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Dayton Business Journal...
Stock markets rise
after bin Laden death
by Ginger Christ, DBJ Staff Reporter
Monday, May 2, 2011
Stocks on Wall Street opened higher on Monday morning as investors
reacted to the news that U.S. Military special forces had killed
terrorist leader Osama bin Laden in a raid in Pakistan.
The markets got a boost from news of Al Qaeda leader Osama Bin Laden’s
death at the hands of U.S. Special Forces soldiers in a raid on his
compound hideout in Pakistan this weekend. President Barack Obama
announced the successful raid to the world late Sunday night.
By mid-morning, the Dow Jones industrial average was up 50 points to
12,861. The Standard & Poor’s 500 Index was up 6 points to 1,370
and the Nasdaq Composite Index rose 12 points to 2,886.
Several Dayton region stocks posted strong showings at opening.
Those included: Teradata Corp. (NYSE: TDC) was up 1 percent; Robbins
& Myers Inc. (NYSE: RBN) was up 1 percent; PNC Financial Services
Group (NYSE: PNC) was up 0.7 percent; and KeyCorp (NYSE: KEY) was up
0.8 percent. By mid-morning, local stocks still held their opening
gains.
Among the more active stocks in trading Monday with local operations
were Citigroup Inc., Bank of America Corp. and General Electric, as
well as Microsoft Corp. and Yahoo Inc.
Around the world markets also got a boost from the news of the Bin
Laden’s death.
Japan’s Nikkei 225 rose 1.6 percent to close above the 10,000 level for
the first time since March, when the country was struck by an
earthquake and tsunami. Likewise, France’s CAC 40 and Germany’s DAX
rose on opening.
Read it at the Dayton Business Journal
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