The Toronto stock market closed sharply higher amid positive U.S. economic data.

Traders sent the S&P/TSX composite index up 95.91 points to 11,754.61 at the end of a shortened session, before heading off for a four-day Christmas break.

The U.S. Commerce Department said orders for durable goods increased less than expected in November at just 0.2 per cent.

However, excluding volatile transportation orders, durable goods orders rose two per cent from October, double what economists had forecast.

The Canadian dollar was down 0.13 of a cent at 95.25 cents U.S.

The Dow Jones industrial average ran ahead 53.66 points to 10,520.1, while the Nasdaq composite index rose 16.05 points to 2,285.69. The S&P 500 index gained 5.89 points to 1,126.48.