Stocks rise after the death of bin Laden, strong gains (AP)

NEW YORK - Stocks lost some of their gains at the beginning and turned mixed Monday despite the death of bin Laden, several reports of strong gains and acquisition of the drug industry.

The Dow Jones industrial average increased 27 points, or 0.2%, modernization in afternoon trading. It had been up to 65 points earlier in the day.

President Barack Obama said late Sunday that bin Laden, the Chief of al-Qaeda who has orchestrated the attacks of 11 September 2001, had been killed by American forces in Pakistan. That helped increase the confidence of investors when the market opened.

"It is an element of well-being," said Howard Silverblatt, analyst senior to the Standard & Poor's index. "It gives closure to many people."

But Silverblatt, as many analysts warned that the new would probably lead only a gain in the short term for the market. Most traders were instead focused on earnings and economic news. So far, results of strong gains over the past two weeks has contributed to the standard & poor 500 reached its highest level since the financial crisis, closing at 1363.61 on Friday.

DISH Network Corp., Chrysler Group LLC and Humana Inc. reported strong gains. Net income in the first quarter of the dish network more than doubled, in part, by a patent settlement with TiVo Inc. Its stock has increased by 16%.

Humana profit rose 22 percent. Society has benefited more from people enrolling in its health insurance plans. Its stock was flat.

Chrysler said its first profit since the departure of bankruptcy two years with the growth of sales.

Whole Foods Market Inc. fell by 4%, even if, after an analyst downgraded the company, said Jefferies sales could stagnate as shoppers feel the pinch of higher gasoline prices.

News, drug manufacturer Israeli Teva Pharmaceutical Industries Ltd. said that they would buy Cephalon Inc. for $81.50 per share, or $ 6.8 billion. Drugs the Cephalon keys include the treatment of sleep disorders Provigil and the cancer drug Treanda. Cephalon sharing rose 4 percent.

Index S & P 500 increased one point, or 0.1% to 1 365. He had earlier been 7 points. The Nasdaq composite index dropped by 2 points, or 0.1%, to 2,871.

The binding of yields of rose, sending prices lower. Yield on the Treasury 10-year note fell to 3.28% of 3.29% late Friday. The dollar has fallen by 0.2 percent against six other currencies heavily traded index.

The Institute for supply management reported that manufacturing activity increased for the 21st month in April, albeit at a slightly slower pace than the previous month. It was expected by economists. The Commerce Department also reported that builders began work on more projects in March after three months directly of decline in construction spending.