Is doing today. The good news its not down much. The bad news is its not up much either. A narrow range for stocks. Still, as melissa noted, amazon as well as apple keeps surging ahead. They are both trading at record levels. Believe it or not consumer stocks are your best sector today. If you own marriott, under armor mour or wynn resorts. Tyler . Brian, thankful. Welcome. Im Tyler Mathisen. Volatility not so much. All but dried up this year. Lets get straight to bob pisani at the new york stock exchange. The fear gauge hasnt been this low in a quarter century, bob. Reporter lets take a look at it, tyler. Why is it this low . Its not that surprising. Theres a couple of things happening with the vix. Tamm p tampening down volatility. We have advances that are making markets, more hedging methodologies, more ways to buy protection out there that is tamping down the volatility. Keeping rates low and essentially encouraging people to buy equities. And we have the fact that risk is lower,
A springtime special power lunch begins right now. And welcome to power lunch. Sorry. Brian mentioned stocks hit record highs midday. We saw the nasdaq turn lower. Amazon, microsoft and google. The intradays are even more dramatic and a lot of volume at last check trading at the 125 of its average daily volume. Extraordinary volume for a friday afternoon. And as stocks rally the vix hitting a 24year low. Financials big movers. Among the leaders in the group bank of america, Morgan Stanley and regents financial. With us on set you saw his finger, lets show the whole person, the one and only guy adami. Josh brown was walking off set. He yelled my name, i looked over at him, im sorry. Lets first talk about the tech selloff. Start to roll over at 12 20. You pull up any intraday chart including it tesla, nvidia, amazon, apple, all of them rolled over. Nvidia sticks out to me. Its been on everybodys radar screen. At 1 00 it traded is 50 million shares. After making an alltime high the revers