The Canadian Vanguard Stock Market Report At Market Close – Wednesday, February 12, 2025
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The Toronto Market
The TSX composite index was down -68.72 points or -0.27% to close the market session at 25,563.11. The TSX registered a successive second day of minor decline.
The Market Breadth: Six of the major sectors ended the session gaining compared to three sectors gaining yesterday. Basic Materials was up 1.09%; Telecommunications Services was up 1.09%; Durable Consumer Goods & Services sector was up 0.28%; Financials was up a mere 0.19%; Utilities was up 0.16% and Healthcare was up 0.05%. Technology which was up 0.92% yesterday was down -1.44% today. Energy was down -1.39% and Discretionary Consumer Goods & Services, a rough, quick gauge on retail stocks, was down -0.78%.
Industry Groups: The top five industry groups at the market today are: Leisure & Recreation gained 4.25%; Tires & Rubber Products was up 3.83%; Insurance – Property & Casualty was up 2.99%; Entertainment Production was up 2.42% and Construction & Agricultural Machinery gained 2.27%.
Today’s Statistics: The issues that declined (Decliners) outnumbered the issues that gained (Advancers). There were eight Decliners for every five Advancers or a more exact ratio of 1.62-to-1.0. In real numbers, there were 1,197 Decliners to 736 Advancers while 154 stocks remained Unchanged.
There were 78 new 52-Week Highs and 32 new 52-Week Lows. By comparison, there were 75 new 52-Week Highs and 30 new 52-Week Lows yesterday.
The total volume of shares traded today at the TSX was 335,072,461 or about 2% less compared to the volume of 340,736,505 shares traded yesterday.
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The US Markets
The Dow Jones Average index declined -225.09 or -0.50% to close at 44,368.56. The S&P 500 index was down -16.53 points or -0.27% to close at 6,051.97. The Nasdaq Composite was up, but marginally, a paltry 6.10 points or 0.03%, to close at 19,649.95. Unless when one is involved in really critical analysis, we recommend, for trading purposes and for the major indexes, that our readers treat a daily index gain or decline between -0.06% and +0.06% as noise.
The Market Breadth: Only three of the eleven major US market sectors gained. Durable Consumer Goods & Services gained 0.27%; Technology gained a mere 0.06%; and Healthcare gained 0.05%. Telecommunications Services was down marginally at -0.03%. Financials declined -0.55%; and Utilities gained 0.16%. Discretionary Consumer Goods & Services declined -0.96%. Energy was down -2.18%. Our comment, yesterday about possible rotation to Financials should be ignored. If indeed there was a rotation to Financials, it has turned out to be a one-day event.
Industry Groups: The top five industry groups in the US markets today are: Airport Services gained 2.48%; Leisure & Recreation gained 2.11%; Casinos & Gaming gained 1.96%; Precious Metals & Minerals was up 1.85%; and Auto & Truck Manufacturers was up 1.53%.
Today’s Market Statistics: At the NYSE, the number of issues that declined (Decliners) was higher than the issues that gained (Advancers). There were eleven Decliners for every five Advancers or an exact ratio of 2.20-to-1.0. In actual numbers, there were 2,840 Decliners to 1,304 Advancers with 278 Unchanged. The choppy market and the volatility continue.
There were 114 new 52-Week Highs and 132 new 52-Week Lows. By comparison, yesterday, there were 113 new 52-Week Highs and 82 new 52-Week Lows.
The total volume of stocks traded at the NYSE today was 4,755,959,441 or 7% more, compared to the volume of 4,433,805,290 shares traded yesterday.
On the NASDAQ, the Decliners outnumbered the Advancers. There were three Decliners for every two Advancers or an exact ratio of 1.5-to-1.0. In actual numbers, 2,567 Decliners to 1,864 Advancers with 242 Unchanged.
Today, there were 115 new 52-Week Highs and 212 new 52-Week Lows. By comparison, yesterday there were 92 new 52-Week Highs and 219 new 52-Week Lows.
The total volume of shares traded at the NASDAQ was 8,295,971,562, or 14% less compared to the volume of 9,605,440,481 shares traded yesterday.
Oil Price: U.S. crude oil prices fell today and was at $70.63 a barrel as of the time of this report.
10 –year Treasury Yield: The 10-year Treasury yield jumped 10 basis earlier in the day. The 10-year yield was at 4.609% as of the time of this update. The 10-year yield has been on the uptrend and today’s inflation report did not help.
After-hours action: Stock futures tilted slightly higher. The Dow futures was up 0.22% vs. fair value. S&P 500 futures was up 0.27% and Nasdaq 100 futures was up 0.52% as of the time (11:30pm EST) of this post update.
Market Roundup Report: The volatility continues, extra caution is recommended when trading in this type of market. What has persisted with this market recently is the volatility and choppiness. This market should not be trusted possibly until the 10-year yield reverses its current direction. The 10-year yield has been inching up for several sessions now. Generally when the 10-year yield gets to 4.4 or higher the stock market becomes less attractive for investors given the higher risk-to-reward ratio compared to other investment vehicles.
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Stocks in the News /Stocks To Watch
The US Markets
Three market movers in the after-hours session today after earnings reports were AppLovin Corporation (APP), Robinhood Markets Inc.’s (HOOD) and Reddit Inc.’s (RDDT).
APP stock gained 1.35% or $5.07 to close at $380.32 with 9.4M shares traded during the regular market session today. The stock price vaulted high after the earnings report was released after the regular market session. The application technology platform provider has been a top performer during the past year. It is a stock to keep an eye on or add to one’s watchlist. Of course, the after-hours market is not a guaranteed predictor of market performance at the market session the following or on any other day.
Robinhood Markets Inc.’s (HOOD) stock price was up in the after-hours market after reporting earnings while Reddit Inc.’s (RDDT) stock price was down after releasing earnings reports, also after the close of the regular market session.
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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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