Toronto stocks closed broadly lower Friday as crude oil futures climbed above US$55. The S&P/TSX composite index fell 65.85 points or 0.74% to 8,780.80.

Nine of the index’s 10 main sectors fell, with energy the only group to end the day on a positive note.

The heavily weighted financial group, which makes up a third of the index, slumped 1.21%. Royal Bank lost 70¢, or 1.12%, to $61.53. Manulife Financial dropped 97¢, or 1.77%, to end at $53.98.

Disappointing revenue forecasts from U.S. software maker helped drag Toronto technology stocks down 1.74%. Research In Motion (lost $5.06, or 4.55%, to end at $106.11 and Cognos shed $1.27, or 2.72%, to $45.50.

Energy stocks finished 0.24% higher on the strength of record-setting oil prices, which ended over $55 a barrel.

Shell Canada (gained 70¢, or 0.92%, to $76.70. Nexen Inc. climbed 46¢, or 0.84%, to $55.35

The S&P/TSX Venture Composite Index of small-cap issues rose 5.78 or 0.35% to 1,663.23.

The Canadian dollar rose to its highest level in more than a decade, to US81.11¢ vs the U.S. dollar.

On Wall Street, U.S. stocks traded lower as a new record high for crude reignited concern over the impact of rising energy prices on economic growth.

Blue chips ended at a new low for the year Friday and the Nasdaq lost 2% in a week.

The Dow Jones industrial average posted a triple-digit decline to end just off its low for the session, down 107.95 points, or 1.09%, at 9,757.81.

The Nasdaq composite index fell 38.48 points, or 2%, to 1,915.14 on a broad selloff in technology shares.

The S&P 500 shed 10.75 points, or 1%, to 1,095.74.

On the week, the Dow fell 1.8%, the Nasdaq eked out a gain of 0.2% while the S&P 500 fell 1.1%.