Monday's Bloomberg Market Report

By: Deborah Kostroun Email
By: Deborah Kostroun Email
  • DJ Industrials: Up 106.20 to 14,818.75
  • S&P 500: Up 11.37 to 1,593.61
  • NASDAQ: Up 27.76 to 3,307.02

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

Higher payroll taxes may be starting to take a bigger toll on American workers. Consumer spending cooled off in March and shows the biggest part of our economy lost momentum as the first quarter came to a close. Despite that news, stocks were higher Monday on a positive housing report and after investors speculated that central banks will continue to stimulate the economy.

Samsung's Galaxy S4 may be bigger, lighter, and faster than previous models, but the phone insurance firm Square Trade says it's also easier to break than Apple's iPhone. The Galaxy S4 also scored worse than the iPhone 5 when it was dropped or dunked in water.

Call it lessons from the recession, but a new survey by retailmenot.com found 93 percent of those surveyed said saving money in their everyday life is important. More than six in ten reported that they are saving more money than five years ago by eating out less and buying less clothing.


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