Thursday's Bloomberg Market Report

By: Bloomberg Email
By: Bloomberg Email
New York Stock Exchange
9127.96 up 70.94

NYSE MKT Exchange
2384.03 up 6.51

NASDAQ Composite
3258.93 up 13.81

Standard And Poors 500
1563.23 up 8.71

The FDA is looking into a potential link between diabetes medications and an extremely aggressive form of cancer and an improving jobs market is fueling higher mortgage rates. Here's the Thursday Bloomberg After The Bell Report from the New York Stock Exchange.

Diabetes drugs from companies including Merck and Bristol-Meyers Squibb are being scrutinized for potential pancreatic cancer risks. The FDA says it's reviewing research that suggests precancerous cell changes may be linked to some Type-2 diabetes drugs. Merck's diabetes drug Januvia accounted for $4 billion in sales last year.

If you're in the market for a new home you may want to act fast. New data from Freddie Mac shows rates for a 30-year mortgage rose to a six-month high, driven in part by strong employment growth.

Better than expected jobless data extended the Dow's longest rally since 1996, pushing the S&P close to breaking its record high.

Redbox's new streaming service is out of the testing phase and now available across the country starting Thursday. Both streaming and DVDs are included in the $8 to $9 subscription, which aims to set itself apart from the competition since most don't offer physical rentals.

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