The Canadian Vanguard Stock Market Report – December 27 – 29, 2024 Weekend

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Your Data-Driven Stock Market Analysis And Report –  the investor’s readiness guide for the week of December 30 market sessions.

(Updated regularly throughout the weekend)

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The Toronto Market, Friday

Friday was a generally negative market session day. The TSX composite index declined -50.42 points or -0.20% to close the market session at 24,796.40.

                                                                                                                                                                             

The Market Breadth:   Healthcare, Utilities and Financials were up 0.23%, 0.09% and 0.06% respectively to lead the sectors on Friday. That order, except for Utilities which replaced Telecommunications Services would have been an exact repeat of what transpired at Thursday’s market session. Only three sectors gained on Friday, same number as on Thursday. The market breadth continued to remain narrow. Energy was down -0.05%; Durable Consumer Goods & Services was down -0.06%; Basic Materials was down -0.10%; Telecommunications Services was down -0.18% and Discretionary Consumer Goods & Services was down -0.26%. Technology, down -1.19%, was the bottom performer on Friday.

For the week:  Eight of the major sectors gained this week. Energy led the pack with 1.95% gain. Utilities gained 1.56%; Basic Materials gained 1.48%; Financials was up 1.17%; Discretionary Consumer Goods & Services was up 1.01%; Healthcare was up 0.50%; Technology was up 0.45% and Industrials was up 0.03%. It was a good week for stocks but the market breadth each session flashed caution. The rally is not dead but it is ailing. We’ll keep our eyes open in case a Santa Claus rally ignites a broad based market performance.

Industry Groups:   Advertising / Marketing was up 4.22%; Beverages – Non-Alcoholic was up 2.89%; Office Equipment was up 2.52% and Hotels, Motels & Cruise Lines was up 2.22%.

Today’s Statistics: Today, the declined issues (Decliners) outnumbered the gaining issues (Advancers). There were roughly three Decliners for every two Advancers or a more exact ratio of 1.47-to-1.0. In real numbers, there were 1,074 Decliners to 728 Advancers while 187 stocks remained Unchanged.

Today, the total volume of shares traded at the TSX was 327,453,229, or 12% less when compared to the volume of 373,314,012 shares traded on Friday.

Friday, there were 65 new 52-Week Highs and 21 new 52-Week Lows. By comparison, there were 44 new 52-Week Highs and 38 new 52-Week Lows on Thursday.

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The US Markets                                   .                 .

The US markets were totally negative on Friday. The bears were everywhere. The Dow Jones Index shed -333.59 points or -0.77% to close at 42,992.21. The S&P 500 index was down  -66.75 points or -1.11%, to close at 5,970.84. The Nasdaq Composite declined -298.33 points or -1.49%, to close at 19,722.03.

The Market Breadth:   All the major sectors of the US markets ended Friday’s session in the red – i.e. declined. Energy, down -0.03%, was the top performing sector on Friday. Telecommunications Services was down -0.25%;  Durable Consumer Goods & Services was down -0.47%; Utilities was down -0.49%; Basic Materials was down -0.67%; Financials was down -0.84%; Industrials was down -0.87% and Technology was down -1.36%.

For the week:  Nine of the sectors gained this week. Durable Consumer Goods & Services, down -0.17%, was the only sector which failed to gain this week. It was a good week. Technology, up 2.14%, was the top sector on Friday. Energy gained 2.09%; Financials gained 2.01%; Utilities gained 1.82% and Healthcare was up 1.58%. Basic Materials gained 1.29% and Discretionary Consumer Goods & Services gained 1.28%.

Industry Groups:   Consumer Electronics was up 1.30%; Textiles & Leather Goods was up 0.81%; Coal was up 0.34%; Food Processing was up 0.15% and Oil & Gas Exploration & Production was up 0.11%. Stocks struggled on Friday as the bears drove the bulls totally out of the market.

Today’s Market Statistics:  At the NYSE, the declined issues (Decliners) totally outnumbered the gaining issues (Advancers). There were roughly four Decliners for every Advancer or an exact ratio of 3.84-to-1.0. In actual numbers, there were 3,266 Decliners to 850 Advancers with 326 Unchanged. That was bearish.

Friday, there were 48 new 52-Week Highs and 180 new 52-Week Lows – a lopsidedly bearish market. By comparison, on Thursday, there were 100 new 52-Week Highs and 114 new 52-Week Lows.

The total volume of stocks traded at the NYSE today was 804,250,435, or 33% more when compared to the volume of 601,411,764 traded on Thursday.

On the NASDAQ, the Decliners outnumbered the Advancers. There were three Decliners for every Advancer during the market session or a more exact ratio of 2.78-to-1.0. In actual numbers, 3,223 Decliners to 1,157 Advancers with 231 Unchanged.

Friday, there were 94 new 52-Week Highs and 89 new 52-Week Lows.  By comparison, on Thursday there were 92 new 52-Week Highs and 80 new 52-Week Lows.

The total volume of shares traded at the NASDAQ today was 7,994,381,774, or 64% more when compared to the volume of 4,870,085,780 shares traded on Thursday.

Market Roundup Report:  The market was quite bearish on Friday. The only market indicator which was up was the last thing a stock market investor would wish ever goes up, that is the 10-year yield. The rally is not dead but it is not roaring either. It is too early to  declare the Santa Claus rally dead. The 10-year yield remains a complication for the market. It will be wise to be cautious with new stock purchases until the market outlook becomes a bit more stable.

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Regular Market Day Features

Beginner Investor’s (Canadian stocks) Watchlist

Blended Growth Stocks Watchlist  

EV, Energy and Resource Stocks Watchlist  

Tesla Inc. (TSLA) was down 4.95% on Friday. The company will report earnings on January 2 before the market opens. The market was bearish on Friday so a good number of stocks were down. The current strength of the TSLA stock comes from a different set of fundamentals.

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.

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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.