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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:
www.vistapglobal.com
with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. Stay Informed! Stay Competitive! Sign Up to receive FREE email updates
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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… finance.yahoo.com
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