Toronto stocks closed higher Friday, as investors bought back into the market, particularly energy stocks, after a deep drop in share prices in October.

The S&P/TSX composite index finished up 59.06, or 0.57%, to 10,488.77.

For the week, the benchmark index dropped 1%.

The senior exchange has lost 4.75% since the start of the month, down from 11,011.83.

Friday’s trading volume on was 220 million shares.

Six of the 10 TSX main sub-groups were up, with the energy sector rebounding 2.98%, despite a drop in the price of oil.

Light, sweet crude for November delivery slipped 45¢ to settle at US$62.63 a barrel on the New York Mercantile Exchange. Oil refineries in the Gulf Coast region continue to come back on line, and reports indicate supplies are up and demand is easing.

EnCana Corp. lifted $2.15, or 3.83%, to $58.25, while PetroKazahkstan gained $2.20, or 4.32%, to $53.07.

December gold settled at US$471.80 an ounce on the Nymex, down $2 for the session. The sector dropped 1.36%.

The information technology group ticked up 0.07%. ATI Technologies gained 14¢, or 1.04%, to $13.64 after the Ontario Securities Commission dismissed charges of illegal insider trading laid against company founder K.Y. Ho.

The junior S&P/TSX Venture composite index finished up 1.95, or 0.09%, to 2,057.90.

The Canadian dollar was down 0.21 of a cent at US84.26¢.

In New York, encouraging economic news and a good corporate report from General Electric spurred the market forward.

The Dow Jones industrial average gained 70.75, or 0.69%, to 10,287.34, the S&P500 index added 9.73, or 0.83%, to 1,186.57, and the Nasdaq composite index rose 17.61, or 0.86%, to 2,064.83.

The U.S. Labour Department reported that the consumer price index jumped 1.2% last month, but the so-called core rate, which excludes food and energy, rose by 0.1%.

The U.S. Commerce Department reported retail sales rose 0.2% in September.

The University of Michigan’s consumer sentiment index fell to 75.4 from 76.9 in September.

For the week, the Dow ended down 0.04%, the Nasdaq slid 1.22% and the S&P 500 fell 0.8%. So far this month, the S&P 500 has closed higher in only two sessions.