The Canadian Vanguard Stock Market Report At Market Close – Monday, February 3, 2025
.
Follow us for Data-Driven Analysis and Insights To Guide Your Trading and Smart Investing
The Toronto Market
The TSX composite index declined -291.34 points or -1.14% to close the market session at 25,241.76. The bears were all over the place at the TSX today. The TSX composite index declined heavily today and Friday, dropping over 500 points combined during the two sessions. That is not a good sign. Let us “blame” today’s negative market action on the US President Trump’s threat to impose 25% tariffs on Canadian goods sold to the US. There was some reprieve in the late afternoon today with the announcement of a thirty day delay in the implementation of the tariff hike.
The Market Breadth: Telecommunications sector, up 0.42%, was the top sector today repeating Friday’s performance. The market performance today was actually worse than on Friday. Generally, when the market gets rocky, investors tend to gravitate towards “safe” sectors such as Telecommunications Services and Utilities sectors. Basic Materials was up 0.18%, rounding up the short list of only two sectors to end the market session gaining today. Utilities declined -0.16%; Energy was down -0.60%; Technology was down -0.60% also; Healthcare was down -0.72%; Durable Consumer Goods & Services declined -0.87%; Financials declined -1.71% – which was a pretty heavy decline for Financials. Discretionary Consumer Goods & Services was down -2.30% to roundup the list of sectors which declined at the market session today. It was a really negative market session.
Industry Groups: The TSX was bearish today. Coal, up 3.55%, was the top industry at the TSX today. Beverages – Distillers & Wineries was up 2.72%; Environmental Services was up 1.66%; Insurance – Property & Casualty was up 1.24% and Precious Metals & Minerals was up 1.09%. The TSX was down so there was no industry with any of those big gains today.
Today’s Statistics: Today, the issues which declined (Decliners) outnumbered the issues which gained (Advancers). There were twelve Decliners for every five Advancers or a more exact ratio of 2.40-to-1.0. In real numbers, there were 1,466 Decliners to 613 Advancers while 113 stocks remained Unchanged.
Today, there were 164 new 52-Week Highs and 89 new 52-Week Lows. By comparison, there were 258 new 52-Week Highs and 20 new 52-Week Lows on Friday.
The total volume of shares traded today at the TSX was 521,861,654 or 43% more when compared to the volume of 365,696,285 shares traded on Friday.
The US Markets
The Dow Jones Index was down -122.75 or -0.28% to close at 44,421.91 today. The S&P 500 index declined -45.96 points or -0.76% to close at 5,994.57. The Nasdaq Composite was down -235.49 points or -1.20%, to close at 19,391.96. The market was rocky today but the indexes closed well off the day’s lows. NASDAQ receded further away from the the 20,000 level.
The Market Breadth: Only four of the eleven sectors managed to avoid ending the day’s session in the red in rocky market session today. Investors flocked to Telecommunications sector pushing the sector to end the day, up 1.16% and also as the top performing sector today. Utilities finished a distant second gaining just 0.39%. Durable Consumer Goods & Services, up 0.25% was next. Energy was up 0.12% to round the list of the sectors which gained today. Basic Materials declined -0.38%; Financials declined -0.99%; Industrials declined -1.13%. Technology declined -1.29% and was also the bottom performing sector today.
Industry Groups: The markets were bearish today but the following were the top industry gainers: Utilities- Natural Gas was up 2.34% to lead the industry groups today. Wireless Telecommunications Services gained 1.70%; Retail – Discount Stores was up 1.27%; Precious Metals & Minerals gained 1.26% and Food Distribution & Convenience Stores was up 1.17%.
Today’s Market Statistics: At the NYSE, the number of issues which declined (Decliners) was greater than the number of issues which gained (Advancers). There were two Decliners for every Advancer or an exact ratio of 2.18-to-1.0. In actual numbers, there were 2,891 Decliners to 1,327 Advancers with 286 Unchanged.
Today, there were 85 new 52-Week Highs and 142 new 52-Week Lows. By comparison, on Friday, there were 119 new 52-Week Highs and 102 new 52-Week Lows.
The total volume of stocks traded at the NYSE today was 4,895,975,441 or 1% less, practically about the same when compared to the volume of 4,953,321,902 shares traded on Friday.
On the NASDAQ, the Decliners outnumbered the Advancers. There were roughly five Decliners for every two Advancers or an exact ratio of 2.4-to-1.0. In actual numbers, 3,134 Decliners to 1,314 Advancers with 196 Unchanged.
Today, there were 68 new 52-Week Highs and 239 new 52-Week Lows. By comparison, on Friday there were 119 new 52-Week Highs and 102 new 52-Week Lows.
The total volume of shares traded at the NASDAQ today was 8,516,977,898, or 6% less when compared to the volume of 9,085,693,135 shares traded on Friday.
Oil Price: Oil price fell as President Trump agreed to pause tariffs on Mexico and Canada. Oil price was at $71.92 down -$1.24 or -1.65% as at the time (11pm EST) of this post.
10 –year Treasury Yield: The US 10-year Treasury yield slipped as investors considered President Trumps tariffs on global partners earlier in the day. The 10-year yield was at 4.567%, up 0.024% at the time (11pm EST) of this post update.
After hours action: Dow Jones futures was down -0.33% vs. fair value. S&P 500 futures was down -0.32% and Nasdaq 100 futures was down -0.27% as at the time of this post update.
Market Roundup Report: The market rally continues. However, investors should be ready to exit positions quickly if the market volatility persists. Hopefully, the thirty day reprieve offered today by President Trump will lead to something more permanent and less of today’s type of market volatility. The only trading style we encourage emphasizes preserving capital. Money saved by avoiding or minimizing losses is money gained.
.
Regular Market Day Features
Beginner Investor’s (Canadian stocks) Watchlist
The bears were on the loose and were all over the place at the TSX today. The Canadian big banks shed quite a bit today. Canadian Pacific Kansas city Ltd (CP) was down 5.71% today. Shares in firms that transport and store goods across North America fell today in anticipation of President Trump’s wide-ranging tariffs on America’s top trading partners.
Blended Growth Stocks Watchlist
EV, Energy and Resource Stocks Watchlist
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.
