The Canadian Vanguard Stock Market Report At Market Close – Monday, February 10, 2025
.
Follow us for Data-Driven Analysis and Insights To Guide Your Trading and Smart Investing
The Toronto Market
The TSX composite index advanced 215.95 points or 0.85% to close the market session at 25,658.86. Volume of stocks traded at the TSX today was about the same as on Friday.
The Market Breadth: The market breadth today was broad. Nine of the ten major sectors gained. Basic Materials, down -0.03% on Friday bounced back gaining 1.85% as the top gainer among the sectors. Technology advanced 1.74%. Shopify a heavy-weighted component of the technology sectors is scheduled to announce an earnings report tomorrow. Energy was up 1.21%; Industrials gained 1.02% and Telecommunications Services was up 0.79%; Discretionary Consumer Goods & Services was up 0.62% and Durable Consumer Goods & Services sector was up a paltry 0.17%. Financials barely avoided finishing in the red, ending with a mere 0.01% gain. The big banks have not been top performers in recent market sessions. Healthcare, down -0.44%, was the only sector to end the session in the red.
Industry Groups: The top five industry groups at the market today are: Semiconductors was up 5.75%; Retails – Drugs was up 3.93%; Media Diversified was up 3.49%; Beverages – Non-Alcoholic was up 3.44%; and Chemicals – Agricultural gained 3.32%.
Today’s Statistics: The issues that gained (Advancers) outnumbered the issues that declined (Decliners). There were three Advancers for every Decliner or a more exact ratio of 3.00-to-1.0. In real numbers, there were 1,436 Advancers to 485 Decliners while 146 stocks remained Unchanged.
There were 119 new 52-Week Highs and 20 new 52-Week Lows. By comparison, there were 79 new 52-Week Highs and 31 new 52-Week Lows on Friday.
The total volume of shares traded today at the TSX was 392,579,781 or about the same volume of 392,229,719 shares traded on Friday.
.
The US Markets
All the three major indexes gained. The Dow Jones Average index gained 167.01 or 0.38% to close at 44,470.41. The S&P 500 index was up 40.45 points or 0.67% to close at 6,066.44. The Nasdaq Composite advanced 190.87 points or 0.98%, to close at 19,714.27.
The Market Breadth: The market posture gains were broad-based as eight of the eleven major sectors gained. Energy, up 1.93%, dominated the session. Telecommunications Services finished up 1.32% and Technology was up 1.31%. Utilities gained 0.91%; Basic Materials gained 0.82%; Durable Consumer Goods & Services gained 0.61%; and Discretionary Consumer Goods & Services gained 0.44%. Healthcare was down -0.22% and Financials was down -0.66% as the stocks of the big banks continued to struggle.
Industry Groups: The top five industry groups in the US markets today are: Retail – Computers & Electronics gained 5.88%; Rails & Roads – Passengers gained 5.20%; Computer Hardware gained 4.15%; Aluminum was up 3.09%; and Steel was up 2.79%.
Today’s Market Statistics: At the NYSE, the number of issues that gained (Advancers) outnumbered the number of issues that declined (Decliners). There were roughly two Advancers for every Decliner or an exact ratio of 1.90-to-1.0. In actual numbers, there were 2,689 Advancers to 1,416 Decliners with 319 Unchanged. The bulls were back today but the market volatility, up today, down tomorrow continues.
There were 159 new 52-Week Highs and 86 new 52-Week Lows. By comparison, on Friday, there were 162 new 52-Week Highs and 104 new 52-Week Lows.
The total volume of stocks traded at the NYSE today was 4,534,351,468 or 7% less, compared to the volume of 4,870,543,031 shares traded on Friday.
On the NASDAQ, the Advancers outnumbered the Decliners. There were thirteen Advancers for every ten Decliners or an exact ratio of 1.3-to-1.0. In actual numbers, 2,507 Advancers to 1,930 Decliners with 234 Unchanged.
Today, there were 164 new 52-Week Highs and 188 new 52-Week Lows. By comparison, on Friday there were 151 new 52-Week Highs and 167 new 52-Week Lows.
The total volume of shares traded at the NASDAQ was 9,834,221,175, or 22% more compared to the volume of 8,033,841,766 shares traded on Friday.
Oil Price: U.S. crude Oil price was relatively steady during the day but was up later and was at $72.65 as of the time (11:30pm EST) of this post.
10 –year Treasury Yield: The US 10-year Treasury yield rose ahead of key economic data reports due later this week. The 10-year yield was 4.513% as of the time of this post update (11:30pm EST) Monday. The five-year yield eased to 4.331% from 4.333%.
After-hours action: Stock futures were little changed. The Dow futures was down -0.16% vs. fair value. S&P 500 futures was down -0.23% and Nasdaq 100 futures was down -0.31% as at the time of this post update.
.
Stock in the News /Stock To Watch
The US Markets
BYD Company (BYDDF) said today that it was integrating artificial intelligence from Chinese start-up DeepSeek into at least the most advanced version of the new driver assist system. BYD is reportedly widening its lead over Tesla in artificial intelligence-powered driving technology for Chinese car buyers.
The company said it would make its driving-assistance technology system, called “Eyes of God” in Chinese, available in all of its models including an electric compact hatchback costing around $9,600 — a price that includes the system. Cars with the technology, which is called DiPilot in English, can self-park and cruise on city roads with minimal human intervention. The BYDDF stock was up 3.28% or $1.38 to close at $43.48 at the market today with a total of 193.1k shares traded.
The big IT industry players (Amazon, Google, META Platforms, etc.) appear ready to ignore or dismiss the DeepSeek Company’s development and continue to invest heavily in stable power supplies for their planned data centers. The beneficiaries of their related spending will be the nuclear power companies. Constellation Energy Corp (CEG) is the USA’s largest owner of nuclear reactors. CEG stock price has more than doubled over the past year. NuScale Power Corporation’s (SMR) stock price has also been up 700% in the past year. Constellation Energy is worth adding to your watchlist if the big IT companies keep to their promise to invest heavily in power generation for their data centers. NuScale is more of a small modular reactor company.
.
Regular Market Day Features
Beginner Investor’s (Canadian stocks) Watchlist
Blended Growth Stocks Watchlist
EV, Energy and Resource Stocks Watchlist
BYD Company (BYDDF) today, said that it was integrating artificial intelligence from Chinese startup DeepSeek into at least the most advanced version of the new driver assist system.
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.
SUBSCRIPTION Offer: We thank you for following our Stock Market reports but please be aware that we shall soon be restricting these articles to subscribers only.
We do not send this publication by email to readers. If you receive a copy by email please simply forward the email to us.
Our reports are composed by humans after proper analysis and detailed research. It is neither AI nor machine generated.
