The Canadian Vanguard Stock Market Report – Weekend, Sept 12 – 14, 2025 Edition
NASDAQ closed at record High ahead of possible interest rate cut
. (The Stock Market Report is updated regularly during the weekend)
The Toronto Market
The TSX composite index declined -124.07 points or -0.42%, to close the session at 29,283.82.
The Market Breadth: Markets closed broadly lower on Friday, with only two sectors finishing in positive territory. Utilities led the gains with a modest rise of +0.57%, followed by Energy at +0.19%. The rest of the market saw widespread weakness. Telecommunications Services slipped -0.13%, Basic Materials declined -0.36%, and Financials fell -0.42%. Consumer-related sectors were under pressure, with Consumer Discretionary down -0.81% and Durable Consumer Goods & Services off -0.82%. Technology was the session’s biggest laggard, losing -0.93%, reflecting broad risk-off sentiment across growth stocks..
Industry Groups: The top five industry groups in the US markets today were: Beverages – Non Alcoholic, up 15.35%; Aluminum, up 10.34%; Coal, up 5.39%; Computer Hardware, up 3.62%; and Fishing & Farming, up 2.64%.
Today’s Market Statistics
The issues that declined (Decliners) outnumbered those that gained (Advancers). There was one Decliner for every Advancer, or a more exact ratio of 1.08-to-1.0. In real numbers, there were 1,003 Decliners and 928 Advancers while 172 stocks remained Unchanged.
Today, there were 396 new 52-Week Highs and 18 new 52-Week Lows. There were 531 new 52-Week Highs and 24 new 52-Week Lows on Thursday.
The total volume of shares traded at the TSX today was 372,090,178, 12% lower than the volume of 423,201,033 shares traded on Thursday.
Market Roundup Report
Markets closed in negative territory today, with the TSX Composite Index down 0.42%. Despite the decline, the TSX continues to be the top-performing index among its peers. Investor sentiment leaned risk-averse, with Technology leading the declines, while Utilities emerged as the top-performing sector.
It’s important to remember that one day of data is not sufficient to signal a shift in market sentiment. At this point, there’s limited evidence to suggest a meaningful change in the market’s overall tone.
What is noteworthy and encouraging, however, is the growing diversity among the market’s top performers. Throughout the week, the list of top 20 gainers has not been dominated solely by miners. Instead, it has frequently included names from Energy, Financials, Construction, and other sectors—a sign of broader market participation.
Overall, this sectoral breadth is a healthy sign and reinforces the view that it’s a good time to remain fully invested.
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The US Markets
NASDAQ was the top gainer in a mixed market on Friday. Dow Industrial Average index declined -273.78 points or -0.59%, to close the session at 45,834.22. The S&P 500 index declined just -3.18 points or -0.05% and closed the session at 6,584.29. The Nasdaq Composite gained 98.03 points or 0.44%, and closed the session at 22,141.10. In small caps, Russell 2000 declined -24.47 points or -1.01%, and closed the session at 2397.06.
The Market Breadth: Utilities, up 0.30%, Durable Consumer Goods & Services, up 0.19%, and Technology, up 0.15% were the only three sectors which gained on Friday. Telecommunications Services was down a mere -0.02%, barely missing closing positive. Financials declined -0.33%, Durable Consumer Goods & Services declined -0.39% and Energy declined -0.58%. Basic Materials declined -0.75%. and Healthcare, the session’s laggard, declined -1.20%.
Industry Groups: The top five industry groups in the US markets today were: Auto & Truck Manufacturers, up 4.72%; Aluminum, up 2.60%; Chemicals – Agricultural, up 0.89%; Communications Equipment, up 0.79%; and Food Distribution & Convenience Stores, up 0.73%.
Today’s Market Statistics
At the NYSE, the issues that declined (Decliners) outnumbered the issues that gained (Advancers). There were three Decliners for every two Advancers, or a more exact ratio of 1.59-to-1.0. In actual numbers, there were 2,564 Decliners to 1,610 Advancers with 397 Unchanged.
Today, there were 461 new 52-Week Highs and 61 new 52-Week Lows. There were 845 new 52-Week Highs and 62 new 52-Week Lows on Friday.
The total volume of stocks traded today at the NYSE was 4,723,058,019, 14% lower than the total volume of 5,492,199,794 shares traded on Friday.
On the NASDAQ, the Decliners outnumbered the Advancers. There were three Decliners for every Advancer, or an exact ratio of 2.96-to-1.0. In actual numbers, there were 2,980 Decliners to 1,685 Advancers with 160 Unchanged.
Today, there were 282 new 52-Week Highs and 58 new 52-Week Lows. There were 470 new 52-Week Highs and 60 new 52-Week Lows on Friday.
The total volume of shares traded at the NASDAQ today was 9,283,374,462, or 11% lower than the total volume of 10,416,665,092 shares traded on Friday.
Market Roundup Report
Despite a pullback in the major indexes on Friday, the current rally appears poised to strengthen further. Notably, the total volume of shares traded declined, suggesting that Thursday’s buying was driven by conviction, while Friday’s dip lacked strong selling pressure.
The NASDAQ reached a new all-time high, while other major indexes remain within close range of record territory. The Dow Jones Industrial Average comfortably crossed the 46,000 mark on Thursday, before giving back some ground today.
This pattern of low-volume pullbacks following strong gains is often seen as healthy consolidation—not a sign of fading momentum.
Market Moving Event This Week
The next major market-moving event this week is expected to be the Federal Reserve meeting. The meeting typically begins on Tuesday, with the Fed Chair’s press conference usually scheduled for 2:00 PM on Wednesday.
Market expectations are high for a potential interest rate cut, likely by at least 25 basis points (a quarter point). Historically, when interest rates decline, stock prices tend to rise. This is because equities become more attractive compared to Guaranteed Investment Certificates (GICs) and other fixed-income investment options offered by banks.
It’s a good idea to monitor your portfolio closely, especially any holdings that may be sensitive to interest rate changes.
Oil Price: U.S. crude oil prices fell more than 1% to $62.40 a barrel Friday morning. US Oil price was at $62.60 per barrel, as of the time (20:00 pm ET, Saturday) of this post update.
10 –year Treasury Yield: The 10-year Treasury yield fell two basis points to 4.01%, after briefly undercutting 4% earlier Friday. The 10-year yield was at 4.068%, as of the time (20:00 am ET, Saturday) of this post update.
Gold is currently down $17.00 or -0.44% at $3,669.30 per troy ounce, while Silver is also down -0.17% at $42.66 per ounce as of the time of this post update.
Bitcoin (BTC-USD) is at $115,071.00, down -$699.42 or -0.62% as of the time (8:30 pm ET, Sunday) of this post update.
After-hours action: Stock Futures are little changed, just slightly down this evening. Now, early Friday morning, Dow Futures is down -5.00 points or -0.01% vs. fair value. S&P 500 futures is down -1.25 points or -0.02%, and Nasdaq 100 futures is down -11.25 points or -0.04% as of the time (8:30 pm ET, Sunday) of this post update.
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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 13, 2025.
