Worries about sovereign debt, global economic recovery push stock markets lower

The Canadian Press ~ The News
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TORONTO - The Toronto stock market closed lower with buying sentiment held in check by worries about the global economic recovery and sovereign debt issues in Europe.
The S&P/TSX composite index lost 107.82 points to 11,115.3, led by falling financial and commodity stocks.
The drop was the latest leg in a decline that started last month amid concern about China curbing lending.
And doubts about a strong recovery have grown recently on concerns that some European countries, including Greece, Portugal and Spain, might not be able to handle their mounting levels of debt.
The Canadian dollar moved down 0.39 of a cent to 93.07 cents US, while oil gained 70 cents to US$71.89 a barrel.
New York's Dow Jones industrials backed away 103.84 points to 9,908.39, the Nasdaq composite index was down 15.07 points to 2,126.05 and the S&P 500 index dipped 9.45 points to 1,056.74.

Organizations: S&P, TSX, Dow Jones

Geographic location: TORONTO, Europe, China Greece Portugal Spain US New York

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