Stock market rises, then flatlines, on news of Osama bin Laden’s death

BY ROBERT DOMINGUEZ
DAILY NEWS STAFF WRITER

The party didn’t last long.

Times Square and outside the White House weren’t the only streets where people were celebrating the death of Osama Bin Laden yesterday.

Wall Street reacted to the killing of the world’s most wanted terrorist with a rise in stocks when Monday’s markets opened — and a temporary dip in oil prices, which have been rising steadily due to the unrest in Libya and the Middle East.

But the stock surge fizzled and oil rose again by the afternoon, as investors’ euphoria over U.S. forces taking out bin Laden after a decade-long manhunt gave way to caution. Continue reading Stock market rises, then flatlines, on news of Osama bin Laden’s death