The Canadian Vanguard Stock Market Report – Weekend, February 7 – 9, 2025

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Your Data-Driven Stock Market Analysis And Report –  the investor’s readiness guide for the week of February 10 market sessions.

(Updated regularly throughout the weekend)

 

The Toronto Market, Friday

The TSX composite index declined -91.58 points or -0.36% to close the market session at 25,442.91.  The TSX was down for two consecutive sessions; yesterday and today. The total combined points lost on the two days is just about half the points gained on Wednesday.  On Wednesday, the index had recovered all the points by which it declined on Monday. It would appear on the surface that it was a choppy week but when one digs into the data, it becomes clear that it was not a bad week.

                                                                                                       

The Market Breadth:  The market breadth on Friday was the reverse of what transpired on Thursday. Only one sector, Energy, up 0.16%, of the ten major sectors gained on Friday, further emphasizing the volatility in the current market. Basic Materials was down -0.03%; Financials declined -0.15%; Utilities was down -0.19%; Durable Consumer Goods & Services sector was down -0.49%; Discretionary Consumer Goods & Services declined -0.58%.  Technology was down -0.90%; and Telecommunications Services was down -2.56%.

For the week: The performance was average for the week. Five of the sectors ended the week with gains. Basic Materials took the lead with 2.87% gain during the week. Healthcare was up 2.54%; Technology was up a mere 0.37%; Utilities gained 0.35%; and Energy gained 0.21%. Industrials was down -0.21%; Financials was down -0.75%; Discretionary Consumer Goods & Services declined -1.57%; and Telecommunications Services was down a whopping -4.35%.

Industry Groups:   Textiles and Leather Goods was up 7.69%; Media Diversified gained 4.39%; Marine Port Services was up 1.73%; Steel gained 1.20% and Aerospace & Defense gained 1.15%.

Today’s Statistics: The issues that declined (Decliners) outnumbered those that gained (Advancers). There were two Decliners for every Advancer or a more exact ratio of 2.35-to-1.0.  In real numbers, there were 1,356 Decliners to 576 Advancers while 133 stocks remained Unchanged.

Friday, there were 79 new 52-Week Highs and 31 new 52-Week Lows. By comparison, there were 125 new 52-Week Highs and 36 new 52-Week Lows on Thursday.

The total volume of shares traded on Friday at the TSX was 392,229,719 or 5% more when compared to the volume of 371,167,000 shares traded on Thursday.

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The US Markets                                                                         

The Dow Jones index declined -444.23 or -0.99% to close at 44,303.40. The S&P 500 index was down -57.58 points or -0.95% to close at 6,025.99. The Nasdaq Composite declined -268.59 points or -1.36%, to close at 19,523.40. This was a choppy week. Dow was up two days and down three days including a sharp decline today when all the three indexes suffered heavy declines. The heavy decline on Friday was driven by investors’ fears of tariffs and inflation.

The Market Breadth: Market breadth was at the ultimate narrow on Friday. All the sectors ended the session in the red. Energy, down -0.19%, was the top losing performer. Utilities finished second, declining -0.21%. Telecommunications Services ended down -0.31%; Durable Consumer Goods & Services was down -0.42%; Technology declined -0.89%; Basic Materials declined -0.99%; and Durable Consumer Goods & Services was down -2.18%. It was a tough market session.

For the week: The sectors did considerably better during the week. Six sectors gained this week and the gains were quite decent. The week’s top performer was Telecommunications Services with 1.74% gain. Basic Materials gained 1.21%; Durable Consumer Goods & Services was up 0.89%; Technology was up 0.82%; Energy was up 0.72%; Financials was up 0.70%. Discretionary Consumer Goods & Services, down -2.09%, was the worst performing sector. Utilities declined -0.02% this week.

Industry Groups:  Marine Port Services, up 3.17% was the leading industry; Leisure & Recreation gained 2.33%; Entertainment Production gained 2.30%; Textiles & Leather Goods advanced 2.14% and Office Equipment gained 1.50%.

Today’s Market Statistics:  At the NYSE, the number of issues that declined (Decliners) outnumbered the number of issues that gained (Advancers). There were roughly three Decliners for every Advancer or an exact ratio of 2.80-to-1.0. In actual numbers, there were 3,049 Decliners to 1,091 Advancers with 329 Unchanged. The bears prevailed today, thanks to investors’ feelings about Trump’s tariffs.

Friday, there were 162 new 52-Week Highs and 104 new 52-Week Lows. By comparison, on Thursday, there were 179 new 52-Week Highs and 55 new 52-Week Lows.

The total volume of stocks traded at the NYSE Friday was 4,870,543,031 or 2% less, compared to the volume of 4,949,296,612 shares traded on Thursday.

On the NASDAQ, the Decliners outnumbered the Advancers. There were thirteen Decliners for every five Advancers or an exact ratio of 2.61-to-1.0. In actual numbers, 3,202 Decliners to 1,226 Advancers with 199 Unchanged.

Today, there were 151 new 52-Week Highs and 167 new 52-Week Lows.  By comparison, on Thursday there were 174 new 52-Week Highs and 104 new 52-Week Lows.

The total volume of shares traded at the NASDAQ Friday was 8,033,841,766, or 15% more compared to the volume of 6,963,933,337 shares traded on Thursday.

Oil Price:    U.S. crude Oil price declined Friday amid other tariff concerns. Oil prices declined for the week. Oil price was at $71.38, up 0.55%, as of the time (8:30pm EST) of this post.

10 –year Treasury Yield:  The US 10-year Treasury yield stood at 4.489% at the time, Sunday evening, of this post. The five-year yield rose to 4.333%.

After-hours action:   Stock futures rose modestly Sunday evening.  The Dow futures was up 0.21% vs. fair value. S&P 500 futures was 0.26% and Nasdaq 100 futures was up 0.38% as at the time of this post update.

Market Roundup Report:   Markets appear no longer as enthusiastic over Trump and AI as they used to be. The market rally is very much alive but market choppiness appears not ready to abate for now. It is a good idea to be cautious when taking positions and to be ready to reverse quickly if the market spins a surprise.  A good practice for dealing with choppy markets is to cut the quantity of shares traded each time during choppy market periods to a fraction of the quantity traded when markets are more normal. The January consumer price index report’s release scheduled is at 8:30am on Wednesday. The report is typically a market mover, as such, it will be prudent of investors to factor the release into trading plans. The producer price index report is due for release on Thursday.

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Regular Market Day Features

Beginner Investor’s (Canadian stocks) Watchlist

Blended Growth Stocks Watchlist 

 EV, Energy and Resource Stocks Watchlist 

The Chinese EV manufacturers are on a roll. They are ramping up competition by offering no down payment and in some cases, 5-year interest free loans. The stocks have a poor history with maintaining sustained market 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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