The Canadian Vanguard Stock Market Report – Tuesday, March 18, 2025
.
NASDAQ sank today as Technology stocks got hit hard
(Follow us for Data-Driven Analysis and Insights To Guide Your Trading and Smart Investing)
.
The Toronto Market
The TSX composite index was down -79.04 points or -0.32% to close the session at 24,706.07. The market was down after two consecutive session of gains. The TSX is down today but today at the TSX feels like a regular market but the market ended the session down compared to yesterday. The rally is very much alive but remains unconfirmed since we need an up day with big volume increase compared to the previous session to confirm an uptrend. The TSX index show some resilience closing well above the session’s low. The market session today was relatively tame but decisive.
Today’s Statistics: The issues that declined (Decliners) outnumbered those that gained (Advancers) today. There were three Decliners for every two Advancers or a more exact ratio of 1.54-to-1.0. In real numbers, there were 1,125 Decliners to 731 Advancers while 123 stocks remained Unchanged.
Today, there were 93 new 52-Week Highs and 28 new 52-Week Lows. On Friday, there were 96 new 52-Week Highs and 16 new 52-Week Lows
The total volume of shares traded at the TSX today was 374,298,849 or 2% less compared to the volume of 380,951,233 shares traded on yesterday.
.
The US Markets
The Dow Jones Average index was up -260.32 points or -0.62% to close at 41,581.31. The S&P 500 index declined -60.46 points or -1.07%. The Nasdaq Composite was down -304.55 points or -1.71%, to close at 17,504.12. Technology stocks got hit hard again today.
The Market Breadth: Technology stocks got hit hard again today. Only three of the major sectors ended the session gaining. Energy, up a mere 0.25%, was the top sector today. Basic Materials was up 0.05% and Telecommunications Services, up 0.04%, was the only other sector to end the session with a gain today. Financials was down barely, a mere -0.04%; Industrials was down -0.61%; Utilities was down -0.88%; Durable Consumer Goods & Services was down -1.05%; and Discretionary Consumer Goods & Services was down -1.59%. Technology, down -1.78%, was the laggard. One message was very clear today at the North American markets, “Avoid losses – stay away from Technology stocks for now”.
Industry Groups: The top five industry groups at the US markets today were: Coal, up 3.76%; Managed Health Care, up 1.14%; Oil & Gas Drilling, up 1.00%; Diversified Trading & Distributing, up 0.96%; and Retail Drugs, up 0.89%.
Today’s Market Statistics: At the NYSE, the issues that declined (Decliners) outnumbered the issues that gained (Advancers). There were roughly two Decliners for every Advancer or an exact ratio of 1.70-to-1.0. In actual numbers, there were 2,571 Decliners to 1,523 Advancers with 333 Unchanged.
There were 124 new 52-Week Highs and 74 new 52-Week Lows. There were 149 new 52-Week Highs and 48 new 52-Week Lows. The bulls, showed more influence at the market today.
The total volume of stocks traded at the NYSE today was 4,740,808,775 or 7% less, compared to the volume of 5,106,545,306 shares traded yesterday.
On the NASDAQ, the Decliners outnumbered the Advancers. There were two Decliners for every Advancer or an exact ratio of 1.92-to-1.0. In actual numbers, there were 2,881 Decliners to 1,502 Advancers with 258 Unchanged.
Today, there were 60 new 52-Week Highs and 155 new 52-Week Lows. Yesterday, there were 95 new 52-Week Highs and 113 new 52-Week Lows.
The total volume of shares traded at the NASDAQ was 6,592,352,975, or 2.5% more, compared to the volume of 6,432,013,812 shares traded yesterday.
Oil Price: U.S. crude oil fell 1% to $66.90 a barrel this afternoon. Oil price was down further this evening and was at $66.63 a barrel as of the time (11:30pm EDT, Tuesday) of this post update.
10 –year Treasury Yield: The 10-year Treasury yield was down two basis points earlier this afternoon but was at 4.296% as of the time (11:30pm EDT, Tuesday) of this post update.
After-hours action: Futures were up this evening in the after-hours market as investors await Federal Reserve’s rate decision tomorrow afternoon. The Dow Futures was little changed at 0.07% vs. fair value. S&P 500 futures was at 0.11%, and Nasdaq 100 futures was up 0.18% as of the time (11:30pm EDT, Tuesday) of this post update.
.
Regular Market Day Features
Beginner Investor’s (Canadian stocks) Watchlist
The market was bearish today and all the stocks in this watchlist ended the session in red, but look again, the story is not that bad at all. It is time to keep an eye on the big six banks.
Blended Growth Stocks Watchlist
Gold and Gold miners defied recent market choppiness.
EV, Energy and Resource Stocks Watchlist
Tesla Inc. (TSLA) stock continues to decline. The stock has declined 45% since February 1st.
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.
SUBSCRIPTION Offer: We thank you for following our Stock Market reports but please be aware that we shall soon be restricting these articles to subscribers only.
We do not send this publication by email to readers. If you receive a copy by email please simply forward the email to us.
Our reports are composed by humans after proper analysis and detailed research. It is neither AI nor machine generated.
