Toronto stocks rallied Friday, as higher resources prices drove the broader market higher.

The S&P/TSX composite index leaped forward 189.48, or 1.62%, to 11,908.57. The market posted a 217.68 point gain for the week.

All 10 TSX main sub-groups were up.

The energy index surged 3.28%.

Light, sweet crude for November delivery closed up 71¢ at US$58.57 a barrel, closing a losing week on a strong note.

Penn West Petroleum Ltd units gained 86¢, or 2.25%, to $39.03.

The materials index moved up 2.52%, with the gold sub-sector gaining 3.78%.

The December futures contract for gold ended up $12.40 at US$592.70 an ounce, gaining 2.8% for the week.

Barrick Gold Corp. moved up 88¢, or 2.66%, to $33.95 CAD.

The Canadian dollar closed down 0.16 of a cent at US87.92¢.

The S&P TSX Venture Exchange shot up 36.52, or 1.55%, to 2,393.35.

In New York, markets moved forward on strong corporate earnings and optimism over the U.S. economy.

The Dow Jones industrial average rose 12.81 points to 11,960.51, yet another record finish. The Nasdaq Composite Index moved up 11.11 points to 2,357.29 and the S&P 500 Index inched forward 2.79 points to 1,365.62.

For the week, the Dow gained 0.9%, the Nasdaq rose 2.5% and the S&P 500 was up 1.2%.