The Canadian Vanguard Stock Market Report At Market Close – Tuesday, November 5, 2024
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The Toronto Market
The TSX composite index was up 131.84 points or 0.54% to close the market at 24,387.90. The TSX composite made a definitive solid gain today after a few sessions of market’s “indecision” and/or hesitation.
The Market Spread: The market breadth was broad-based. Nine of the ten major sectors advanced today. It was a positive market session. Utilities, up 1.66%, was the top performing sector. Financials was up 0.75%; Healthcare was up 0.53% and Technology was up 0.51%. Telecommunications Services, down -0.40% was the only sector to finish the day in the red.
Industry Groups: Electrical Components & Equipment was up 3.54%; Advertising / Marketing was up 2.75%; Commercial Services & Supplies was up 2.65%; Tires & Rubbers was up 2.38% and Mining & Metals – Specialty was up 2.32%.
Today’s Statistics: Today, the gaining issues (Advancers) outnumbered the declined issues (Decliners). There were two Advancers for every Decliner or a ratio of 1.90 to 1.0. In real numbers, there were 1,178 Advancers and 618 Decliners while 170 stocks remained Unchanged – a clear bullish pull today.
The total volume of shares traded at the TSX today was 313,579,834 or 20% less when compared to the volume of 393,963,228 shares traded yesterday.
Today, there were 43 new 52-Week Highs and 25 new 52-Week Lows. By comparison, there were 36 new 52-Week Highs and 20 new 52-Week Lows yesterday.
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The US Markets
Today, all three indexes advanced as at the close of the market session. The Dow Jones Index was up 427.28 points or 1.02% to close at 42,221.88. The S&P 500 index gained 70.07 points or 1.23%, to close at 5,782.76. The Nasdaq Composite was up 259.19 points or 1.43%, to close the session at 18,439.17.
The Market Spread: The rally was got quite a boost today. The market performance breadth was broad-based. All the major sectors advanced with relatively good gains. Utilities, up 1.87%, was the best performing sector while Healthcare, up 0.53%, was at the bottom of today’s performance hierarchy. Technology was up 1.40%, Financials was up 1.39%, Energy was up 0.76% and Telecommunications Services was up 0.65%. The market session super bullish.
Industry Groups: Tires & Rubber Products was up a whopping 13.67%; Aluminum was up 5.76%; Paper Products was up 3.40%; Engineering & Construction was up 3.345 and Coal was up 3.27%.
Today’s Market Statistics: At the NYSE, the gaining issues (Advancers) outnumbered the declined issues (Decliners). There were nine Advancers for every two Decliners or a ratio of 4.44 to1.0. In actual numbers, there were 3,273 Advancers to 737 Decliners with 298 Unchanged.
Today, there were 180 new 52-Week Highs and 60 new 52-Week Lows. By comparison, yesterday there were 83 new 52-Week Highs and 71 new 52-Week Lows.
The total volume of stocks traded at the NYSE today was 928,094,322 or about 16% more when compared with the total volume of 797,751,624 stocks traded yesterday. The NYSE was lopsidedly bullish today.
On the NASDAQ, the Advancers outnumbered the Decliners. For every Advancer there was a Decliner or a ratio of 2.75 to1.0. In actual numbers, 3,190 Advancers to 1,160 Decliners with 229 Unchanged.
Today, there were 139 new 52-Week Highs and 113 new 52-Week Lows. By comparison, yesterday there were 82 new 52-Week Highs but 140 new 52-Week Lows.
The total volume of stocks traded at the NASDAQ today was 5,924,910,427, or 2% less when compared to the total volume of 6,047,695,393 shares traded yesterday.
Oil Price: Oil price was at $70.55, down 2.04% from the price at regular market close today.
10 –year Treasury Yield: The US 10-year Treasury yield closed at 4.289%, down from Monday’s close of 4.311%, while the five-year yield closed at 4.17%, down from 4.169%. The 10-year yield was rising overnight as traders see Trump having an edge in the election.
Market Roundup Report: Futures are up for the three indexes as traders see Trump likely to do better in the election. Bitcoin was also up. We have to wait to see where we are in the morning.
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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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