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“Very Volatile” – Vista Partners Daily Market Recap 3/5/2019

By John F. Heerdink, Jr.
It was a very volatile session for U.S. stocks today with major indices flip-flopping several times between gains and losses before finally ending just in the red. The Nasdaq finished the day down 0.02% (1.21 points) while the S&P 500 dropped 0.11% (3.16 points). After several twists and turns throughout the session, the Dow closed out the day with losses of 0.05% (13.02 points). Individual components of the Dow were all over the board today with United Health Group (UNH) leading the way with gains of 2.29%. On the other end of the spectrum, Walgreens (WBA) ended the day with losses of 2.07% while the 3M Company (MMM) also slipped today with a drop of 1.46%. Atossa Genetics (ATOS) managed to hold onto gains today and ended the session with an increase of 1.42%. The China trade deal continues to be a major factor in the movements of the market, and today investors looked for more details in what that deal could mean. Mark Heppenstall, a chief investment officer with Penn Mutual Fund Asset Management, said: “I would say at this point we’re pretty nearly fully priced-in with regards to a trade agreement with China, which has been a big overhang in the market now.” In other market-related news today, Kohl’s (KSS) released its fourth-quarter earnings report. KSS beat on revenue and earnings while also giving strong guidance for 2019’s first quarter. It performed quite well today with an increase of 7.31%, bringing it to $71.33 per share. Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website:
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Stocks edge lower, Target and Kohl’s shares rise on earnings

U.S. stocks ended a choppy session slightly lower as investors sought tangible details of a trade deal between the U.S. and China and considered a handful of retail earnings reports…
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