The benchmark index of the Toronto Stock Exchange closed the week on the downside despite a slight increase to the energy sector.

The S&P/TSX composite index fell 96.38 points, or 0.71%, to close at 13,496.53.

Six of the TSX’s 10 main subindices were on the downside Friday, with the information technology sector down 4.42% after Nortel Networks Corp. reported a second-quarter loss of US$113 million, even though its revenue rose 2% to $2.62 billion.

The energy subindex rose 0.92% on oil moving ahead US$1.02 to US$125.10 a barrel.

The junior S&P/TSX Venture composite index rose 13.97 points, or 0.63%, to 2,238.11 points.

The Canadian dollar slipped 0.30¢ from Thursday’s close to end the week at US97.36¢.

In New York, U.S. stocks fell after General Motors Corp. reported a disturbing loss of US$15.5 billion in the second quarter. In addition, the U.S. jobs report, which revealed that 51,000 jobs were lost in July, also had a negative impact.

The Dow Jones industrial average tumbled 51.70 points, or 0.45%, to 11,326.32. The S&P 500 dropped 7.07 points, or 0.56%, to 1,260.31. The Nasdaq composite index slipped 14.59 points, or 0.63%, to 2,310.95.