May 2, 2011
U.S. stocks were modestly higher on Monday, as investors cheered news that Osama bin Laden was killed by U.S. forces.
The founder and leader of al Qaeda, Osama bin Laden, was killed  by U.S. forces in Abbottabad, north of the Pakistani capital Islamabad.
In an address to the nation Sunday night, President Barack Obama called bin Laden’s death, “the most significant achievement to date in our nation’s effort to defeat al Qaeda.”
“It was such an incredible victory that there is going to be a very, very good mood on Wall Street and throughout the country,” said Jeffrey Sica, president and chief investment officer at SICA Wealth Management.