The Canadian Vanguard Stock Market Report At Market Close – Wednesday, January 29, 2025
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The Toronto Market
The TSX composite index gained 53.85 points or 0.21% to close the market session at 25,473.30.
The Market Breadth: Five of the ten major sectors of TSX gained today. Basic Materials, up 1.05%, was the top performer today. Durable Consumer Goods & Services was up 0.76%; Energy was up 0.66%; Industrials was up 0.17% and Financials was up a paltry 0.01%. Technology was down -0.36%; Utilities was down -0.51%; Discretionary Consumer Goods & Services, a rough, ball-park indicator of the current outlook for retail stocks, declined -0.70% and the Telecommunications sector, down -0.93% brought up the rear.
Industry Groups: Integrated Telecommunications Services was up a portfolio-friendly 9.01%; Entertainment Production was up 8.88%; Personal Products was also up 8.88%; Advertising / Marketing was up 8.85% and Oil & Gas Drilling was up 8.52%.
Today’s Statistics: The issues which gained (Advancers) outnumbered the issues which declined (Decliners). There were eleven Advancers for every ten Decliners or a more exact ratio of 1.14-to-1.0. In real numbers, there were 1,012 Advancers to 887 Decliners while 188 stocks remained Unchanged.
Today, there were 190 new 52-Week Highs and 27 new 52-Week Lows. By comparison, there were 119 new 52-Week Highs and 24 new 52-Week Lows yesterday. The TSX is on a roll with a regular increase in the number of new 52-Week Highs!
The total volume of shares traded today at the TSX was 317,951,904 or about the same as the volume of 317,943,569 traded yesterday.
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The US Markets
The major indexes declined today. The Dow Jones Index was down -136.86 or -0.31%, and exact reversal of yesterday’s performance to close at 44,713.52. The S&P 500 index declined -28.39 points or -0.47% to close at 6,039.31. The Nasdaq Composite was down -101.26 points or -0.51%, to close at 19,632.32.
The Market Breadth: Telecommunications Services was up 1.26% to lead the sectors today. Energy was next with a 0.32% gain. Durable Consumer Goods & Services was up 0.14%. Basic Materials was up 0.11%, and Utilities was up 0.08%. Financials was down -0.20%; Discretionary Consumer Goods & Services was down -0.26%; Technology was down -0.55% as Nvidia and other chips manufacturers gave back some of yesterday’s gains. Healthcare, was down -0.60%, bringing up the rear. In summary, only five of the eleven major sectors of the markets gained today.
Industry Groups: Coal, up 15.63%, was the top performer within the industry groups today. Retail – Catalog & Internet Order gained 12.82%; Investment Trusts was up 8.83%; Advertising / Marketing gained 8.65% and Integrated Oil & Gas advanced 6.89% today.
Today’s Market Statistics: At the NYSE, the number of issues which declined (Decliners) was greater than the number of issues which gained (Advancers). There were eight Decliners for every five Advancers or an exact ratio of 1.60-to-1.0. In actual numbers, there were 2,470 Decliners to 1,544 Advancers with 368 Unchanged.
Today, there were 151 new 52-Week Highs and 68 new 52-Week Lows. By comparison, yesterday, there were 165 new 52-Week Highs and 46 new 52-Week Lows.
The total volume of stocks traded at the NYSE today was 4,217,459,232 or 8% less than the volume of 4,566,299,628 shares traded yesterday.
On the NASDAQ, the Decliners outnumbered the Advancers. There were seven Decliners for every five Advancers or an exact ratio of 1.4-to-1.0. In actual numbers, 2,548 Decliners to 1,829 Advancers with 275 Unchanged.
Today, there were 97 new 52-Week Highs and 122 new 52-Week Lows. By comparison, yesterday there were 125 new 52-Week Highs and 167 new 52-Week Lows.
The total volume of shares traded at the NASDAQ today was 6,818,816,134, or 8% less than the volume of 7,363,629,617 shares traded yesterday.
Oil Price: U.S. crude oil price rebounded from multi-week lows and was at $72.68 a barrel as of the time (11pm EST) of this post update.
10 –year Treasury Yield: The US 10-year Treasury yield closed at 4.553%, rising from Tuesday’s close of 4.546%. The five-year yield climbed to 4.355% from 4.34%.
Market Roundup Report: The market today was looking for direction. All three major indexes were down today but the indexes remain within routine daily the Fed’s report, however, the index was, by the end of the market session, back to the level it was before the report. The indexes were down and volumes were down across the indexes. The day added up to what is best described as an ordinary day.
After-hours action: Dow Jones futures rose 0.18% vs. fair value. S&P 500 futures advanced 0.35% and Nasdaq 100 futures climbed 0.60% as of the time (11pm EST) of this post update. Stock futures rose after Meta Platforms, Tesla and Microsoft reported earnings after regular market close. Tesla was up 4%, Meta gained 2% but Microsoft was down more than 4% after the earnings report. Tesla earnings were boosted by the company following a recent change in how Bitcoin holdings are reported by companies.
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Regular Market Day Features
Beginner Investor’s (Canadian stocks) Watchlist
Blended Growth Stocks Watchlist
EV, Energy and Resource Stocks Watchlist
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