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Down, major averages higher. There is the rate picture today. 450 on the tenyear. Apple helping too. That stock having its best week since december of 2021. Results less bad than feared, and the announcement of a massive buyback the main catalyst there. It takes us to our talk of the tape. Is this the week that apple found its footing. Le i look at your notes today, you say, quote, it is hard to not be more bullish on apple here. Why so . Sure, so i think the risk ultimately coming into earnings was a fear of a guidedown. We got a guideup. So, we move past the june quarter guidedown and look at the developer conference upcoming, the iphone launch coming later in september, this is historically when an apple outperforms, yet we have seen the stock start the year as one of the biggest underperformance years in the last decade. There is a catchup trade, the risk is behind us, estimates seem derisked and there is a reason to be excited about the future. The revenue decline, the fifth time ....
Also, we have had a strong run of gains for the major averages. Five straight weeks of gains. So now we are sort of hovering. There is a positive momentum as the s p and dow gained slightly. The nasdaq down very slightly. If you look at the s p 500 over the past week, it is not just today that we have seen this. There has not been that much of a change. Down about 10 about 7 10 of a percent. Even take a look at volume again today. If you look at the bloomberg, volume versus the 20 day average for all of the groups in the s p 500. All of these bars are down particularly energy. More than 40 drop in volume. Utilities, financials and health care seeing a 40 drop worse is the 20 day average. It is across the board. It is not it does not just feel like, it is lower than typical trading activity. Alyx is there a flight to safety in this Light Trading day or light across the board . Julie there is. You would think with little activity in ....
Get cash too. Its a big deal for the Energy Business and we have a very big morning on tap, carl. It will be just as the sun comes up. Yeah, guys were coming to you from a Conference Room called aviary at twitter headquarters. Dick costolo is with me. In a moment well talk about the quarter, talk about everything that happened in the course of that quarter and, of course, stock poised to open lower today as people are focusing on on that user growth. Well get to it with dick in just a minute. Yes. In fact, an important interview. Twitter reporting better than expected firstquarter results. Revenue more than doubled but as carl referenced stock down sharply after user growth short of wall street forecasts. Jim, were going to hear from the man himself and entertain many of the key questions investors have this morning. In speaking to a couple shareholders or former shareholde ....
Nasdaq lost 17 and the s p 2. Gold and oil were nearly flat on the day. In earnings after hours symantec reported a 14 jump as it cut costs. However, revenue dropped 7 . The stock inched up slightly after the close. Grub hub profits more than tripled. The Online Delivery Service recently went public. That stock rallied 1 after the bell. And, the federal government had a Budget Surplus in april of 114 billion. According to the congressional budget office. The biggest april gain since the financial meltdown. Whats in store for the stock market on this friday . We turn to trader Mark Sebastian of the swan Wealth Advisers for some answers. Mark lots of trouble in tech land right now. Would you be a buyer of any of these stocks . I probably not. I think the tec ....