The Canadian Vanguard Stock Market Report – January 10 – 12, 2025 Weekend
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Your Data-Driven Stock Market Analysis And Report – the investor’s readiness guide for the week of December 30 market sessions.
(Updated regularly throughout the weekend)
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The Toronto Market, Friday
The TSX composite index declined -305.63 points or -1.22% to close the market session at 24,767.73. TSX suffered a major decline today. Today’s decline is largely driven by market influences from south of border. Although unemployment declined in Canada last month according to reports released today. The implication of the unemployment report is that Bank of Canada may no longer see the need or the urgency to keep reducing interest rates or maintain the current pace of interest rate reduction.
Today’s Statistics: Today, the declined issues (Decliners) outnumbered the gaining issues (Advancers). There were three Decliners for every Advancer or a more exact ratio of 3.04-to-1.0, significantly bearish. In real numbers, there were 1,487 Decliners to 488 Advancers while 132 stocks remained Unchanged.
Today, there were 67 new 52-Week Highs and 52 new 52-Week Lows. By comparison, there were 87 new 52-Week Highs and 25 new 52-Week Lows on Wednesday.
Today, the total volume of shares traded at the TSX was 418, 326,436, or 13% more when compared to the volume of 370,025,496 shares traded on Wednesday.
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The US Markets
All the three indexes ended the session in red – deep red, furthering the current bearish market sentiment. The Dow Jones Index declined -696.785 points or -1.63% to close at 41,938.45. The S&P 500 index declined -91.21 points or -1.54%, to close at 5,827.04. The Nasdaq Composite dived -317.25 points or -1.63%, to close at 19,161.63. All the indexes are now below the 50-day line in the charts. That does not bode well for investing. Both the Dow and the S&P 500 have been below the 50 day line for some time and are now fully entrenched there.
Today’s Market Statistics: At the NYSE, the declined issues (Decliners) completely outnumbered the gaining issues (Advancers). There were four Decliners for every Advancer or an exact ratio of 4.2-to-1.0. In actual numbers, there were 3,434 Decliners to 809 Advancers with 292 Unchanged.
Today, there were 45 new 52-Week Highs and 344 new 52-Week Lows – the market was totally bearish. It would appear that the bulls fell asleep throughout the session. By comparison, on Wednesday, there were 34 new 52-Week Highs and 173 new 52-Week Lows.
The total volume of stocks traded at the NYSE today was 1,128,704,184, or 6% less when compared to the volume of 1,199,120,403 traded on Wednesday.
On the NASDAQ, the Decliners outnumbered the Advancers. There were sixteen Decliners for every five Advancers at the market session today or a more exact ratio of 3.34-to-1.0. In actual numbers, 3,420 Decliners to 1,022 Advancers with 211 Unchanged.
Today, there were 65 new 52-Week Highs and 291 new 52-Week Lows. By comparison, on Wednesday there were 59 new 52-Week Highs and 145 new 52-Week Lows. The bearish market sentiment continued and actually got worse today.
The total volume of shares traded at the NASDAQ today was 9,180,662,636, or about the same when compared to the volume of 9,136,872,021 shares traded on Wednesday.
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Regular Market Day Features
Beginner Investor’s (Canadian stocks) Watchlist
Blended Growth Stocks Watchlist
IMPORTANT NOTICE
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