Toronto stocks dove lower Friday, closing out a negative week, as falling resource prices and nervous investors led the market down.

The S&P/TSX composite index fell 117.86, or 0.91%, to 12,863.27, the fourth-straight session of losses.

For the week, the senior exchange fell 3.60%.

Nine of the 10 TSX main sub-groups were down.

The energy index fell 1.62%. Oil futures gave up 36¢ to $US61.64.

EnCana Corp. was off $1.38, or 2.44%, to $55.26.

The materials index fell 2.49%, while the gold sub-index fell 2.70%.

Kinross Gold Corp. lost 58¢, or 3.66%, to $15.25.

Financials gained 0.34%.

Royal Bank of Canada announced a $1.5 billion first quarter profit, up 27.6 % from the same period last year. RBC shares lifted 98¢, or 1.82%, to $54.86.

Gold futures lost $21.00 to US$644.10 an ounce.

The S&P/TSX Venture composite index sank 70.66 points, or 2.25%, to 3,066.76.

The Canadian dollar also had a tough week, losing 0.32 of a cent to US84.95¢, down 1.32¢ on the week.

In New York, the Dow Jones industrial average fell 120.24 points, or 0.98%, to 12,114.10, the Nasdaq composite index lost 36.21, or 1.51%, to 2,368.00, and the S&P 500 gave up 16.00, or 1.14%, to 1,387.17.

For the week, the Dow fell 4.2%, its worst week since March 2003, while the S&P 500 lost 4.4%, its worst week since January 2003.