The Toronto Stock Exchange 300 composite index climbed 170.10 points Tuesday, or 2.3%, to close at 7,620.20, propelled by strong gains among technology and metals shares.

All but one of the TSE 300’s 14 sub-indexes closed higher as the tech-heavy industrial products sub-index gained almost 5% and metals and minerals added on 4.2%. Pipelines fell 1%.

Market momentum was overwhelmingly positive as advancing Issues creamed decliners 734 to 364. Market volume was heavy at 219 million shares.

Nortel Networks Corp was the sessions most heavily traded issue, no surprise there. But Nortel volume was heavy with more nearly 20 million shares changing hands. The stock gained 81¢, or 6.5%, to $13.36.

Electronics manufacturer Celestica posted strong gains for a second straight day. Its shares jumped $5.22, or 7.4%, to close at $75.62.

ATI Technologies rose 80¢ to $19.70, while Geac added 17¢ to $7.10.

Noranda led the metals and minerals group, gaining 15¢ to $14.65. Teck Cominco added 37¢ to $11.47.

Bank stocks posted solid gains. TD Bank added $1 to $41, BMO climbed 85¢ to $35.20, Royal advanced 80¢ to $49.95, and CIBC added $1.41 to 55.26. Insurer Manulife Financial jumped 62¢ to $43.20.

Among today’s losers was TransCanada Pipelines, which fell 37¢ to $19.29. CAE slipped 1¢ to $11.15. Rio Alto dropped 5¢ to $20.35.

Today’s rally spread to venture capital stocks, too. The CDNX index jumped 22.96 points to 3,103.38. Trading was active with more than 38 million shares changing hands. Advancers beat out decliners 238 to 210.

In New York, strong gains by technology and oil shares propelled the Dow Jones industrial average well above 10,000 and the Nasdaq composite past 2.000.

The Dow gained 220.45 points, or 2.2%, to 10,114.29, while the Nasdaq added 83.74 points, or 4.3%, to 2,045.84. The S&P 500 rose 25.55 points, or 2.3%, to 1,170.35. The rally builds on big gains Tuesday, when the Dow added 1.3% and the Nasdaq climbed 3%.