BUZZ-U.S. STOCKS ON THE MOVE-Tesla, Amazon, casino operators

Mon Jan 4, 2016 11:51am EST
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U.S. stock indexes tumbled on Monday, the first trading day of 2016, with the Dow losing more than 400 points after weak Chinese economic data reignited fears of a global slowdown. The Dow Jones industrial average was down 2.40 percent at 17,006.15, the S&P 500 was down 2.26 percent at 1,997.73 and the Nasdaq Composite was down 2.69 percent at 4,872.682.


Billionaire investor William Ackman said on Thursday he sold about 5 million shares in the drug company in order to generate a tax loss as investors in his Pershing Square Capital Management face the biggest loss in the company's history.

** TESLA MOTORS INC, $222.38, -7.35 pct

The pioneering electric car maker said on Sunday that it delivered 17,400 vehicles in the fourth quarter of 2015, just above the low end of its forecast of 17,000-19,000.

Tesla delivered 208 of its new electric SUV, the Model X, in the quarter, below the expectations of some analysts. Robert W Baird analyst Ben Kallo, who had expected Tesla to deliver about 1,000 Model X cars, said deliveries were lower as "the Model X production ramp began later than we had expected" in the fourth quarter.   Continued...