Market celebrates in early trading
(NEWSER) - Stocks and the dollar surged in early trading after news hit the world that the US has taken out Osama bin Laden. Futures on the Standard & Poor’s 500 Index rose 0.5% in Tokyo, and the MSCI Asia Pacific Index added 0.5%, putting it on track for the highest close since mid-January, reports Bloomberg . Oil prices, gold, and silver dropped. The Dollar Index, which tracks the bill against six other currencies, was up 0.3%. Bin Laden's death is likely reassuring buyers and boosting consumer confidence, noted observers. But the fallout could be increased concerns about retaliatory attacks. (Click for more on bin Laden , who was buried at sea.) More»
