The Canadian Vanguard Stock Market Report – November 29 – December 124, 2024 Weekend
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Your Data-Driven Stock Market Analysis And Report – the investor’s readiness guide for the week of December 2 market sessions.
(Updated regularly throughout the weekend)
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The Toronto Market, Friday
Today, the TSX composite was up 104.48 points or 0.41% to close the market session at 25,848.00. TSX continues to advance higher into record territory. Just for a little useful diversion, the TSX closed at 16,854.92 on December 5, 2019 – five years ago. Is the TSX going reach 9,000 points or higher on Thursday? We’ll see.
Today’s Statistics: Today, the gaining issues (Advancers) outnumbered the declined issues (Decliners). There were three Advancers for every Decliner or a ratio of 3.0-to-1.0. In real numbers, there were 1,430 Advancers to 468 Decliners while 133 stocks remained Unchanged.
Friday, the total volume of shares traded at the TSX was 276,495,428, 16% less when compared to the volume of 329,951,493 shares traded on Thursday.
Friday, there were 291 new 52-Week Highs and 10 new 52-Week Lows. By comparison, there were 226 new 52-Week Highs and 7 new 52-Week Lows on Thursday.
The US Markets, Friday
Friday was the day after Thanksgiving so by tradition, the market closes at 1pm – a half session day. Volume was down significantly, not a surprise since it was a half day session but all the indexes were up at market close. The Dow Jones Index advanced 188.59 points or 0.42% to close at 44,910.65. The S&P 500 index gained 33.64 points or 0.56%, to close at 6,032.38. The Nasdaq Composite was up 157.69 points or 0.83%, to close at 19,218.17. All three indexes recovered all of Wednesday losses and are back in their respective record territories.
Today’s Market Statistics: At the NYSE, the gaining issues (Advancers) outnumbered the declined issues (Decliners). There were five Advancers for every two Decliners or a precise ratio of 2.47-to-1.0. In actual numbers, there were 2,731 Advancers to 1,106 Decliners with 291 Unchanged.
On Friday, there were 386 new 52-Week Highs and 63 new 52-Week Lows. By comparison, on Wednesday, there were 406 new 52-Week Highs and 53 new 52-Week Lows.
The total volume of stocks traded at the NYSE on Friday was 790,747,299 which is 10% less than the volume of 879,899,021 traded on Wednesday.
On the NASDAQ, the Advancers outnumbered the Decliners. For every nine Advancers there were five Decliners or a precise ratio of 1.88-to-1.0. In actual numbers, 2,801 Advancers to 1,487 Decliners with 286 Unchanged.
On Friday, there were 214 new 52-Week Highs but 49 new 52-Week Lows – quite bullish. By comparison, on Wednesday there were 206 new 52-Week Highs but 85 new 52-Week Lows. Market was closed on Thursday for Thanksgiving.
The total volume of shares traded at the NASDAQ on Friday was 4,147,385,514, 29% less when compared to the volume of 5,793,997,176 shares traded on Wednesday.
Oil Price: U.S. crude oil dipped to $68.58 a barrel.
10 –year Treasury Yield: The 10-year Treasury yield shed five basis points to just 4.19% at market close.
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Regular Market Day Features
Beginner Investor’s (Canadian stocks) Watchlist
The Canadian big six banks are reporting earnings this week. We shall keep track of the highlights for our readers.
Blended Growth Stocks Watchlist
APPL, DECK , META and CLS are stocks worth keeping an eye on.
EV, Energy and Resource Stocks Watchlist
IMPORTANT NOTICE
Readers are reminded that the market’s performance at the following day’s market session may completely differ from the market performance at the overnight markets.
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Our reports are composed by humans after proper analysis and detailed research. It is neither AI nor machine generated. We do not, like AI, make things up.
