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 26,492.21 -69.84 -0.26%
NASDAQ 8,007.47 14.22 0.18%
NIKKEI 225 24,033.79 93.53 0.39%
HANG SENG 27,816.87 317.48 1.15%
DAX 12,361.41 -13.25 -0.11%
USD (per EUR) 1.18 0.00 -0.06%
USD (per CHF) 0.97 0.00 0.25%
JPY (per USD) 112.91 -0.06 -0.05%
GBP (per USD) 1.32 0.00 -0.20%