Another down day for Wall Street today but the Nasdaq 100 tried to mount a rally that came close to getting positive. The Nasdaq 100tried but did close down 16 points (-0.39%). With help from Tesla (TSLA ), and Priceline (NADSAQ: PCLN) the Nasdaq 100 was the strongest market today. The Dow had a very weak day losing 255 points (-1.60%) as Goldman Sachs (GS ) and IBM (IBM ) both made 52 week lows. The S&P 500 lost 22 points (-1.23%)Shares of Tesla (TSLA ) popped 4.73% today despite missing Wall Street estimates in the fourth quarter. The electric-car manufacturer posted an adjusted loss per share of $0.87 while its revenues totaled $1.75 billion. But investors are cheering after Tesla's projections for deliveries topped estimates. Tesla expects to deliver 80,000 to 90,000 Model S and Model X vehicles this year. The company also revealed that reservations for its low cost Model 3 will begin in stores March 31st and online April 1st, and require only a $1000 deposit.
Zynga (ZNGA ) plummets 15.02% today after releasing fourth-quarter results. The creator of online games including 'FarmVille' and 'Words with Friends' lowered its forecast for revenue for the current quarter as its struggles with a decline in customers. Zynga has dropped over 80% since reaching its high soon after its IPO in 2012. With consistent yearly losses its hard for investors to get excited about this name.
Lastly, in mergers and acquisition news today shares of Mylan (MYL ) fell 18.05% after the pharmaceutical giant announced it will acquire Swedish drug company Meda in a $7.2 billion deal. This comes three months after Mylan's bid for Perrigo fell short of gathering the shareholder votes needed for the transaction to take place. The combined company will have $11.8 billion in revenue based on their 2015 results.
