Toronto stocks dipped in late afternoon trading Friday, after U.S. markets shut down early as part of the U.S. Thanksgiving holiday. The S&P/TSX composite index lost 21.11 points to close at 7,859.39. For the week, the TSX finished up 1%

The heavily-weighted TSX financials index fell 0.8% as investors took some profits following a spate of solid bank earnings reports. TD Bank fell 88¢ to $40.95.

Forzani Group shares came in for a beating after the sporting goods retailer reported lower-than-expected profits. Forzani shares were down $1.89 to $16.51.

The TSX gold index was up 0.8% on slightly higher bullion prices and a lower U.S. dollar. Placer Dome rose 65¢ to $23.58.

The mining index rose 2.4%, leading all gaining sectors. Teck Cominco shares were up 86¢ to $17.35 on stronger copper prices.

U.S. stock markets were open for just a half-day of trading. At the 13:00 ET close, the Dow Jones industrial average was up 2.89 points to 9,782.46.

The Nasdaq Composite Index rose 7 points to 1,960.30 as a bullish report on semiconductor sales lifted tech stocks.

For the week, the Dow gained 1.6%, while the Nasdaq rose 3.5%.

The Canadian dollar closed at US76.98¢, still up 0.49 of cent. The weak headline on Friday’s third-quarter GDP report pared some of the loonie’s earlier gains.

Third-quarter GDP came in at a slower-than-expected annual rate of 1.1%. But economists said the numbers underlying those figures showed demand was still high and growth would come in stronger in the fourth quarter.