On the upside
Shares of Meru Networks (Nasdaq: MERU) surged on its first day of trading.
Overstock (Nasdaq: OSTK) reversed year ago losses to post a profit for the fourth quarter.
Markets Close Lower As Oil Prices Rise
Despite a greater than expected gain in factory orders last month, the markets closed lower with the Dow falling 50 points to 10,856 as crude oil prices rose. Nasdaq dropped 12 points to 2397.
