Apple Stock Surges on Better Than Expected Quarterly Results

iPhone sales were down at Apple for a second quarter in a row, mainly because people are waiting on new models. Apple also sold fewer iPad units, Mac Computers and Apple watches in the recent quarter. However, iPad revenue grew. The biggest bright spot in the company's report was a 19% sales jump for the segment that includes iTunes, Apple Music, The App Store and services like Apple Pay and iCloud Storage. Twitter stock could have a rough day. It delivered a revenue forecast that fell short of expectations. Twitter says there is a lot of competition in social media advertising and it charges more to advertise on its service than others. History was made last night as Hillary Clinton was nominated to be the first woman presidential candidate for a major political party. Clinton formally secured the nomination earlier in the night during the roll call of states. Tonight, President Obama and Vice Presidential candidate Tim Kaine will speak. The FOMC releases its decision on interest rates this afternoon.