The Stock Market At Close – Monday, November 6, 2023

Today’s Market Report And Analysis For Tomorrow’s Trade And Profitable  Investing.

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The Toronto Market

The Toronto TSX composite index declined -80.91 points or -0.41% to close at 19,743.94. Today, the TSX truncated last weeks’ five consecutive sessions of gains by declining 80 points. The TSX gained at every market session last week.

                                                                                                                                                                   

Durable Consumer Goods & Services  with a gain of 0.82%, was the top performing sector at today’s Toronto market session. Discretionary Consumer Goods & Services was next among the sectors with a gain of 0.15%. Utilities was next with -0.10% decline. Financials declined -0.32%; Healthcare declined -0.39%; Energy declined -0.56% and Technology declined -0.58%.  Basic materials declined -1.09%.  The market declined today but the declines were relatively within reasonable range especially given that the market was on a tear all of last week. The indexes need to “rest and take a breath” before possibly resuming the upward climb and keep the rally going.

Paper Products with a gain of 3.66%;  Coal with a gain of 3.50%;  Semiconductors with a gain of 3.03%; Aluminum with a gain of 2.50% and Home Furnishing with a gain of 2.42% were the top industry performers at the market session today.

Today’s Statistics: The declined issues (decliners) outnumbered the gaining issues (advancers) by a ratio of 1.85-to-1.00.  In real numbers, 924 decliners to 500 advancers with 196 Unchanged. The total volume of shares traded for gaining stocks was 71,073,909 or 25.8%; the total volume for declined stocks was 196,648,044 or 71.3% and 8,129,615 or 2.9% for “Unchanged”.

There were 25 new 52-Week Highs and 13 new 52-Week Lows. It is quite bullish that the new 52-Week Highs doubled the new 52-Week Lows.

The total volume of stocks traded at the TSX today was 275,851,568 compared 333,879,992 on Friday, a 17%, decrease. Today’s volume of 275,851,568 was below the average of the most recent ten-market sessions.

 

The US Markets

The Dow Jones Industrial Average closed up 34.54 points or 0.10%, to close at 34,095.86. The S&P 500 was up a paltry 7.64 points, or 0.18%, to close at 4,365.98. The Nasdaq Composite was up 40.50 points or 0.30%, to close at 13,518.78. The market was choppy today but the indexes managed to close in green.

Healthcare with 0.46% gain;  Technology with 0.45% gain and Durable Consumer Goods & Services with 0.11% gain were the three sectors to close up today. The other sectors ended up in red with Financials  declining -0.71% and Energy declining -0.89% as the worst performing sectors.

Marin Port Services gained 5.81% to lead the top performing industries at today’s market session. Airport Services with 2.35% gain and Steel with a gain of 2.23% were next.

Today’s Market Statistics: Today, the declined issues (decliners) outnumbered the gaining issues (advancers) on the NYSE. The ratio of decliners to advancers on the NYSE was 2.33-to-1. In real numbers, 2,771 decliners to 1,186 advancers with 246 “Unchanged”. The total volume of volume-gaining stocks was 219,960,284 or 23.2%; the total volume of declined-volume stocks was 718,649,978 or 75.7%; and 4,902,061 or 1.1% “Unchanged”. There were 64 new 52-Week Highs and 43 new 52-Week Lows.

The total volume of stocks traded on the NYSE today was 949,358,898 compared to 1,119,017,319 Friday, a 15% decrease. Today’s total volume, of 949,358,898 shares traded was lower than the average of the most recent ten-market sessions.

On the NASDAQ, the decliners outnumbered the advancers today. There were 2,757 decliners to 1,568 advancers with 341 unchanged, a ratio of 1.75-to-1.  The total volume of volume-gaining stocks was 1,343,560,886 or 30.1%; the total volume of declined-volume stocks was 3,092,134,001 or 69.4% and 21,456,434 or 0.5% for “Unchanged”. There were 47 new 52-Week Highs and 113 new 52-Week Lows.

The total volume of stocks traded today was 4,457,151,321 compared to 5,097,993,461 yesterday, a 9.2% increase. The volume of stocks traded today at 4,457,151,321 was higher than the average volume of the most recent ten market sessions.

10 –year Treasury Yield:   The 10-year Treasury yield fell one basis point to 4.65%, a rather marginal decline.

Regular Market Day Features

Beginner Investor’s (Canadian stocks) Watchlist

The Canadian Vanguard Chinese 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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