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US stocks dip after Bin Laden death

US stock markets dipped overnight as investors focused on weakness in the US economy over euphoria about the US slaying of al-Qaeda leader Osama Bin Laden.

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Source: AFP


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US stock markets dipped overnight as investors focused on weakness in the US economy over euphoria about the US slaying of al-Qaeda leader Osama Bin Laden.

The Dow Jones slipped 3.18 points (0.02 per cent) to finish at 12,807.36.

The Nasdaq dropped 9.46 points (0.33 per cent) to 2,864.08 while the S&P 500 retreated 2.39 points (0.18 per cent) to 1,361.22.

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After a week capped on Friday with keenly-awaited April jobs data, investors weighed news that US manufacturing growth has slowed amid price pressures but is still strong.


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