Middle East tensions weighed the markets down to a modestly lower close with the Dow easing 2 points to 12,977. Nasdaq lost 12 points to 2976.
On the upside
Shares of online review site Yelp (NYSE: YELP) surged on its first day of trading.
Morgan Stanley analyst Katy Hubert reinstated coverage of Fusion-IO (NYSE: FIO) with an Overweight rating.
Fourth quarter earnings fell for Exelis (NYSE: XLS) but the company forecast 2012 results ahead of expectations.
On the downside
CNinsure (Nasdaq: CISG) disappointed by falling to a loss for the fourth quarter.
Motricity (Nasdaq: MOTR) swung to a fourth quarter loss as revenue dropped.
UBS downgraded Monster Worldwide (NYSE: MWW) from a Buy rating to Neutral.
In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 12 points to 802.
