The Toronto Stock Exchange’s main index finished flat on Wednesday as strength in energy shares was offset by a decline in the financials group.

The S&P/TSX composite index added just 4.30 points, or 0.03%, to close at 15,073.13.

Three of the 10 main index groups finished higher, including the heavyweight energy and materials sectors, which added 1.03% and 0.4%, respectively.

Energy shares gained as oil futures rose 2% to settle at US$135.71 a barrel on the New York Mercantile Exchange.

EnCana Corp. gained $1.87, or 2%, to close at $97.41. Suncor Energy rose $1.30, or 2%, to $66.85.

The financials group dropped 1.14% after profits plunged at U.S. investment banking giant Morgan Stanley.

In Toronto, TD Bank fell $1.20, or 1.7%, to $67.61. Sun Life Financial dropped 74¢, or 1.61%, to $45.09.

The junior S&P/TSX Venture composite index fell 9.23 points, or 0.35%, to end at 2,628.80.

The Canadian dollar closed at US98.22¢, down from Tuesday’s close of US98.32¢.

In New York, the Dow hit its lowest close in three months as worries over a weak economy, a bleak outlook from FedEx Corp and gloomy news pointing to more trouble in the financial sector rattled investors.

The Dow Jones industrial average .DJI fell 131.24 points, or 1.08%, to at 12,029.06. The S&P 500 shed 13.12 points, or 0.97%, to finish at 1,337.81. The Nasdaq composite index fell 28.02 points, or 1.14%, to end at 2,429.71.