Toronto stocks ended marginally higher Wednesday, after absorbing a triple-digit loss in the previous session, as the resource sectors rebounded and offset continued investor nervousness in the broader market.

U.S. markets moved higher as well, as did key Chinese exchanges, after yesterday’s global drop, but European and other Asian markets experienced continued weakness.

The S&P/TSX composite index gained 4.91 points, or 0.04%, to 13,045.02. Yesterday, the key index dropped by 364.35 points.

Six of the 10 TSX main groups finished up, with the materials index gaining 0.86%.

Algoma Steel gained $1.02, or 2.07%, to $50.35.

The gold sub-index gained 1.57%. Gold for April delivery finished down $14.70 at US$672.50 an ounce.

Yamana Gold Inc. gained 84¢, or 5.11%, to $17.29.

The energy index was up 0.37%. Light, sweet crude lost 3¢ at US$61.79 a barrel,

Connacher Oil and Gas gained 33¢, or 9.38%, to $3.85 as the company reported higher conventional and bitumen reserves for 2006.

The financials sector lost 0.53%.

Bank of Montreal lost $1.73, or 2.39%, to $70.76.

The S&P/TSX Venture composite index shot forward 61.57 points, or 1.98%, to 3,171.54, after losing rough five percent of its value yesterday.

In New York, markets moved higher as investors, reassured by a bounce back overnight in the Chinese exchanges, sought to buy stocks cheaply.

The Dow Jones industrial average gained 52.39 points to 12,268.63, on a day where the index fluctuated between positive and negative territory. The S&P 500 rose 7.78 points to 1,406.82, while the Nasdaq Composite gained 8.27 points to 2,416.13.

During testimony to a congressional committee in Washington, U.S. Federal Reserve chairman Ben Bernanke said the financial markets appeared to be “working well.”