Stocks closed slightly lower Monday despite the death of Osama bin Laden, several strong earnings reports and a major drug industry acquisition.
The Dow fell 3.18 points to close at 12,807.36. Earlier in the day, it had been up as much as 65 points.
The dollar and U.S. stock futures rose following President Barack Obama's announcement late Sunday night that Osama Bin Laden had been killed. Analysts said the boost to the currency was a signal of greater confidence in the United States and a reduction in national security risks.