Street Wire: BP's Stock Jumps Despite Dividend Talk

BP's (BP) stock rallied as much as 5% at one point during Friday trading, shrugging off remarks by CEO Tony Hayward that the energy giant could suspend its second-quarter dividend payment to quell political criticism of BP's handling of the Gulf oil spill.

BP's stock rose as much as $1.68 to $34.46 in late morning trading on the NYSE (NYX). BP's stock has gained more than 16% in the last two sessions, bringing its market cap back above $100 billion. BP's stocks was trading at about $60 before the Gulf oil spill.
Read Full Story

Markets

DJIA 24,706.35 336.25 1.38%
NASDAQ 7,157.23 72.77 1.03%
NIKKEI 225 20,666.07 263.80 1.29%
DAX 11,205.54 286.92 2.63%
HANG SENG 27,090.81 335.18 1.25%
USD (per EUR) 1.14 0.00 -0.17%
JPY (per USD) 109.77 0.62 0.57%
GBP (per USD) 1.29 -0.01 -0.77%
USD (per CHF) 1.00 0.00 0.02%