Toronto stocks closed lower Friday, as weakness in the broader market offset a strong day in the materials index.

The S&P/TSX composite index fell 13.82, or 0.11%, to 12,631.08.

Seven of the 10 TSX main sub-groups were down, but the materials sector moved up 0.88%, largely on the strength of gold stocks.

Gold for December delivery was up $9.60 at US$638.60 an ounce.

Bema Gold Corp. gained 7¢, or 1.21%, to $5.85.

The energy index fell 0.23%, despite a higher close for the price of oil. Light, sweet crude futures rose 53¢ to US$59.77 a barrel.

Imperial Oil Ltd. fell 54¢, or 1.28%, to $41.65.

The S&P/TSX Venture composite index gained 45.21 points, or 1.68%, to 2,736.88.

In New York, markets moved modestly higher, with volume lower than usual, as the exchanges closed in the early afternoon following yesterday’s Thanksgiving Day break.

The Dow Jones Industrial Index fell 46.78, or 0.38%, to 12,280.17, the Nasdaq composite index dropped 5.72 points, or 0.23%, to 2,460.26 while the S&P 500 index lost 5.15, or 0.37%, to 1,400.94.

For the week, the Dow fell 0.5%, the Nasdaq gained 0.6%, and the S&P 500 ended largely unchanged.