Toronto stocks moved higher Thursday, setting a fresh record high close, on the strength of higher oil and gold prices.

The S&P/TSX composite index gained 42.10 points, or 0.29%, to 14,325.76.

Six of the 10 TSX main sub-groups were down. However, the key energy index was up 1.00% on the session.

Light, sweet crude for August delivery gained 87¢, or 1.2%, to US$75.92.

Nexen Inc. gained $1.38, or 4.00%, to $35.85.

The materials index gained 0.74%, while the gold sub-index gained 1.75%.

Gold for August delivery ended $4.40 higher at US$678.10 an ounce.

Kinross Gold Corp. moved up 6¢, or 0.41%, to $14.86.

On the downside, industrials declined 0.1% after surging 4% in the previous session.

After takeover talk surrounding Canadian Pacific Railway boosted it and Canadian National Railway on Wednesday, the companies were two of the biggest weighted losers on Thursday.

CPR fell 30¢, or 0.3%, to $88.71, while CNR slipped 57¢, or 0.9%, to $60.08.

The S&P/TSX Venture composite index moved up 25.65 points, or 0.78%, to 3,318.99.

The Canadian dollar was up 0.08¢ to US95.81¢.

In New York, markets were up on strong earnings reports.

The Dow Jones industrial average gained 82.19 points, or 0.59%, to 14,000.41, setting a record high and breaking the 14,000-point barrier for the first time in history.

The S&P 500 was up 6.91 points, or 0.45%, to finish at 1,553.08. The Nasdaq composite index was up 20.55 points, or 0.76%, to close at 2,720.04, after earlier hitting 2,724.74, its highest in six-and-a-half years.

After the closing bell, Google reported profit that fell short of consensus expectations, despite rapid international growth and gains in market share over rivals.