Stocks Up, Oil Down on bin Laden News

Dow up 50
By Kevin Spak,  Newser Staff
Posted May 2, 2011 10:25 AM CDT

(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. (Read more stock market stories.)

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