North American stock markets fell to end a volatile week on the impact of OPEC failing to reach a deal to cut oil output along with continued worries about the novel coronavirus outbreak.

The S&P/TSX composite index closed down 378.97 points at 16,175.02.

In New York, the Dow Jones industrial average was down 256.50 points at 25,864.78. The S&P 500 index was down 51.57 points at 2,972.37, while the Nasdaq composite was down 162.98 points at 8,575.62.

The Canadian dollar traded for US74.51¢ compared with an average of US74.54¢ on Thursday.

The April crude contract was down US$4.62 at US$41.28 per barrel and the April natural gas contract was down US6.4¢ at US$1.71 per mmBTU.

The April gold contract was up US$4.40 at US$1,672.40 an ounce and the May copper contract was down US1.25¢ at US$2.56 a pound.