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Closing Bell TSX closes higher as investors take in weak US data

TORONTO — The TSX turned around earlier losses and eked out a small gain as investors watched commodity prices fall and took in weak U.S. economic data amid growing skepticism that a meeting of eurozone leaders will produce a meaningful solution to the region’s growing debt crisis.Here are the closing numbersTSX — 11424.70 +0.12% +13.76S&P 500 — 1329.04 -0.21% -2.81Dow — 12602.26 -0.2% -24.75Nasdaq — 2849.49 -0.9% -25.83The S&P/TSX composite index added 13.76 points to 11,424.70 after earlier falling more than 100 points.The Canadian dollar was down 0.69 of a cent at 96.82 cents US after earlier falling as low as 96.50 as traders flocked to less risky assets amid the EU uncertainty.The August crude contract lost $2.52 to US$77.69 a barrel on the New York Mercantile Exchange. The August gold contract fell $28 to US$1,550.40 an ounce, while the July copper contract lost two cents to US$3.33 a pound.Wall Street slumped after the U.S. Supreme Court upheld most of President Barack Obama’s health-care overhaul following an already weak morning, but managed to pare wider, triple-digit losses late in the session.The Dow Jones industrial average shed 24.75 points to 12,602.26 and the S&P 500 fell 2.81 points at 1,329.04, while the Nasdaq dropped 25.83 points to 2,849.49.Here’s the news investors were watching today:RIM to slash 5,000 jobs as new BlackBerry delayed until 2013Malaysia’s Petronas to buy Progress Energy in deal worth $5.5-billionBarclays suffers stock freefall after Libor probe fines; other banks eyedJPMorgan shares slide on report that trading loss could hit US$9-billionCanada’s telecom giants face $19-billion class action suit over system access feesON DECK FRIDAYEU crisis summit continues in Brussels ECONOMIC NEWSCANADA8:30 a.m.Real GDP (April): Economists expect 0.2% rise from the month before, 1.8% year over year Industrial product price index (May): Economists expect no change Raw materials price index (May): Economists expect a decline of 2% UNITED STATES8:30 a.m.Personal income and consumption (May): Economists expect a 0.2% rise in income, no change in spending 9:45 a.m.Chicago purchasing managers index (June): Economists expect a reading of 52.3 9:55 a.m.University of Michigan consumer sentiment index (June): Economists expect a reading of 74.1

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