Toronto stocks fell back Monday, led by a drop in materials and energy issues as investors locked in profits after the S&P/TSX composite index rose above 14,000-level late last week.

Toronto’s benchmark index closed down 100.54 points, or 0.7%, at 13,903.28. On Friday, it hit a record 14,009.30.

Overall, seven of the 10 TSX main groups were lower, led by a 2.3% drop in the materials group amid weakness in some metal prices as investors took in profits.

Shares of Goldcorp fell 85¢, or 3.2%, to $26.10, while Barrick Gold slipped 61¢, or 1.8%, to $32.89.

Energy shares lost 0.7% despite a slight rise in U.S. crude oil prices, which settled up 9¢ at US$62.46 a barrel.

Canadian Natural Resources shed 88¢, or 1.2%, to $69.90, while Suncor Energy slipped 61¢, or 0.7%, to $92.20.

Also weighing on the market was autoparts marker Magna International, which led the consumer discretionary group down 0.9% on news that it had failed in its attempt to buy DaimlerChrysler’s Chrysler division.

Magna was down $3.03, or 3.2%, at $90.47.

The health-care group was down 0.6% as Biovail dropped 60¢, or 2.2%, to $26.90. The company said on Monday it had received a notice from the U.S. Securities and Exchange Commission saying the regulator was expanding its investigation into accounting irregularities at the drug maker.

On the upside, financials rose 0.2%. Royal Bank shares were up 19¢, or 0.3%, at $59.49, while Bank of Nova Scotia rose 41¢, or 0.8%, to $53.34.

The junior S&P/TSX Venture composite index lost 35.93 points to 3,309.65.

The Canadian dollar advanced 0.42 of a cent to US90.33¢.

In New York, markets closed mixed. Blue-chip stocks rose on the news that DaimlerChrysler had found a buyer for its beleaguered Chrysler, but renewed concerns about the economy pushed down the broader market.

The Dow Jones industrial average was up 20.56 points, or 0.15%, at 13,346.78. The S&P 500 dipped 2.69 points, or 0.18%, at 1,503.16. The Nasdaq composite index fell 15.78 points, or 0.62%, at 2,546.44.