The Canadian Vanguard Stock Market Report At Market Close – Wednesday, February 5, 2025
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The Toronto Market
The TSX composite index vaulted 290.49 points or 1.15% to close the market session today at 25,569.84. The TSX index was up at the opening bell and climbed almost throughout the entire session. It was quite a positive market session.
The Market Breadth: Only one sector of the ten major sectors failed to gain but even then the decline by Durable Consumer Goods & Services sector was a negligible -0.06%. Technology, up a solid 2.1%, was the top sector at the market session. Healthcare, was up 2.06%; Basic Materials was up 1.76%; Telecommunications Services was up 1.41%; Discretionary Consumer Goods & Services was up 1.31%; Financials was up 0.74%; and Energy was up 0.32%.
Industry Groups: Insurance – Multiline was up a whopping 14.49%; Textiles and Leather Goods was up 8.33%; Pharmaceuticals – Generic & Specialty was up 8.29%; Electrical Components & Equipment was up 8.18%; and Industrial Machinery & Equipment was up 6.14%.
Today’s Statistics: Today, the issues which gained (Advancers) outnumbered the issues which declined (Decliners). There were three Advancers for every Decliner or an exact ratio of 3.03-to-1.0. In real numbers, there were 1,455 Advancers to 479 Decliners while 141 stocks remained Unchanged.
Today, there were 126 new 52-Week Highs and 21 new 52-Week Lows. By comparison, there were 57 new 52-Week Highs and 18 new 52-Week Lows yesterday.
The total volume of shares traded today at the TSX was 404,749,453 or 5% more when compared to the volume of 383,062,469 shares traded yesterday.
Market Roundup: The rally continues to gain strength. The TSX gained 1.15% today and that came with a five percent increase of volume of shares traded. That is what we like see – the index gains buoyed by increase volume of shares traded. This rally looks very likely to endure. There is also a good breadth to the market action. All the market sectors are participating including small caps are participating in the rally.
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The US Markets
All three major indexes were up today. The Dow Jones Index was up 317.24 or 0.710% to close at 44,873.28. The S&P 500 index was up 23.60 points or 0.39% to close at 6,061.48. The Nasdaq Composite was up 38.31 points or 0.19%, to close at 19,692.33. Nasdaq has become inconsistent in performance exhibiting quite significant volatility. NASDAQ is heavily weighted with technology stocks and most of those, especially chips manufacturers have become erratic after the DeepSeek company report last week Monday. The Nasdaq composite index currently is the weak one among the three major indexes.
The Market Breadth: Discretionary Consumer Goods & Services, down -0.85%, was the only one of the eleven sectors to decline today. Healthcare was up 1.46%; Telecommunications Services was up 1.20%; and Financials, up 1.02%, had a good session. Utilities was up 1.00%; Industrials sector was up 1.00%; Durable Consumer Goods & Services was up 0.76%; Basic Materials gained 0.37%; and Energy was up 0.12%. The market had a broad-based performance at what was clearly a positive session.
Industry Groups: Semiconductors gained 3.80%; Precious Metals & Minerals was up 2.58%; Computer Hardware was up 2.42%; Biotechnology was up 2.40%; and Leisure Products was up 2.20% to round up the list of the top five in the industry groups today. Arms Holding Plc, up 6.82%, contributed to the 3.8% gain by Semiconductors today, however, the stock crashed in the after-hours market this evening.
Today’s Market Statistics: At the NYSE, the number of issues that gained (Advancers) was greater than the number of issues that declined (Decliners). There were almost three Advancers for every Decliner or an exact ratio of 2.74-to-1.0. In actual numbers, there were 3,004 Advancers to 1,095 Decliners with 304 Unchanged. Today’s data are almost a replica of yesterday’s data in this aspect. It is likely that some stability may be creeping back in to the market’s daily performance. We shall keep an eye on this for our readers.
Today, there were 169 new 52-Week Highs and 46 new 52-Week Lows. By comparison, yesterday, there were 121 new 52-Week Highs and 61 new 52-Week Lows.
The total volume of stocks traded at the NYSE today was 4,861,754,902 or 7% more, compared to the volume of 4,548,272,443 shares traded yesterday.
On the NASDAQ, the Advancers outnumbered the Decliners. There were two Advancers for every Decliner or an exact ratio of 2.11-to-1.0. In actual numbers, 2,993 Advancers to 1,417 Decliners with 232 Unchanged.
Today, there were 166 new 52-Week Highs and 102 new 52-Week Lows. By comparison, yesterday there were 103 new 52-Week Highs and 121 new 52-Week Lows.
The total volume of shares traded at the NASDAQ today was 6,932,763,936, or 3% more when compared to the volume of 6,725,690,619 shares traded yesterday.
Oil Price: U.S. crude oil prices fell 2.3% to $71.03 a barrel. Oil price was at $71.19 as of the time (11pm EST) of this post.
10 –year Treasury Yield: The 10-year Treasury yield tumbled nine basis points to 4.42%. The 10-year yield was at 4.432% as of the time of the time of this report update.
After hours action: Futures are little changed. Dow Jones futures was up 0.23% vs. fair value. S&P 500 futures was up 0.25% and Nasdaq 100 futures was up 0.29% as of the time of this post update.
Market Roundup Report: The market rally looks strengthened but the top performers today were the blue chips. Dow was tops today and looked quite solid. The market volatility has not disappeared so investors should be ready to respond for quick action is required.
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Stock in the News /Stock To Watch
The Toronto Market
Blackberry Ltd (TSX:BB) has completed the acquisition of BlackBerry’s Cylance endpoint security assets to Artic Wolf. Shares of the company has been on the uptrend during recent market sessions. Investors appear to like the idea of Blackberry divesting itself of Cylance.
News reports earlier today mentioned that analyst sees a number of Canadian retailers being more or less sheltered from the harms of Trump’s tariffs “influenced by the origin of manufacturing (China), U.S. sales exposure, and elasticity of demand.” According to the news report “Retailers will pass on the exposure to the consumers, which should ultimately be manageable. Where the real risk lies will be in the duration and its effect on consumer spending power. Based on TD’s coverage, the most exposed are Spin Master, Groupe Dynamite, Aritzia, while Gildan, Canadian Tire, Dollarama and Roots should see limited direct exposure”. We have always followed Aritzia (TSX:ATZ) and Gildan Activewear (TSX:GIL) in this column. The two stocks, from the charts to date, appear to be so far so good. Of course the effective date for the tariff to take effect has been delayed for now.
The US Markets
The DeepSeek company news last week Monday caused a number of stocks, especially technology stocks, to suffer heavy decline at that market session. A few of the the stocks that suffered heavy decline at that session have recovered but most are still struggling to recover. Broadcom Inc. is one stock that has recovered and appears ready to put that event completely in the rear view mirror. The fundamentals for Broadcom Inc are top notch and the chart is also supportive. Broadcom is active in the AI industry but the company has much broader scope, broader than just an AI company. Broadcom is a stock worth keeping an eye on.
Embraer SA (ERJ), the Brazil-based jets manufacturer, today, offered to purchase for cash any and all outstanding 5.400% senior unsecured guaranteed notes due 2027 (the “Any and All Notes”) issued by Embraer Netherlands Finance B.V. (“Embraer Finance”), fully, unconditionally and irrevocably guaranteed by Embraer (the “Any and All Offer”). The stock price was up 14.25% to close at $45.76 with 3.5M shares changing hands today.
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Regular Market Day Features
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Blended Growth Stocks Watchlist
EV, Energy and Resource Stocks Watchlist
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