Following a 126-point decline in the Dow Jones Industrial Average
The EU Summit
One of the biggest events of the week comes Thursday in Brussels, where European heads of state gather for another meeting to determine the future direction of the eurozone. Under pressure to develop a solution to the increasingly distressed situation across the European periphery that has led to skyrocketing borrowing costs, the summit hopes to develop a coordinated solution to calm markets and display a unified Europe. However, an effective plan likely hinges on Germany's willingness to accept more integrated approaches to financing European governments, such as a eurobond underwritten by all of the 17 member-nations. Such a shared approach to underwriting debt would lower borrowing costs for some countries, while increasing costs for more stable member countries such as Germany. Expect the perceived effectiveness of any resolution to move markets later this week.
Obamacare on the docket
Also expected this week is a Supreme Court decision regarding the constitutionality of the Patient Protection and Affordable Care Act, otherwise known as "Obamacare." For medical-device companies like Intuitive Surgical
Unrelated to the Obamacare ruling, a huge swing could come in shares of Arena Pharmaceuticals
Making sense of it all
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Brenton Flynn owns no shares in the companies mentioned. The Motley Fool owns shares of Intuitive Surgical. Motley Fool newsletter services have recommended buying shares of Intuitive Surgical and Pfizer. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.