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Monday's Bloomberg Market Report

By: Deborah Kostroun Email
By: Deborah Kostroun Email
  •  Dow Jones Industrials: Down 42.31 to 12,967.37
  • S&P 500: Down 2.86 to 1,406.29
  • NASDAQ: Up 9.93 to 2,976.78

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

The losses from Superstorm Sandy may cost insurers between $16 and $22 billion, according to modeling firm Air Worldwide. That is compared to an initial estimate of $7 to $15 billion.

As for the markets, most stocks closed lower as lawmakers prepared to debate the so-called fiscal cliff. A bright spot, though, was Ebay, which at one point rose more than five percent, which is approaching an eight-year high. The increase is due to optimism that Ebay will benefit from a surge in online shopping.

Homeowners may be paying less for their heating bill next month. Natural gas fell the most in almost four months as revised forecasts showed an unusual warm start in December, which means reduced demand.

Hospital emergency departments eager to woo patients are now offering E.R. online reservations at more than 100 hospitals, reservations, and other concierge-type services, including mobile apps that provide wait times. The idea is to make the "E.R. experience" more pleasant.


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