A stronger-than-expected U.S. unemployment report boosted markets south of the border on Friday, but declining gold stocks weighed on the TSX.

The S&P/TSX Composite Index fell 21.83 points to close at 7,519.59. For the week, the TSX benchmark rose 1.2%.

The TSX gold index fell 3.3 % after the U.S. dollar rose in the wake of the unemployment figures.

December gold futures fell US$13.70 to US$370 an ounce – the biggest one-day fall in more than six years.

Barrick Gold fell 70¢ to $24.92; Placer Dome shed 54¢ to $18.11; and Kinross Gold slipped 47¢ to $9.61.

The TSX information technology index gained 0.6%; the telecom index rose 0.9%.

Among the most active traders, Nortel gained 4¢ to $5.81; Bombardier lost 4¢ to $5.83.

ATI Technologies bucked the up trend among tech stocks. Its shares fell $1.43 to $20.56 following the release of positive Q3 results. Investors were taking profits in the chip company, which has seen its share price almost quadruple since February.

Biovail shares plunged after the company issued a profit and revenue warning for its third quarter, citing a number of supply and delivery problems. The shares dropped $8.80 to $41.80..

Onex shares rose 53¢ to $15.85 after it announced plans to spin off its Cineplex Odeon and Galaxy theatres into an income trust.

The flight from gold stocks also hurt the junior S&P/TSX Venture composite index. It fell 17.20 points to 1,375.84.

In New York, the Dow Jones industrial average jumped out to an early gain and didn’t looked back. At the close, the Dow was up 84.51 points to 9,572.31. The tech-heavy Nasdaq composite index rose 44.41 points to 1,880.63. The broader S&P 500 climbed 9.61 points to 1,029.85.

For the week, the Dow climbed 2.8%, while the Nasdaq jumped 4.9%. The S&P 500 rose 3.3%.

The Canadian dollar fell 0.19¢ US to 74.37¢ US.