U.S. stock index futures rose ahead of the open for Wall Street Monday after news of the death of Osama Bin Laden.
However, some of the early exuberance faded. Dow futures are up about 76 points after rising more than 100 after the news.
The dollar shed earlier gains while U.S. crude slid more than 1 percent after the news. London Brent crude fell below $125 a barrel, while U.S. light crude fell to below $113.
In a late-night address on Sunday, President Obama said U.S. forces led an operation in which bin Laden was killed, and that "justice has been done."
The U.S. has issued a worldwide travel alert for its citizens, warning of "enhanced potential for anti-American violence" following the killing.
Asian stocks rallied, with the Nikkei briefly jumping above 10,000 points, while European shares traded higher.
Various markets in Asia and Europe are closed. Financial markets in China, Hong Kong, Singapore, Malaysia and Thailand are all shut for public holidays while the London Stock Exchange is also closed.