Economic uncertainty is causing fear in the markets.
July 31, 2012- Stock indexes in the U.S. fell on Monday after opening higher. Investors seemed to be worried about the weakness of the economy in both Europe and the United States. The Dow closed 2.65 points down for the day. The S&P 500, a broader index, opened higher and was still in the black during late morning, but ended down on the day 0.67. The Nasdaq, laden with tech stocks, also started the day out well, but closed down by 12.2 points.
Timothy Geithner, the Treasury Secretary met with the finance minister of Germany and the European Central Bank head in Europe to discuss the ongoing challenges that are facing both Europe and the rest of the world.
Europe will not be the only spotlight this week, as the policymakers at the Federal Reserve meet and growing expectations are than because of the waning growth in the economy they might announce more monetary stimulus.
The employment report for the month of July will be released by the government on Friday. The report is a benchmark for the health of the economy and will come just over three months before the presidential election on November 6. This week a monthly rate setting meeting will also be held by the Bank of England.
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