The Toronto Stock Exchange’s main index plunged more than 155 points Friday, as investors moved to lock in profits one day after the index set an all-time record high.

The S&P/TSX composite index dropped 155.50 points, or 1.19%, to 12,866.27, dropping well below the 13,000-point plateau it had breached for the first time yesterday. For the week, the market was down 0.26%

Seven of the 10 TSX main sub-groups closed lower.

The energy index sank 2.32%, despite a higher price for oil. Light, sweet crude futures finished up 92¢ to US$63.43 a barrel.

EnCana Corp. dropped $3.60, or 5.93%, to $57.09.

The materials index fell 2.01%, while the gold sub-index fell 3.04%.

Gold was lower, with the front-month contract losing $11.80 cents to US$619.10.

Bema Gold Corp. fell 27¢, or 4.49%, to $5.74.

The financials index gave up 0.54%. Royal Bank of Canada shed 55¢, or 1.00%, to $54.50.

The Canadian dollar was up 0.03 of a cent at US86.41¢.

The S&P/TSX Venture composite index dipped down just 1.22 points, or 0.04%, to 2,812.77.

In New York, markets advanced following the release of economic data that suggested inflation pressures are in check.

The Dow Jones industrial average closed up 28.76 points at 12,445.52, after posting an intraday high of 12,454. The S&P 500 rose 1.60 points to 1,427.09, while the Nasdaq composite index gained 3.35 points to 2,457.20.

For the week, the Dow lifted 1.1%, the S&P 500 advanced 1.2% and the Nasdaq rose 0.8%.