The Canadian Vanguard Stock Market Report At Market Close – Wednesday, February 4, 2025
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The Toronto Market
The TSX composite index gained 37.59 points or 0.15% to close the market session at 25,279.35.
Today’s Statistics: Today, the issues which gained (Advancers) outnumbered the issues which declined (Decliners). There were four Advancers for every three Decliners or a more exact ratio of 1.33-to-1.0. In real numbers, there were 1,116 Advancers to 838 Decliners while 137 stocks remained Unchanged.
Today, there were 57 new 52-Week Highs and 18 new 52-Week Lows. By comparison, there were 164 new 52-Week Highs and 89 new 52-Week Lows yesterday.
The total volume of shares traded today at the TSX was 383,062,469 or 27% less when compared to the volume of 521,861,654 shares traded yesterday.
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The US Markets
All three major indexes were up today. The Dow Jones Index was up 134.13 or 0.30% to close at 44,556.04. The S&P 500 index was up 43.41 points or 0.72% to close at 6,037.88. The Nasdaq Composite was up 262.06 points or 1.35%, to close at 19,654.02. The markets came back alive today. Nasdaq was the top performer of the indexes, but really, both S&P 500 and NASDAQ, each had a good market outing, today. Investors should note that, indexes were up today but the volumes declined. That is a reminder to investors that the markets are not out of the woods yet. The positive performance by the indexes today lacked volume support so most likely the current volatility by the markets will continue. Investors must continue to trade with caution.
Today’s Market Statistics: At the NYSE, the number of issues which gained (Advancers) was greater than the number of issues which declined (Decliners). There were almost three Advancers for every Decliner or an exact ratio of 2.80-to-1.0. In actual numbers, there were 3,009 Advancers to 1,072 Decliners with 306 Unchanged.
Today, there were 121 new 52-Week Highs and 61 new 52-Week Lows. By comparison, yesterday, there were 85 new 52-Week Highs and 142 new 52-Week Lows.
The total volume of stocks traded at the NYSE today was 4,548,272,443 or 7% less, compared to the volume of 4,895,975,441 shares traded yesterday.
On the NASDAQ, the Advancers outnumbered the Decliners. There were five Advancers for every two Decliners or an exact ratio of 2.4-to-1.0. In actual numbers, 3,091 Advancers to 1,315 Decliners with 236 Unchanged.
Today, there were 103 new 52-Week Highs and 121 new 52-Week Lows. By comparison, on yesterday there were 68 new 52-Week Highs and 239 new 52-Week Lows.
The total volume of shares traded at the NASDAQ today was 6,725,690,619, or 21% less when compared to the volume of 8,516,977,898 shares traded yesterday.
Oil Price: Oil price remained little changed. The market appears to shrug off China tariffs. Oil price was at $72.59 as at the time (11pm EST) of this post.
10 –year Treasury Yield: The US 10-year Treasury yield slipped as US President Trump imposed higher tariffs on China and was at 4.509% at 3pm today. The 10-year yield was down and was at 4.494% as at the time (11pm EST) of this post update. The five-year yield eased to 4.315%.
After hours action: Dow Jones futures was down -0.28% vs. fair value. S&P 500 futures was down -0.54% and Nasdaq 100 futures was down -0.73% as at the time of this post update.
Market Roundup Report: The market rally continues but looks likely more shaky. However, investors should remain nimble and continue to be ready to exit positions quickly as necessary when and if market volatility demands quick action.
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Regular Market Day Features
Beginner Investor’s (Canadian stocks) Watchlist
The market has been hard on the Canadian big banks in the last couple of sessions.
Blended Growth Stocks Watchlist
Apple bounced back today. Applovin (APP) and Celestica (CLS) remain top stocks to keep keen eyes on.
EV, Energy and Resource Stocks Watchlist
The Chinese EV manufacturers are back in hitting high notes in the market. In the past though, stocks such as LI Autos (LI) have consistently offered inconsistent performance.
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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