In addition to beating analysts' expectations, HP reiterated its opposition to Xerox's efforts to buy the company, which is four times larger than Xerox.
As coronavirus fears hit financial markets, U.S. bond yields are tanking, pushing mortgage rates that loosely follow the 10-year Treasury yield toward an eight-year low. They could sink even lower.
Economist Nouriel Roubini pointed to a number of destabilizing issues. They include: geopolitical tumult across at least four fronts, a potentially chaotic presidential election, reignited trade tensions with China, potentially catastrophic damage from climate change and the growing potential of cyberwarfare.
Marks, the co-chairman of Oaktree Capital Management, said on "Halftime Report" that investors tend to be too optimistic or too pessimistic about economic conditions.
Democratic front-runner Bernie Sanders came under fire Monday from his rivals over his recent partial defense of Cuban revolutionary and communist dictator Fidel Castro.
Mike Bloomberg's presidential campaign plans to unleash its cash-flush media operation against Bernie Sanders in the wake of the Vermont senator's resounding victory in the Nevada caucuses.
Oil prices slid more than 5% at the low on Monday as investors worried that an acceleration in the number of coronavirus cases could hurt demand for crude.