All of the major indices are trading lower with the S&P 500 down 0.4%
Shares of BP (BP 43.40, -1.04) slid to their lowest levels of the session after the U.S. government announced it was suing the company for its Gulf of Mexico oil spill. Transocean (RIG 71.84, -0.96), and Anadarko Petroleum (APC 67.23, -1.74) were also added to the suit for their roles in the spill. The S&P 500 Energy Index is trading lower by 0.4% as 26 of 39 stocks in the index trade lower.