The Canadian Vanguard Stock Market Report – September 20-22, 2024 Weekend

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Your Data-Driven Stock Market Analysis And Report –  The investor’s readiness guide for the week of September 23, market sessions.

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The Toronto Market

The TSX today, gained a paltry 1.10 points or 0.00% to close the market session at 23,867.37.

                                                                                                                                              

The Market Spread: Five of the major sectors ended the session with gains. Basic Materials was the leading sector on Friday, up 0.92%. Durable Consumer Goods & Services, Utilities and Telecommunications Services were up 0.78%, 0.38% and 0.26% respectively. The focus on Friday for the investors appear to be safety or risk averse. Financials gained barely at 0.03%. Technology, up 3.05% on Thursday was down -0.29% on Friday. Energy, Healthcare and Industrials declined.

For the week, Technology was up 4.30%; Healthcare was up 2.31%; Basic Materials was up 1.88%; Financials was up 1.85%; Discretionary Consumer Goods & Services was up 1.84% and Energy was up 1.57%. Telecommunications Services was down -0.82% and Durable Consumer Goods & Services was down -2.10%.

The Industry Groups:  Consumer Electronics was up 8.82%; Retail – Apparel & Accessories was up 4.39%; Highways & Railtracks was up 1.99%; Precious Metals & Minerals was up 1.94% and Tires & Rubber Products gained 1.85%.

Today’s Statistics: Friday, the declined issues (Decliners) outnumbered the gaining issues (Advancers) by a ratio of 1.14-to-1.0 or for every eleven Decliners there were ten Advancers. In real numbers, there were 946 Decliners to 828 Advancers with 174 Unchanged.

The total volume of shares traded at the TSX on Friday was 888,437,061, a 2.45% increase from the volume of 362,199,874 shares traded on Thursday.  Friday was a triple witching day so normally the volume of shares traded will be much higher than on other regular market days. Statistically, Friday’s volume should simply be ignored.

Today, there were 191 new 52-Week Highs and 7 new 52-Week Lows. Yesterday, there were 415 new 52-Week Highs and 10 new 52-Week Lows.

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The US Markets

The Dow Jones Industrial Average gained 38.17 points or 0.09%, to close the market session at 42,063.36. The S&P 500 index declined -11.09 points, or -0.19%, to close at 5,702.55. The Nasdaq Composite was down -65.66 points or -0.36%, to close the session at 17,948.32.

The Spread: Utilities, up 2.12% was the leading sector at Friday’s market session. Durable Consumer Goods & Services was up 0.14% and Telecommunications Services eked out a 0.04% gain. All the other major sectors declined at the session. Technology was down -0.35% ; Financials was down -0.36%; Industrials declined -0.63% and Basic Materials declined -0.73%.

For the week, seven of the major sectors gained. Energy was up 2.96%; Basic Materials gained 2.18%; Technology was up 1.72%. Telecommunications Services was down-0.98% and Durable Consumer Goods & Services was down –0.98%.

The Industry Groups: Paper Products was up 4.86%; Footwear was up 4.37%; Utilities – Electric was up 2.62%; Retail – Computers & Electronics was up 2.47% and Coal was up 2.36%.

Today’s Market Statistics: Friday, the declined issues (Decliners) outnumbered the gaining issues (Advancers) on the NYSE. The ratio of Decliners to Advancers was 1.66-to-1.0 or for every three Decliners there were two Advancers. In actual numbers, to 2417 Decliners to 1,458 Advancers with 316 Unchanged.

Friday, there were 424 new 52-Week Highs and 30 new 52-Week Lows. Yesterday, there were 830 new 52-Week Highs and 35 new 52-Week Lows.

The total volume of stocks traded at the NYSE on Friday was 4,081,557,609,  95% higher than the total volume of shares traded on Thursday.

On the NASDAQ, the Decliners outnumbered the Advancers by roughly a ratio of 2.0–to-1 or for every two Decliners there was one Advancer. In actual numbers, 2,781 Decliners to 1,473 Advancers with 281 Unchanged.

Friday, there were 185 new 52-Week Highs and 120 new 52-Week Lows. On Thursday, there were 402 new 52-Week Highs and 95 new 52-Week Lows.

The total volume of stocks traded at the NASDAQ Friday was 10,410,360,576, 82% higher compared to a total volume of 5,716,036,304 shares traded on Thursday.

Oil Price:  Crude oil futures rose 0.79% to $71.56 as at the time of this post Sunday night.

10 –year Treasury Yield:    The US 10-year Treasury yield closed at 3.724%, down from Thursday’s close of 3.732%, while the five-year yield closed at 3.481%, down from 3.498%.

Market Roundup Report:  The market, on Thursday, gave investors the go-ahead to be fully invested if they wish to. On Friday, that did not change. Sunday night, Dow Jones futures are little changed, while S&P 500 futures and NASDAQ futures rose modestly. The Dow closed at record levels Thursday and Friday following the Fed rate cut announcement on Wednesday. All indications are that the Bulls remain in charge.

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Regular Market Day Features

Beginner Investor’s (Canadian stocks) Watchlist

Beginner  Blended Growth Stocks Watchlist.

EV, Energy and Resource Stocks Watchlist 

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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