Street Wire: BP Stock Tumbles Nearly 10%

BP's (BP) stock plunged 9.7%, or $3.29, to close at $30.68 Monday on the New York Stock Exchange (NYX) amid pressure to suspend its dividend in wake of the growing Gulf oil spill. BP lost $10.6 billion in market capitalization in Monday trading. Costs related to the Gulf oil spill are estimated at $1.6 billion and counting. U.S. officials are pressuring BP to reserve billions for clean-up costs.
Read Full Story

Markets

DJIA 24,564.64 -141.71 -0.57%
NASDAQ 7,095.15 -62.08 -0.87%
NIKKEI 225 20,622.91 -96.42 -0.47%
DAX 11,073.71 -62.49 -0.56%
HANG SENG 27,005.45 -191.09 -0.70%
USD (per EUR) 1.14 0.00 -0.11%
JPY (per USD) 109.41 -0.25 -0.23%
GBP (per USD) 1.29 0.00 0.31%
USD (per CHF) 1.00 0.00 0.09%