world economy: In New York, markets were solidly lower for a second consecutive session following a big pullback Friday that had also been sparked by worries over a possible debt default by Greece and its affect on the euro and the world economy, according to The Toronto Star. The Dow Jones industrial average lost 107.67 points to 17,791.17, the Nasdaq was down 21.13 points at 5,029.97 and the S&P 500 declined 9.68 points to 2,084.43. The S&P/TSX composite index closed up 14.90 points at 14,756.05, while the Canadian dollar lost 0.04 of a U.S. cent to close at 81.19 cents. Optimism over the Greek debt crisis turned sour last Thursday after the International Monetary Fund walked away from the talks, citing lack of progress. Those expectations are now fading. New talks were arranged for the weekend with hopes than the outline of a deal could emerge in time for a meeting of the 19 eurozone finance ministers in Luxembourg on Thursday.
(news.financializer.com). As
reported in the news.
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