The Canadian Vanguard Stock Market Report – Monday, March 10, 2025
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The Toronto Market
The TSX composite index climbed 231.71 points or 0.94% to close the session at 24,785.11. The market continued today, to build on the rally started on Wednesday last week. The session was a little choppy but the Bulls prevailed.
The Market Breadth: The market was positive again today just like on Friday. Nine of the ten major sectors advanced. Basic Materials, up 1.77% was the top sector. Financials was up 1.02% and Energy was also up 1.02%. Technology was up 0.59%; Healthcare was up 0.44%; Utilities was up 0.28%; and Telecommunications Services was up 0.15%. Discretionary Consumer Goods & Services, down -0.19%, was the day’s laggard.
Industry Groups: The top five industry groups at the TSX today were: Highways & Railtracks, up 5.15%; Computer Hardware, up 4.16%; Auto & Truck Manufacturers, up 3.90%; Chemicals – Agricultural, up 2.12%; Hotels, Motels & Cruise Lines, up 2.01%.
Today’s Statistics: The issues that gained (Advancers) outnumbered those that declined (Decliners). There were three Advancers for every Decliner or a more exact ratio of 3.17-to-1.0. In real numbers, there were 1,470 Advancers to 464 Decliners while 123 stocks remained Unchanged. This is very much line with the TSX performance on Friday.
Today, there were 96 new 52-Week Highs and 16 new 52-Week Lows. On Friday, there were 77 new 52-Week Highs and 25 new 52-Week Lows
The total volume of shares traded at the TSX today was 380,951,233 or 1% less, about the same compared to the volume of 384,153,193 shares traded on Friday.
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The US Markets
The Dow Jones Average index was up 353.44 points or 0.85% to close at 41,841.63. The S&P 500 index gained 36.18 points or 0.64%. The Nasdaq Composite was up 54.58 points or 0.31%, to close at 17,808.66. The rally which started on Wednesday, remains very much alive.
The Market Breadth: The market was positive again on Monday just as on Friday but with wider market breadth. Nine of the ten major sectors advanced. Basic Materials, up 1.77%, was the top sector. Financials was up 1.02% and Energy, also, was up 1.02%. Technology was up 0.59%; Healthcare was up 0.44%; Utilities was up 0.28%; and Telecommunications Services was up 0.15%. Discretionary Consumer Goods & Services, down -0.19%, was the day’s laggard.
Industry Groups: The top five industry groups at the US markets today were: Marine Port Services, up 5.51%; Commercial Printing Services, up 3.58%; Fishing & Farming, up 3.51%; Leisure & Recreation, up 3.24%; and Airport Services, up 3.13%.
Today’s Market Statistics: At the NYSE, the issues that gained (Advancers) outnumbered the issues that declined (Decliners). There were four Advancers for every Decliner – or an exact ratio of 4.40-to-1.0. In actual numbers, there were 3,381 Advancers to 769 Decliners with 298 Unchanged.
There were 149 new 52-Week Highs and 48 new 52-Week Lows. On Friday, there were 75 new 52-Week Highs and 90 new 52-Week Lows. The bulls, showed more influence at the market today.
The total volume of stocks traded at the NYSE today was 5,106,545,306 or 3.3% more, compared to the volume of 4,942,758,040 shares traded on Friday.
On the NASDAQ, the Advancers outnumbered the Decliners. There were roughly five Advancers for every two Decliners or an exact ratio of 2.5-to-1.0. In actual numbers, there were 3,163 Advancers to 1,269 Decliners with 232 Unchanged.
Today, there were 95 new 52-Week Highs and 113 new 52-Week Lows. On Friday, there were 43 new 52-Week Highs and 174 new 52-Week Lows.
The total volume of shares traded at the NASDAQ was 6,432,013,812, or 12% less compared to the volume of 7,321,842,296 shares traded on Friday.
Oil Price: U.S. crude oil futures rose on Monday as President Trump said US would hold Iran responsible for any future attack by Houthis. Oil futures rose 0.6% to $67.58 a barrel Monday afternoon. Oil price was at $67.77 a barrel as of the time (11:30pm EDT, Monday) of this post update.
10 –year Treasury Yield: The 10-year Treasury yield edged lower and was at 4.293% as of the time (11:30pm EDT, Monday) of this post update.
After-hours action: Stock futures edged down in the after-hours market. The Dow Futures was down -0.26% vs. fair value. S&P 500 futures was down -0.37%, and Nasdaq 100 futures was down -0.52% as of the time (11:30pm EDT, Monday) of this post update.
Market Roundup Report: The markets, with today’s performance, have now made it two consecutive sessions of gains. Every major sector of the US markets gained today just as on Friday. In some ways, today session was more bullish than on Friday even though the indexes’ gains were higher on Friday. However, it is important to keep in mind that the market is still in correction and the tariffs are still being announced so threats from tariffs remain. We continue recommend to either remain in cash or trade with good caution to avoid damaging losses. If the trend continues we might be able to confirm the rally in a few days.
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Stocks in the News / Stocks To Watch
The US Markets
BYD Company (BYDDF) was in the news today. The company unveiled a new “Super e-Platform” technology which the company said will be capable of peak charging speeds of 1,000 kilowatts. This will, according to the company, allow cars that use the technology to achieve 400 kilometers of range with just 5 minutes of charging. BYD stock was up 2.59% or $1.30 to close on Monday at $51.40 with 157.1K shares traded at the US market. The stock trades much bigger volume per day at the Chinese markets.
The magnificent seven stocks have for remain “less magnificent”. NVIDIA Corp (NVDA) and Tesla (TSLA) stock suffered heavy damage from the recent market choppiness. Tesla Inc. (TSLA) was down -4.79% or -$11.97 to close at $238.40 with 111.9M shares traded. That market choppiness, during the last couple of weeks, has further damaged the chart of many of the previous leading stocks. The Chinese government have been providing incentives to improve the Chinese economy and the Chinese stocks are currently looking good. Most of the Chinese stocks traded in the US markets, ADRs as they are referred to, have weathered the recent market choppiness relatively well.
PDD Holdings Inc. (PDD) stock was up 5.19% or $6.36 to close at $128.90 with 10.6M shares changing hands today. It is a stock worth keeping an eye on or add to one’s watchlist for now.
Baidu Inc. (BIDU) was up 9.01% or $8.45 to close at $102.27 with 14.4M shares traded. Futu Holdings Limited (FUTU) has totally defied the recent market choppiness. FUTU stock was down -1.15% or -$1.36 to close at $117.11 with 4.1M shares traded today. A more recent new comer to the field is Atour Lifestyle Holdings Ltd. (ATAT). The stock is at a lower price compared to the others mentioned above. The price is within the small-cap range, and as such possibly more affordable to beginner investors. ATAT stock was up 0.13% or $0.04 to close at $31.29 with 1.4M shares traded today.
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Regular Market Day Features
Beginner Investor’s (Canadian stocks) Watchlist
Blended Growth Stocks Watchlist
EV, Energy and Resource Stocks Watchlist
Tesla was down today. News report mentioned that the company is raising the price of some its car models in China.
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