North American stock markets regain some of the ground lost earlier this week

North American stock markets shot higher in early trading, regaining some of the steep losses from earlier this week.

The S&P/TSX composite index was up 107.19 points at 15,424.32, shortly after the trading day began.

In New York, the Dow Jones industrial average was up 364.52 points at 25,417.35. The S&P 500 index was up 42.18 points at 2,770.55, while the Nasdaq composite was up 168.49 points at 7,497.55.

The Canadian dollar traded higher at 76.83 cents US compared with an average of 76.70 cents US on Thursday.

The November crude contract was up 59 cents at US$71.56 per barrel and the November natural gas contract was down 2.9 cents at US$3.193 per mmBTU.

The December gold contract was down US$2.50 at US$1,225.10 an ounce and the December copper contract was up 1.85 cents at US$2.8215 a pound.

While up more than 1 per cent, major U.S. stock indexes are still on track for their biggest one-week loss since late March.

With a file from Associated Press.

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