April 7, 2022

April 7, 2022

Stocks rebounded today following back-to-back losing sessions, as investors reassessed the Federal Reserve’s latest plans to tighten monetary policy and combat rising inflation.

 

Dow Jones finished +87 at 34,583

S&P 500 finished +19 at 4,500

NASDAQ finished +8 at 13,897

 

The 10 Year Treasury closed up 5 basis points yielding 2.65%

Oil prices closed up $0.70 ending at $96.93 a barrel.

Gold prices closed up $8.50 ending at $1,925 an ounce.

 

In the days’ stock news:

 

  • HP — Warren Buffett’s Berkshire Hathaway became the largest shareholder in the computer hardware company, sending shares up 14.8%. Berkshire Hathaway bought nearly 121 million shares, or about an 11% stake worth roughly $4.2 billion based on Wednesday’s closing.
  • Constellation Brands closed up 4.6% after the producer of beer, wine and spirits reported an earnings beat. Constellation saw earnings of $2.37 per share and revenues of $2.1 billion. Analysts expected earnings of $2.10 per share and revenues of $2.02 billion.

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