Toronto stocks closed higher Thursday, spurred forward by higher resource prices and a solid day in financial sector.

The S&P/TSX composite index shot forward 94.62 points, or 0.79%, to 12,060.62.

Six of the 10 TSX main sub-groups were up, with the energy sector gaining 1.77%.

The November contract for light, sweet crude ended up 85¢ at US$58.50 a barrel on news that OPEC would cut production.

Nexen Inc. gained $1.54, or 2.55%, to $61.85.

The materials sector rose 1.46%, while the gold sub-sector spiked 3.21%

Glamis Gold moved up $1.86, or 4.36%, to $44.53.

The benchmark December contract for gold ended up $9.90 at US$602.50 an ounce.

The Canadian dollar was ahead 0.65 of a cent to US88.65¢.

The S&P/TSX Venture composite index also had a strong session, posting a gain of 22.98, or 0.95%, to 2,453.41.

In New York, solid earnings news helped investors overcome concern over the domestic economy’s health. In the process, the Dow Jones industrial avera set a record high.

The Dow rose 19.05 points to 12,011.73, closing above the 12,000-point threshold for the first time ever.

The Nasdaq composite index inched ahead 3.79 points to 2,340.94, while the S&P 500 Index ended essentially flat, up 0.94 point to 1,366.90.