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News Wrap: Manhunt for Drug Kingpin Continues in Jamaica

May 27, 2010 at 12:00 AM EDT

JEFFREY BROWN: And still to come on the “NewsHour”: a new tone in national security and the changing world of books — but, first, the other news of the day.

Here’s Hari Sreenivasan in our newsroom.

HARI SREENIVASAN: Wall Street surged today after China scotched rumors that it might dump its European bonds. That eased immediate fears about Europe’s overall financial situation. The Dow Jones industrial average gained 284 points to close just short of 10259. The Nasdaq rose more than 81 points to close at 2277.

In Jamaica, police announced at least 74 people have died during the manhunt for accused drug lord Christopher “Dudus” Coke. Members of his gang have battled security forces since the weekend. But police conceded today it’s unclear whether Coke is still in Jamaica. He’s wanted in the U.S. for charges of drug and weapons trafficking.

The president of Sudan, Omar al-Bashir, was sworn in today for another five-year term. The ceremony in the national parliament followed an election marred by boycotts and fraud allegations. Bashir is also accused of masterminding genocide in Darfur. Al-Bashir came to power 21 years ago in a military coup.

Those are some of the day’s major stories — now back to Jim.