Soaring Oil Prices Weigh Down Markets

Soaring crude oil prices weighed down the markets to a lower open with the Dow losing 27 points to 10,946. Nasdaq slipped 7 points to 2422.

On the upside

State Grid Corporation of China selected China Information Security Technology (Nasdaq: CPBY) to be one of only two suppliers for China's Smart Grid.

Zanett (Nasdaq: ZANE) announced a record $17.1 million in signed contracts for the first quarter.

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