The Canadian Vanguard Stock Market Report At Market Close – Thursday, April 25, 2024 .
.
Data Driven Stock Market Analysis And Report
The Toronto Market
The TSX advanced 11.66 points or 0.05% to close today’s market session at 21,885.38. Today was quite a negative day at the market. The index opened well below yesterday’s close. The index was down over 200 points early in the session but climbed steadily upwards to close 11 points higher than yesterday’s closing value.
The market opened deep down negative and the market session was quite negative as only three of the major sectors ended the session with gains. Basic Materials was the top performing sector with a quality 1.93% gain. Energy followed with 0.58% gain and Durable Consumer Goods & Services managed to gain 0.03%. Industrials sector was down -0.12%; Financials declined -0.34%; Telecommunications Services declined -0.53%, while Healthcare declined -0.86% and Technology was down -1.91%.
Mining & Metals – Specialty industry was up 3.99%; Home Furnishing was up 3.22%; Air Freight & Courier Services gained 2.41% as the Travel industry continues to do well. Precious Metals & Minerals was up 1.64% and Aerospace & Defense gained 1.60%.
Today’s Statistics: Today, the declined issues (Decliners) prevailed over the gaining issues (Advancers). The ratio of Decliners to Advancers was 2.03-to-1.0 or in practical terms, for every two Decliners there was one Advancer. In real numbers, 978 Decliners to 480 Advancers with 80 Unchanged. The total volume of shares traded for gaining stocks was 170,054,815 or 55.0%, the total volume for declined stocks was 132,273,846 or 42.8% and 6,599,018 or 2.1% for “Unchanged”.
There were 16 new 52-Week Highs and 15 new 52-Week Lows. Yesterday, there were 25 new 52-Week Highs and 5 new 52-Week Lows.
The total volume of stocks traded at the TSX today was 308,927,679 compared to 290,309,550 yesterday, a six percent increase. Today’s volume of 308,927,679 was four percent higher than the average of the ten most recent market sessions.
The US Markets
All the indexes opened deep down negative, well below the previous session closing with the Dow Jones declining -600 points early in the session as the reports showed inflation running at the high end of expectation. The Dow, S&P 500 and Nasdaq by late morning started to climb with the indexes closing well off session lows. The Dow Industrial Average declined -375.12 points or -0.98% – pretty well -1%. The S&P 500 declined –23.21 points, or -0.46%, to close at 5,048.42. The Nasdaq Composite was down -100.99 points or -0.64%, to close at 15,611.76.
Five of the US markets major sectors gained today despite the very negative performance at market open. Energy had the highest gain at 0.60%, while Telecommunication Services, the worst performing sector declined -0.66%. It was a session of relatively narrow range of declines and gains. Basic Materials gained 0.26%; Utilities gained 0.24%; Industrials sector was up 0.11% and Durable Consumer Goods & Services barely stayed positive with 0.01% gain. Healthcare declined -0.44%; Financials declined -0.45% and Technology declined -0.63%.
Precious Metals & Minerals, up 4.15% was the top industry today; Marine Transportation was up 3.37%; Semiconductors industry gained 2.55% – Nvidia Corp (NVDA), Arm Holdings Plc (ARM) and Advanced Micro Devices Inc.(AMD) were all up firmly at today`s market session; Coal was up 2.44% and Airport Services gained 2.25%.
Today’s Market Statistics: Today, the declined issues (Decliners) outnumbered the gaining issues (Advancers) on the NYSE. The ratio of Decliners to Advancers was 2.3-to-1.0 or in practical terms, approximately for every two Decliners there was one Advancer. In real numbers, 2,788 Decliners to 1,213 Advancers with 255 Unchanged. The total volume of shares traded for gaining stocks was 440,350,131 or 41.9%; the total volume for declined stocks was 601,166,937 or 57.2% and 10,064,486 or 1.0% for “Unchanged”.
There were 72 new 52-Week Highs and 85 new 52-Week Lows. Yesterday, there were 80 new 52-Week Highs and 50 new 52-Week Lows.
The total volume of stocks traded at the NYSE today was 1,051,581,554 compared with 987,354,612 yesterday, a 6.5% increase. Today’s volume of 1,051,581,554 is about seven percent higher than the average of the ten most recent market sessions.
On the NASDAQ, the Decliners prevailed over the Advancers today by a ratio of 2.0-to-1 or roughly for every two Decliners there was one Advancer. In real numbers, there were 2,819 Decliners to 1,410 Advancers with 320 Unchanged. The total volume of volume-gaining stocks was 2,216,303,807 or 44.6%; the total volume of declined-volume stocks was 2,708,507,680 or 54.5% and 44,963,065 or 0.9% for “Unchanged”.
There were 37 new 52-Week Highs and 203 new 52-Week Lows. This is quite bearish. Yesterday, there were 55 new 52-Week Highs and 120 new 52-Week Lows.
The total volume of stocks traded at the NASDAQ today was 4,969,774,552 compared to 4,934,584,119 yesterday, a less than 1% increase – really negligible. Today’s volume of 4,969,774,552 is about one percent higher than the average of the last ten market sessions.
10 –year Treasury Yield: The yield on the benchmark 10-year Treasury note leapt to its highest level in five months at 4.698%.
The market outlook remains Market In Early Rally Mode. We think it is best to wait for the rally to gain traction before jumping in. The declined stocks outnumbered the gaining stocks two to one. The market today was quite bearish. Also the indexes were down but the volumes were up.
.
Regular Market Day Features
Beginner Investor’s (Canadian stocks) Watchlist
The Canadian Vanguard Chinese 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 posts 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. We do not, like AI, make things up.
