HomeStock MarketsThe Canadian Vanguard Stock Market Report At Market Close – Thursday, February 27, 2025

The Canadian Vanguard Stock Market Report At Market Close – Thursday, February 27, 2025

The Canadian Vanguard Stock Market Report At Market Close – Thursday, February 27, 2025

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The Toronto Market

The TSX composite index today declined -200.12 points or -0.79% to close the session at 25,128.24. The TSX composite index, like the rest of the North American indexes, suffered some shellacking today. It was a rough market session indeed.

                                                                                             

The Market Breadth:  The Toronto market was negative. Energy was the only sector which managed to end the session gaining. Telecommunications Services was down a marginal -0.01%; Healthcare was down -0.64%; Utilities declined -0.67%; and Financials gained 0.68%. Technology was down -1.21%. Basic Materials sector ended the session at -2.16% bringing up the rear for the sectors.  It was quite a negative session.

Industry Groups:  The top five industry groups and their performance at the market today were: Beverages – Brewers up 3.72%; Office Equipment up 3.58%; Personal Services gained 1.97%; Marine Transportation up 1.95%; and Retail Drugs up 1.72%.

Today’s Statistics: The issues that declined (Decliners) outnumbered the issues that gained (Advancers). There were roughly nine Decliners for every five Advancers or a more exact ratio of 1.7-to-1.0.  In real numbers, there were 1,210 Decliners to 717 Advancers while 157 stocks remained Unchanged.

Today, there were 73 new 52-Week Highs and 38 new 52-Week Lows.

The total volume of shares traded today at the TSX was 361,237,287.

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The US Markets                 

The Dow Jones Average index declined -193.62 points or -0.45% to close at 43,239.50. The S&P 500 index declined -94.49 points or -1.59% to close at 5,861.57. The Nasdaq Composite collapsed, declining -530.84 points or -2.78%, to close at 18,544.42. The NASDAQ is now thoroughly damaged. It will take weeks, likely months to repair.

The Market Breadth: The US markets’ breadth was narrow. Only two of the major sectors gained during the session. Telecommunications Services, up 0.19%, was the top performer while Durable Consumer Goods & Services followed with a 0.16% gain. Financials declined -0.04%; Energy was down -0.21%; Basic Materials declined -1.38%; Discretionary Consumer Goods & Services declined -1.58%; Utilities declined -2.18%. Technology was bringing up the rear with a hefty -3.30% decline.

Industry Groups:  The top five industry groups at the US markets today were: Marine Port Services gained 7.33%; Insurance – Property & Casualty up 2.02%; Industrial Conglomerates up 1.56%; Insurance – Multiline up 1.55%; and Beverages – Brewers up 1.26%.

Today’s Market Statistics:  At the NYSE, the issues that declined (Decliners) totally outnumbered the issues that gained (Advancers). There were six Decliners for every five Advancers or an exact ratio of 2.43-to-1.0. In actual numbers, there were 2,933 Decliners to 1,207 Advancers with 370 Unchanged.

There were 71 new 52-Week Highs and 198 new 52-Week Lows. The total volume of stocks traded at the NYSE today was 4,444,905,044.

On the NASDAQ, the Decliners outnumbered the Advancers. There were six Decliners for every five Advancers or an exact ratio of 2.75-to-1.0. In actual numbers, 3,280 Decliners to 1,192 Advancers with 215 Unchanged.

Today, there were 70 new 52-Week Highs and 318 new 52-Week Lows.

The total volume of shares traded at the NASDAQ was 7,256,907,761.

Oil Price:    U.S. crude oil prices rose 2.5% to $70.35 a barrel earlier today but the price was down slightly at $69.84 as at the time of this post.

10 –year Treasury Yield:  The 10-year Treasury yield fell a few basis points to 4.24% at the market today. The 10-year yield was at 4.23% as of the time (11:30pm EST) of this update.

After-hours action:   Stock futures are little changed after a market session when the NASDAQ tumbled almost 3%. The Dow futures was up 0.01% vs. fair value. S&P 500 futures was up 0.07% and Nasdaq 100 futures was up 0.09% as of the time (11:30pm EST) of this post.

Market Roundup Report:    The markets are currently not healthy. If you are not in the market currently it may be a smart idea to keep a watch to remain on the market sidelines until the market condition improves and then plunge back in.  NASDAQ was the worst performer of the major indexes at the US markets today. Growth stocks continue to get clobbered. Small caps are not doing any better. Russell 2000 is at a five-month low. It is that time to seriously consider remaining in cash and preserve capital.

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However, the major indexes are currently not healthy and are below their 50-day moving average plots. NASDAQ is actually closer to the 200-day than the 50-day line. That is a really bad one. If you are already in the market and you are sitting on a good cushion of profit you might remain if you are a “buy and hold” type investor but be ready to bail out on short notice before your profit cushion evaporates. The focus for now should be on capital preservation. The market  will, of course, always do what it wishes to do.

 

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Regular Market Day Features

Beginner Investor’s (Canadian stocks) Watchlist

Blended Growth Stocks Watchlist 

It is not a good time to be heavily invested in  technology stocks. The technology sector, down -3.3% was the laggard among the sectors today.  Nvidia Corp (NVDA) declined more than 8% today. Even gold got clobbered. Agnico Eagle Mines (TSX:AEM) was down also.

EV, Energy and Resource Stocks Watchlist   

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