NEW YORK — Wall Street appears headed for a higher opening following the death of Osama bin Laden and several strong earnings reports and ahead of more data on the U.S. economy.Comment on this story
President Barack Obama said late Sunday that bin Laden, the man who inspired the Sept. 11, 2001 attacks, had been killed in a firefight with American forces in Pakistan. That sent the dollar lower as investors ventured into riskier assets.
In corporate news, Humana, Dish Network and Chrysler all reported strong quarterly earnings. The Institute of Supply Management's index of manufacturing activity is also expected to show that manufacturing activity increased in April.
Ahead of the opening, Dow Jones industrial futures are up 70, or 0.6 percent, at 12,826. Standard & Poor's 500 futures are up 7, or 0.5 percent, at 1,367.