The benchmark index of the Toronto Stock Exchange ended lower Friday, dragged down by a selloff in Research in Motion shares.

The S&P/TSX composite index closed down 73.37 points, or 0.65%, at 11,212.39.

For the week, the index lost 2%.

Investors punished Research In Motion after the company Thursday released an outlook that fell short of analyst forecasts. RIM shares tumbled 16.8% to $75.04 and pulled the TSX information technology group down 5.4%.

Materials fell 3.3%, industrials fell 3.1%, financials fell 1.1% and energy stocks fell 1%.

The junior S&P/TSX Venture composite index edged up 3.28 points, or 0.26%, to finish at 1,259.64.

The Canadian dollar slipped 0.23 of a cent to finish at US$91.60¢.

In New York, U.S. stocks fell after the release of disappointing reports on U.S. durable goods orders and new home sales.

The Dow Jones industrial average closed at 9665.19, down 42.25 points, or 0.4%. The broader S&P 500 closed at 1044.38, down 6.4 points, or 0.61%.

The Nasdaq composite index closed at 2,090.92, down 16.69 points, or 0.79%.

The Dow was down 1.6% for the week while the S&P was down 2.2% and Nasdaq fell 2% for the week.

IE