Street Wire: BP Stock Plunges at Market Open

BP (BP) stock plunged 4.3%, or $1.45, to $32.52 at Monday's market open. U.S. listed shares in BP have fallen 46% since April because of the Gulf oil spill. BP is under pressure from the Obama administration to suspend its quarterly dividend and set up an escrow account to ensure billions of dollars remain at hand for clean up and damage costs related to the Gulf oil spill.