Stocks Up, Oil Down on bin Laden News
Dow up 50
By Kevin Spak,  Newser Staff
Posted May 2, 2011 10:25 AM CDT
In this April 19, 2011 photo, traders work on the floor of the New York Stock Exchange in New York.   (AP Photo/Kathy Willens)

(Newser) – News of Osama bin Laden’s death cheered markets today, with the Dow gaining 50 points, and the S&P and Nasdaq rising 4 points and 8.5 points, respectively, Politico reports. Oil futures meanwhile, fell 2%, and the dollar rose. The gains followed similar increases in Japan and South Korea overnight. Click to read more.