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The Wrap: Healthcare, Energy, HPQ, & COST Higher Today

Stocks rebounded today following back-to-back losing sessions. The 10-Year Treasury Index moved over 1%, and bitcoin finished lower again. Also, the VIX or the Fear Index was down on the day as the market rallied into the close. Next, Scott Connor weighs in on stocks like Pfizer (PFE), Abbott Laboratories (ABT), Colgate-Palmolive (CL), ConocoPhillips (COP), and Occidental Petroleum (OXY) being up. Overall, the healthcare and energy sectors led the way. In terms of weakness, Alphabet (GOOGL), Twitter (TWTR), Southern Co. (SO), American Electric Power (AEP), and Simon Property Group (SPG) finished in the red. Individual stocks like HP Inc. (HPQ) rallied following Berkshire Hathaway (BRK/B) revealing a 11% stake in the company, which is about 11.1M shares. Moreover, Costco (COST) reported that the March 2022 comparable sales were up over 17% year-over-year. The COST stock price reached an all-time high recently. Finally, Connor discusses the Jobless Claims number, which has been the best since 1968. 

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