Thursday's Bloomberg Market Report

By: Saadia McConville Email
By: Saadia McConville Email
  • DJ Industrials: Up 114.35 to 15,024.49
  • S&P 500: Up 9.94 to 1,613.20
  • NASDAQ: Up 25.64 to 3,401.86 

Here are the headlines from Thursday's Bloomberg Market Report.

An improving economy has consumers feeling a little more free with their spending. Household purchases rose about a third of a percent last month, as the housing recovery gains ground and incomes grew. Meanwhile, a Bloomberg index measuring consumer sentiment climbed last week to its highest level in more than five years.

Home financing is getting more steep. Freddie Mac says last week's increase in mortgage rates of more than half a percent is the biggest jump in 26 years.

Paula Deen's tearful apology on The Today Show for using racial slurs hasn't done much to save relationships with corporate America. Target and Walmart are among the latest companies cutting ties with the celebrity chef.

This year has been a good one for the auto industry. According to projections from, vehicle sales in June will be more than six percent above last June's sales numbers.

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