The Canadian Vanguard Stock Market Report At Market Close – June 12, 2024
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Data Driven Stock Market Analysis And Report
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The Toronto Market
The TSX advanced 74.21 points or 0.34% to close today’s market session at 21,961.55.
Today’s Statistics: Today, the gaining issues (Advancers) totally outnumbered the declined issues (Decliners). The ratio of Advancers to Decliners was 2.52-to-1.0 or in practical terms, roughly for every five Advancers there were two Decliners. In real numbers, 1,047 Advancers to 415 Decliners with 100 Unchanged. The total volume of shares traded for gaining stocks was 177,554,930 or 50.1%, the total volume for declined stocks was 162,651,571 or 45.9% and 14,297,736 or 4.0% for “Unchanged”.
Today, there were 224 new 52-Week Highs and 18 new 52-Week Lows. Yesterday, there were 81 new 52-Week Highs and 20 new 52-Week Lows.
The total volume of shares traded at the TSX today was 354,504,237 compared to yesterday’s 323,348,094. The volume today was 9.6% higher than the volume yesterday and one and a half percent lower than the average of the ten most recent market sessions.
The US Markets
The indexes bounced back today but the NASDAQ powered by Technology stock was more successful with the bounce back. The Dow Industrial Average declined -35.21 points or -0.09% to close the market session at 38,712.21. The S&P 500 was up 45.71 points, or 0.85%, to close at 5,421.03. The Nasdaq Composite surged 264.89 points or 1.53%, to close at 17,608.44. The S&P 500 keeps hitting new highs. The S&P 500 closed for the first time above 5,400 points today.
Today’s Market Statistics: Today, the gaining issues (Advancers) totally outnumbered the declined issues (Decliners) on the NYSE. The ratio of Advancers to Decliners was 2.86-to-1.0 or in practical terms, approximately for every three Advancers there was one Decliner. In real numbers, 3,001 Advancers to 1,048 Decliners with 280 Unchanged. The total volume of shares traded for gaining stocks was 549,538,708 or 55.9%; the total volume for declined stocks was 414,744,456 or 42.2% and 17,927,947 or 1.8% for “Unchanged”.
Today, there were 414 new 52-Week Highs and 60new 52-Week Lows. Yesterday, there were157 new 52-Week Highs and 90 new 52-Week Lows. That was a bullish performance. The market session today was one sided bullish! The Dow was down slightly but the session still shows a bullish trend.
The total volume of stocks traded at the NYSE today was 982,211,111 compared to yesterday’s 903,529,044, a 9% increase. Today’s volume of 982,211,111 was about five per cent higher than the average of the ten most recent market sessions.
On the NASDAQ, the Advancers prevailed over the Decliners by a ratio of 1.78-to-1 or roughly for every nine Advancers there was five Decliners. In real numbers, there were 2,750 Advancers, 1,548 Decliners and 301 Unchanged. The total volume of volume-gaining stocks was 4,016,559,773 or 70.4%; the total volume of declined-volume stocks was 1,587,594,011 or 27.8% and 103,931,434 or 1.8% for “Unchanged”.
Today, there were 230 new 52-Week Highs and 96 new 52-Week Lows. On Friday, there were 104 new 52-Week Highs and 135 new 52-Week Lows.
The total volume of stocks traded at the NASDAQ today was 5,708,085,218 compared to yesterday’s 5,201,957,347, a 10% increase and ten percent higher than the average of the last ten market sessions. The NASDAQ performance was supported by good volume, a ten percent volume increase. That was really positive.
Nasdaq was really bullish today, a really positive market session. Broadcom (AVGO) delivered the company’s earnings report after the market close. The integration of VMware acquired by Broadcom last year added positively to the performance. Broadcom’s sales were up a whopping 43%. The stock was up 12% in the overnight market. Technology stocks are likely to continue rising tomorrow.
10 –year Treasury Yield: The 10-year Treasury yield plunged 12 basis points earlier today but was back at 4.328% as at the time of posting this article. Investors like to see the 10-year yield below 4% for good reason.
Stocks In The News/Stocks To Watch
The US Markets
Broadcom Inc. (AVGO) appears to have successfully integrated the VMware acquired last year from DELL in to its operations. Broadcom’s sales were up a whopping 43%. The company also gave a good guidance for the year. VMware applications and Software Development Kit drive most of the Cloud (private or public) Cloud Services deployment. VMware is likely to continue contributing positively to Broadcom’s earnings into the future. Broadcom also announced a 10 for 1 (ten for one) stock split effective July 15th.
Regular Market Day Features
Beginner Investor’s (Canadian stocks) Watchlist
The Canadian Vanguard Chinese Stocks Watchlist
EV, Energy and Resource Stocks Watchlist
Tesla was up today. The issue with the huge billion dollar pay demanded by the Elon Musk looks likely to be resolved soon.
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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