The Canadian Vanguard Stock Market Report At Market Close – Monday, November 25, 2024

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The Toronto Market

The TSX composite was down -33.93 points or -0.13% to close the market session at 25,410.35.

                                                                                                                                             

The Market Spread: Seven of the ten major sectors gained today. Technology was up 2.25% – thanks to Shopify Inc. which was up 3.87% today and is heavily weighted within the sector. Telecommunications Services was up 1.40%; Discretionary Consumer Goods & Services was up 0.75%; Industrials was up 0.59%; Healthcare was up 0.28%; Financials was up 0.23% and Durable Consumer Goods & Services was up 0.16%. Utilities, down -0.13%, Energy, down -1.51% and Basic Materials, down -1.97%, were the three sectors to decline at the markets today.

Industry Groups:  Computer Hardware was up a good 17.29%. Auto & Truck Manufacturers was up 7.28%; Forest & Wood Products was up 4.64%; Retail – Apparel & Accessories was up 3.88% while Leisure & Recreation was up 3.78%.

Today’s Statistics: Today, the gaining issues (Advancers) outnumbered the declined issues (Decliners). There were roughly two Advancers for every Decliner or a ratio of 2.12-to-1.0. In real numbers, there were 1,311 Advancers to 618 Decliners while 138 stocks remained Unchanged.

Today, the total volume of shares traded at the TSX was 626,158,495, a whopping 83% more when compared to the volume of 341,248,269 shares traded on Friday. Investors are trooping in droves to the market and obviously contributing to and likely relishing the current bullish ambience and trend.

Today, there were 364 new 52-Week Highs and 13 new 52-Week Lows. By comparison, there were 264 new 52-Week Highs and 10 new 52-Week Lows on Friday.  The TSX is surely on a roll as the bullish trend continues.

 The US Markets

Today, the Dow Jones Index was again, and for the third session running, the top performing index. The index advanced 440.06 points or 0.99% to close at 44,736.57. The S&P 500 index gained 18.03 points or 0.30%, to close at 5,987.37. The Nasdaq Composite moved up 51.19 points or 0.27%, to close at 19,054.84.  NASDAQ is slowly increasing higher every session but remains way behind Dow Jones index in that respect.  Nvidia, down again today, remains a drag on NASDAQ.

The Market Spread: Eight of the major sectors of the markets ended the session with gain. Discretionary Consumer Goods & Services was up 1.07%. Healthcare was up 0.87%; Industrials was up 0.82%; Financials was up 0.77%; Telecommunications Services was up 0.62%; Basic Materials was up 0.60% and Technology was up but just a mere 0.07%. Utilities, down -0.14%, and Energy, down -1.75% were the two sectors to decline at the markets today.

Industry Groups:  Rails & Roads was up 7.44%; Homebuilding was up 5.32%; Retail – Computers & Electronics was up 4.75%; Tires & Rubber Products was up 4.33% and Appliances, Tools & Housewares was up 4.27%. It was a positive market session.

Today’s Market Statistics:  At the NYSE, the gaining issues (Advancers) totally outnumbered the declined issues (Decliners). There were three Advancers for every Decliner or a precise ratio of 3.0-to-1.0. In actual numbers, there were 3,096 Advancers to 1,030 Decliners with 290 Unchanged.  The market session was even more lopsidedly bullish than it was on Friday.

Today, there were 836 new 52-Week Highs and 40 new 52-Week Lows. By comparison, on Friday, there were 532 new 52-Week Highs and 41 new 52-Week Lows. The bulls are rampaging – Bulls on the run really.

The total volume of stocks traded at the NYSE on Friday was 1,910,465,442 which is 87% more than the volume of 1,019,815,607 traded on Friday.

On the NASDAQ, the Advancers outnumbered the Decliners. Roughly, for every two Advancers there was a Decliner or a precise ratio of 2.08-to-1.0. In actual numbers, 2,965 Advancers to 1,420 Decliners with 252 Unchanged.

Today, there were 560 new 52-Week Highs but 78 new 52-Week Lows. By comparison, on Friday there were 299 new 52-Week Highs but 90 new 52-Week Lows.

Today, the total volume of shares traded at the NASDAQ was 8,207,534,061, 20% more when compared to the volume of 6,826,661,611 shares traded on Friday.

Oil Price:    Oil price steadied amid possible Middle East ceasefire. Oil price was at $69.23 as at the time of this post.

10 –year Treasury Yield:  The US 10-year Treasury yield closed at 4.267%, down from Friday’s close of 4.406%. The five-year yield closed at 4.176% down also from Friday’s close of 4.295%.

Market Roundup Report: The market rally keep gaining momentum. It is a good time to be fully invested as the indexes continue to fire on all cylinders. All three indexes gained, fairly good percentage gains supported by good volume increases compared to previous sessions. Volume on the NASDAQ was up 20% while volume on NYSE was up 87% – Happy investing.

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Regular Market Day Features

Beginner Investor’s (Canadian stocks) Watchlist

Blended Growth Stocks Watchlist  

EV, Energy and Resource Stocks Watchlist

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