North American markets lost ground Friday as the day’s batch of earnings reports intensified investor concern over corporate profits.

The S&P/TSX composite index slipped 14.74 points, or 0.18%, to finish at 8,383.31. Seven of the TSX’s 13 sub-indexes finished in the black, including the financials, which added 0.17%. However, that wasn’t enough to hold the index above water.

The junior S&P/TSX Venture composite index shed 10.51 points, or 0.70%, to close at 1,499.08.

The Canadian dollar slid 0.28 of a cent to US75.68¢.

In New York, stocks tumbled after disappointing earnings reports from Coca-Cola Co. and Microsoft Corp.

The tech-heavy Nasdaq composite index slid 39.97 points, or 2.12%, at 1,849.28, hitting a fresh low for the year.

The Dow Jones industrial average dropped 88.11 points, or 0.88%, to 9,962.36, closing below the key 10,000 level for the first time in two months.

The S&P 500 Index dropped 10.64 points, or 0.97%, at 1,086.20, marking its sixth consecutive week of losses.

For the week, the Dow was down 1.75%, while the Nasdaq fell 1.8% and the broad S&P 500 was off 1.4%.

The Dow is now down more than 4% for the year, the Nasdaq down 7%and the S&P 500 is down 2%