North American stocks rallied Friday, closing out a strong week, as lower U.S. long bond yields saw investors piling back into the market after last week’s losses.

In Toronto, the S&P/TSX composite index gained 135.42, or 0.97%, to 14,137.41.

For the week, the benchmark index was up 2.46%.

All 10 TSX main groups were up, with the energy index gaining. 1.07% as light, sweet crude rose 35¢ to US$68.00.

UTS Energy Corp. gained 21¢, or 3.65%, to $5.96.

The materials group gained 1.56%, with the gold sub-sector posting a 1.58% gain.

Gold futures gained $2.80 to US$658.70.

Barrick Gold Corp. gained 78¢, or 2.57%, to $31.13.

The financials sector was up 0.39%.

Power Financial Corp. gained 26¢, or 0.63%, to $41.25.

The Canadian dollar ticked ahead 0.04 of a cent to US93.61¢.

The S&P/TSX Venture composite index shot ahead 39.92, or 1.26%, to 3,202.87.

In New York, U.S. stocks rose for a third straight day after tame consumer price data put aside inflation fears.

The U.S. government reported a smaller-than-expected increase in May in the core U.S. consumer price index, which excludes food and energy.

The Dow Jones industrial average gained 85.76 points, or 0.63%, to 13,639.48, the Nasdaq composite index surged 27.30, or 1.05%, to 2,626.71 and the S&P500 moved up 9.94, or 0.65%, to 1,532.91.

For the week, the Dow was up 1.6%, while the S&P 500 was up 1.7% and the Nasdaq was up 2.1%.