The Canadian Vanguard Stock Market Report – Weekend, January 31 – February 2, 2025
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Your Data-Driven Stock Market Analysis And Report – the investor’s readiness guide for the week of February 3 market sessions.
(Updated regularly throughout the weekend)
The Toronto Market, Friday 
The TSX composite index tumbled -275.15 points or -1.07% to close the market session at 25,533.10. On January 31, 2024 the TSX closed at 21,022. That was 4,511 points ago! Volatility returned today. Given that the TSX has been on a roll for some sessions, we shall for now take today’s market action as a pullback. There was no volume increase today, so it was a normal pullback – and after several consecutive sessions of gains, a pullback was sort of expected since nothing man-made keeps going up forever.
The Market Breadth: All ten major sectors of the TSX declined on Friday except Utilities which gained a paltry 0.23%. Durable Consumer Goods & Services decline -0.47%; Financials declined -0.68%; Telecommunications Services was down -0.72%; Healthcare was down -1.05%; Technology declined -1.24%; Basic Materials which was top performer for two consecutive session this week was down -1.33%. Energy was down -2.14% bringing up the rear for the sectors.
Industry Groups: The top five industry groups today were: Electrical Components & Equipment, up 13.16%, was the top industry on Friday. Computer Hardware was up 6.43%; Auto & Truck Manufacturers was up 5.11%; Home Furnishing was up 4.50%; and Heavy Electrical Equipment was up 4.01%.
Today’s Statistics: Today, the issues which declined (Decliners) outnumbered the issues which gained (Advancers). There were three Decliners for every two Advancers or a more exact ratio of 1.52-to-1.0. In real numbers, there were 1,226 Decliners to 804 Advancers while 124 stocks remained Unchanged.
Today, there were 258 new 52-Week Highs and 20 new 52-Week Lows. By comparison, there were 330 new 52-Week Highs and 15 new 52-Week Lows on Thursday. The TSX rally paused today, of course we have to wait to find out whether it is for a session or will persist for a few sessions.
The total volume of shares traded today, Friday at the TSX was 363,608,185 or roughly the same as the volume of 365,696,285 traded on Thursday.
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The US Markets
All three major indexes declined today. The Dow Jones Index declined -337.47 or -0.75%, to close at 44,544.66. The S&P 500 index declined -30.64 points or -0.50% to close at 6,040.53. The Nasdaq Composite was down -54.31 points or -0.28%, to close at 19,627.44. The S&P 500 remains above the 6000 level while the NASDAQ recessed slightly away from the 20,000 level, a level that is now a bona-fide resistance level.
The Market Breadth: All of the major sectors ended the market session on Friday declining. Discretionary Consumer Goods & Services declined -0.32%; Technology declined -0.35%; Healthcare declined -0.45%; Telecommunications Services declined -0.56%; and Financials declined -0.61%. Basic Materials and Energy were the bottom performers and were down -1.03% and -2.37% respectively.
Industry Groups: Textile & Leather Goods gained 2.24%; Retail – Catalog & Internet Order was up 1.12%; Chemicals – Diversified was up 1.06%; Utilities – Water & Others was up 0.46%; and Auto & Truck Manufacturers gained 0.43%.
Today’s Market Statistics: At the NYSE, the number of issues which declined (Decliners) was greater than the number of issues which gained (Advancers). There were eleven Decliners for every five Advancers – slightly more than double or an exact ratio of 2.30-to-1.0. In actual numbers, there were 2,881 Decliners to 1,252 Advancers with 321 Unchanged. The market today leaned in the other direction – bearish when compared to Thursday’s session.
Friday, there were 231 new 52-Week Highs and 54 new 52-Week Lows. By comparison, on Thursday, there were 254 new 52-Week Highs and 52 new 52-Week Lows.
The total volume of stocks traded at the NYSE today, Friday was 4,953,321,902 or 5% more than the volume of 4,701,038,904 shares traded on Thursday.
On the NASDAQ, the Decliners outnumbered the Advancers. There were two Decliners for every Advancer or an exact ratio of 2.0-to-1.0. In actual numbers, 2,913 Decliners to 1,491 Advancers with 241 Unchanged.
Today, there were 119 new 52-Week Highs and 102 new 52-Week Lows. By comparison, yesterday there were 161 new 52-Week Highs and 113 new 52-Week Lows.
The total volume of shares traded at the NASDAQ today was 8,337,633,474, or 20% more when compared to the volume of shares traded on Thursday.
Oil Price: U.S. crude oil prices rose 11 cents to $72.73 a barrel.
10 –year Treasury Yield: The 10-year Treasury yield fell four basis points to 4.515%.
Market Roundup Report: On Thursday, the market was bullish. Friday, the market reversed direction resulting in fairly bearish session. The bears were very much alive during the market session. The got some help from Mr. Trump’s announcement on imposing 25% trade tariffs on US neighbour countries. Volatility was back. The markets were upbeat earlier in the day with a stocks like Apple Inc (AAPL) up after reporting earnings late Thursday. The markets appeared to not like the idea of tariffs.
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Regular Market Day Features
Beginner Investor’s (Canadian stocks) Watchlist
The Financials declined after the US President’s announcement of tariffs on goods coming from Canada and Mexico.
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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