy Corp. (NASDAQ: CEG) slipped 1% after reporting Q3 earnings below estimates, but the stock recovered from earlier declines to close off its lows.

     

Expedia Group (NASDAQ: EXPE) was among the strongest performers after delivering a blowout earnings report Thursday evening. The stock gapped up 17.5% (or $38.55) to close at $258.25, with 7.6 million shares traded.

     

Other notable gainers included Wheaton Precious Metals Corp. (NYSE: WPM) and Willdan Group Inc. (NASDAQ: WLDN), both of which released their third-quarter earnings late Thursday. The Royal Bank of Canada reiterated a “Sector Perform” rating and a US$115 price target on WPM shares.

Willdan Group Inc. (WLDN) posted Q3 adjusted EPS of $1.21, beating the average estimate of $0.84. The stock gained 6.65% (or $5.67) to close at $90.94, with 658,000 shares traded on Friday.

Weekly Outlook

Investors will be closely watching inflation data, including the Consumer Price Index (CPI) and Producer Price Index (PPI) reports due next week, for signs of cooling price pressures that could influence the Federal Reserve’s rate outlook.

Earnings season continues to wind down, but results from several key retail and technology names are expected to provide further insight into consumer spending trends and corporate margin pressures heading into the final quarter of the year.

Markets will also keep an eye on bond yield movements and oil prices, both of which have contributed to recent volatility. After two weeks of choppy trading, sentiment remains cautiously optimistic, with investors looking for confirmation that the recent pullbacks may have established a short-term floor for equities.

Commodities and Bonds

Oil Price:  US Oil crude oil futures lost 2% last week due to oversupply concerns, and was at $59.75 a barrel on Friday. US Oil price was at $60.33 per barrel, as of the time (11:30 pm EDT, Sunday) of this post update.

Gold price is up $66.90, or 1.65%, at $4,076.00, while silver price is up $1.32, or 2.74%, at $49.48 per ounce as of the time of this post update.

Bitcoin (BTC-USD) is at $106,133.00, up 1.54% as of the time of this post update.

10 –year Treasury Yield:   The 10-year Treasury yield declined one basis point  on Friday to 4.09%. The 10-year yield is at 4.137%, as of the time (11:30 pm EDT, Sunday) of this post update.

After-hours action: The US Senate appears on track Sunday evening to later pass the funding deal that could end government shutdown. Stock Futures rose Sunday evening on the prospects. Dow Futures is up 113.00 points or 0.24% vs. fair value. S&P 500 futures is up 50.75 points or 0.76% at 6,804.75 and Nasdaq 100 futures is up 322.00 points or 1.28% at 25,485.75 as of the time (11:30pm EDT, Sunday) of this post update.

Note: The markets’ performance during the regular market session often bear little or no semblance to the futures readings the previous evening. Please use as data applicable at the time of capture only.

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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.

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(c) This article is published by The Canadian Vanguard on November 9, 2025.