• Dow +3.48 at 12813.98, Nasdaq -7.57 at 2865.97, S&P -0.86 at 1362.75

Market news

2 May 2011

Dow +3.48 at 12813.98, Nasdaq -7.57 at 2865.97, S&P -0.86 at 1362.75

Modest buying this morning took the stock market to its best level in almost three years.
Stocks started the session in higher ground. Traders' attention was mostly tuned into news that U.S. forces killed terrorist leader Osama bin Laden.
The news was widely cited as a cause for an early morning drop in oil prices to about $111 per barrel, but it has since worked its way up to $113.85 per barrel. Part of oil's rebound is owed to another drop in the dollar.

  

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