Toronto stocks retreated Friday, after establishing a new record high in yesterday’s session, as the market was weighed down by the energy and financial indexes.

The S&P/TSX composite index fell 84.92, or 0.70%, to finish 12,000.73 in a volatile trading day. Yesterday, the market closed 12,085.65.

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

The energy index dropped 1.34% as light, sweet crude for April delivery closed down 81¢, or 1.3%, at US$62.77 a barrel

Petro Canada fell $1.55, or 2.84%, to $53.00.

Financials gave up 0.83%.

Manulife Financial Corp. fell 59¢, or 0.79%, to $74.00.

Gold for April delivery ended down 30¢ at US$555.10 an ounce.

The Canadian dollar was down 0.45 of a cent at US86.29¢.

The S&P/TSX Venture Exchange index gained 26.22, or 0.99%, to 2,664.73.

In New York, markets made modest gains, despite worrisome corporate news from GM and AIG Inc.

The Dow Jones industrials rose 26.41 points to close at 11,279.65, the Nasdaq Composite Index closed 6.92 points higher at 2,306.48, and the S&P 500 Index rose 1.92 points to 1,307.25.

For the week, the Dow Jones rose 1.8%, while the Nasdaq and the S&P each gained 2%.