Toronto stocks were mixed Friday as crude-oil futures climbed above US$55. Crude for December hit an intraday record of US $55.39 a barrel on the New York Mercantile Exchange.

At midday, the S&P/TSX composite index was up 11.80 points to 8,858.45 on volume of 119 million shares.

Seven of the 10 TSX groups were higher, but only the energy group was up more than 1%.

In the energy group, Encana shares rose 43¢ to $61.64.

The heavily weighted financial services index was down 0.29%.

In earnings news, Falconbridge said it earned US$155 million in the third quarter — eight times its profit for the same time last year. Falconbridge shares rose. Despite the increase in profit, Falconbridge shares slipped 5¢ to $31.95.

Shares of Falconbridge’s parent company Noranda added 45¢, or 2.17%, to $21.22.

The junior S&P/TSX Venture composite index was up 2.86 points at 1,660.31.

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

On the earnings front, Google shares soared on a strong third quarter performance, but Microsoft and Amazon were under pressure as their results failed to impress.

At midday, the Dow Jones industrial average was down 22.22 points at 9,840.54. Dow component Microsoft fell 1.9% on analyst concern over its second quarter outlook.

The tech-heavy Nasdaq composite index fell 15.43 points to 1,938.19 after closing out the prior session at a two-week high.

The broader S&P 500 was off 2.16 points at 1,104.33.