TSX Wall Street claw back gains after Fridays big selloff

TORONTO — North American stock markets regained some composure as traders reconsidered whether a big pullback late last week was overblown.Toronto’s S&P/TSX index closed up 132.54 points at 13,779.44, although well off its highs of earlier in the day.In New York, the Dow Jones industrial average was up 125.61 points at 16,510.19, also well off its triple-digit high of the day, while the broader S&P 500 advanced 8.94 points to 1,966.97 and the Nasdaq gained 1.72 points to 4,828.95.Indexes in both Toronto and New York suffered big declines on Friday, a day after the U.S. Federal Reserve announced it was standing pat on its trend-setting interest rate. That move, along with Fed comments on the economy, left traders feeling jittery about the strength of the recovery.On commodity markets, the December gold contract fell $5 to US$1,132.80 an ounce. The November contract for U.S. benchmark crude oil was up $1.94 at US$46.96 a barrel.The loonie fell 0.16 of a U.S. cent to 75.50 cents US.

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