The markets started off the month sharply lower thanks to a slew of bad news. China trade news, weak oil, and more selling in the tech space led to a selloff of 459 for the Dow 30, 59 for the S&P 500 and 193 for the Nasdaq 100. Technical traders note the break of the 200 day moving average on the S&P as yet another reason for more selling pressure.

Humana (HUM  ) shares initially traded higher by 8% today as the company has been said to be in talks with Walmart (WMT  ) to possibly being acquired. The talks, while preliminary continue to signal the race to conquer healthcare. Investors should note that a straight acquisition may not be the play here. The deal could be merely a stronger partnership to compete with the likes of Amazon (AMZN  ) and their efforts. The stock did finish higher by 4.5% today despite the weak market.

Fitbit (FIT  ) broke to new lows today, losing 9.5% in the process as the company was downgraded by Morgan Stanley (MS  ). The analyst says that the company will "struggle to stabilize revenue" as the cash burn continues. Shares have been under pressure for years now as they face increasing competition and lack of new products the consumer desires.

SnapChat (SNAP  ) shares fell 8.8% today as the company announced it would cut 7% of its global workforce. The company said that this will cause a one time cash expense of $10 million for severance packages that will show up on the March earnings report. Many feel that this is strong attempt for the company to improve margins and profits though investors chose to exit for now.

Tesla (TSLA  ) suffered more bad news today which sent the stock lower by 5%. The company has officially recalled 123,000 model S cars over possible "power steering issues." Shares have been hit hard recently on a slew of bad news including a credit rating downgrade, accident investigation and production issues. The stock is lower by almost 20% on the year.