Tech shares buoyed Toronto stocks again Thursday, as investors applauded better-than-expected economic news and reassuring earnings reports.

The TSE 300 gained 107.84 points, or 1.55%, to close at 7,060.11, one month after the September 11 attacks in the United States.

Overall, 12 of the TSE’s 14 sub-indices closed higher. The tech-heavy industrial products sub-index led the way gaining 4.31%.

Among the industrials, Nortel Networks added 14¢ to $8.76, on a volume of 10 million shares. Bombardier rose 7.3% to $13.15. Celestica jumped 9.23% to $56.80.

The influential financial services sub-index gained 0.68%, despite TD Bank shares falling 3% to $37 on news that TD plans to buy back all outstanding shares of discount brokerage TD Waterhouse.

Metals and minerals climbed 3.29%, led by aluminum giant Alcan Inc and coal miner Fording Inc. Alcan climbed $1.30 to $49.30, while Fording gained $1.88, or 8.5%, to close at $23.95.

Market momentum was overwhelmingly postive again today, as advances outpaced declines 680 to 387. Volume was heavy at 148 million shares.

Venture capital stocks rallied this afternoon. The CDNX index closed up 22.55 at 2,879.72. Trading was active on a volume of 25.6 million shares, with 176 advances and177 declines.

On Wall Street, stocks soared, pushing both the S&P 500 and Nasdaq composite index to pre-Sept. 11 levels. Techs stole the show yet again, with chip, Internet and hardware issues up substantially.

The Nasdaq climbed 4.62%, adding 75.21 points to 1,701.47. The Dow Jones industrial average surged 169.59 points, or 1.84%, to 9,410.45. The S&P 500 added 16.44 points to 1,097.