Street Wire: BP Stock Jumps 10% Ahead of Open

BP's (BP) stock jumped more than 10% ahead of Thursday's opening bell following a massive sell-off Wednesday that left shares at a level not seen since 1996. Pre-market trading is often predicative of action during the regular session. Anxiety over BP's failure contain the Gulf of Mexico oil spill and political pressure on the company to cut its dividend have destroyed $100 billion in market value since mid-April.