Escalating violence in Libya sent crude oil prices soaring to their highest level in more than two years to weigh the markets down to a lower open with the Dow losing 31 points to 12,226. Nasdaq slipped 8 points to 2789.
On the upside
Spreadtrum Communications (Nasdaq: SPRD) reported sharply higher fourth quarter earnings that beat analyst expectations and forecast first quarter results ahead of estimates.
Fourth quarter earnings more than doubled for ZST Digital Networks (Nasdaq: ZSTN) as revenue soared.
RAM Energy Resources (Nasdaq: RAME) announced the drilling of additional wells at its Mississippi Chat formation.
On the downside
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