HP Inc. is a leading provider of PCs and printing solutions for businesses, enterprises, and consumers. The company also produces workstations, tablets, retail point-of-sale systems, calculators, and support services. The printing business offers commercial and consumer printers, managed print services, 3D printing, graphics solutions, and ink and other supplies.

Wednesday was another good day for the major indices, but the action was not as broad as was the case on Tuesday. Wednesday's gains primarily came from Information Technology (XLK +2%) and Financial (XLF +1.8%), while weakness was seen in one of the hottest (and maybe most surprising) sectors this year. Consumer Staples (XLP) fell 0.8% but has popped over 14% in 2026. Other sector weakness was seen in the strongest 2026 performers, including Real Estate (XLRE), Industrials (XLI), Energy (XLE), and Materials (XLB). Software stocks rose 3% after Tuesday's 2% gain. More importantly, Tuesday's volume on the iShares Tech-Software ETF (IGV) was a record at over 50 million shares -- yet Wednesday's preliminary volume was also heavy at over 36 million. That certainly helped the XLK, as $2.9 trillion market cap MSFT rose 3%, with smaller software names ORCL, PLTR, CRM, SHOP, and APP seeing gains of 1.2% to 7%. These stocks had fallen off a cliff, and an upside reversal could be dramatic as there is virtually no overhead supply (at least for quite a while). Just an oversold or countertrend rally back to the respective 50- or 200-day averages would provide very nice returns for the beaten-up names in the sector. Computer services also aided IT, as recently weak IBM bounced 3.6%. For Financials, it was the same story. Some of the industries that have been smacked recently saw another day of recovery. Consumer finance (V, MA, AXP, and COF), investment services, banks, asset managers, and financial administration all rose at least 2%, with insurance brokers tacking on 1.3%.

HP (formerly Hewlett-Packard) is a behemoth in the PC and printing markets. It has focused on these markets since it exited IT infrastructure in 2015 with the split from Hewlett Packard Enterprise. HP focuses on the commercial market, but maintains sales of consumer devices and printers. The firm has a broad and global customer base, with only one third of sales coming from the US. HP completely outsources manufacturing and relies heavily on channel partners for its sales and marketing.

HP (formerly Hewlett-Packard) is a behemoth in the PC and printing markets. It has focused on these markets since it exited IT infrastructure in 2015 with the split from Hewlett Packard Enterprise. HP focuses on the commercial market, but maintains sales of consumer devices and printers. The firm has a broad and global customer base, with only one third of sales coming from the US. HP completely outsources manufacturing and relies heavily on channel partners for its sales and marketing.