Wholesale Prices Surge, Markets Extend Losses

The markets extended its losses during the midday with the Dow plummeting 151 points to 11,704 as February wholesale prices surged. Nasdaq tumbled 27 points to 2639.

On the upside

Alexza (Nasdaq: ALXA) reversed year ago losses to post a profit for the fourth quarter.

Carrizo Oil & Gas (Nasdaq: CRZO) narrowed fourth quarter losses.

Sify Technologies (Nasdaq: SIFY) partnered with Saudi Telecom to offer customers the most robust network footprint spanning the Middle East, Africa and India with a richer portfolio of services.

On the downside

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