Stock markets in Toronot and New York posted triple-digit losses on Friday, putting an end to a brutal week that saw market indices tumble.

The S&P/TSX Composite Index lost 132.49 points to close at 9277.12 – its lowest level since Feb. 1.

For the week, the TSX benchmark fell 3.6%

Every sector lost ground Friday, although energy and technology took the brunt of the bruising.

Energy stocks fell 2.45% as crude prices slumped 64¢ to US$50.49 a barrel.

EnCana dropped $2.60 to $79.15; Canadian Natural Resources fell $2.21 to $62.45.

First Calgary Petroleums dropped $2.35 to $15.50. Friday was the deadline for companies to submit bids for a possible takeover.

Technolgy shares dropped 2.16%, hurt by weaker-than-expected earnings report from IBM. Celestica, which counts IBM as a major customer, dropped $1.32 to $13.75.

Nortel edged down 5¢ to $3.18 after it said it would miss another filing deadline. A bigger loss came in ATI Technologies shares, which dropped 87¢ to $19.32.

Financial services lost 1.18%, industrials dropped 1.17%, and materials were down 1.04%.

On Wall Street, the Dow Jones industrial average plunged 191.24 points to end the week at 10,087.51 – its lowest close since Nov. 2. The Dow dropped 374 points on the week, or 3.6% – its biggest one-week loss in two years.

It was the third consecutive day for triple-digit losses in the Dow. That hasn’t happened in more than two years.

IBM shares were off $6.94 to US$76.70. Even a better-than-expected earnings report from GE failed to ignite the market, although GE shares did make headway. They gained 25¢ to US$35.75.

The tech-heavy Nasdaq composite index dropped 38.50 points to close at 1,908.20. For the week, the Nasdaq fell 4.6%.