session. it s been a flight to safety defensive sectors including real estate and utilities are leading the market, and gold is higher and rates moving lower rates falling below 2% once again. thanks. we begin with optimism on trade talks with china president trump s trade adviser peter navarro on cnbc earlier said we re headed in the right direction as the u.s. plans more tariffs on europe in the meanwhile. peter navarro is the white house s fire brand on china, so it was notable this morning after attending that u.s./china meeting that produced the weekend s truce, he said it s all good we re re-engaged. we re talking on the phone already. probably be visits it s all good. i think it was a pause that was necessary at the time, but this is very bullish for the markets. lower uncertainty in terms of the whole thing. we re headed in a very good direction. next up is figuring out how to slice up huawei along national security lines. the white house and the commerce depa
in the green, dow up 185 points earlier. seventh straight day of gains. hanging in the balance up by 16 points and up by 8 and energy and communication services, best performing sectors at this hour happening right now in washington, the house judiciary committee holding a hearing on the dominance of big tech. ylan mui with that story for us. ylan reporter: this is the first of the anti-trust investigation. how far will they go i spoke earlier today with the chairman of the house democratic caucus of new york and he told me that subpoenas are not off the table. to the extent that we don t receive full and comprehensive cooperation from the big tech companies, then the subpoenas are one tool at our disposal that we may be compelled to use. reporter: but a word of caution from the ranking republican on the committee, congressman doug collins will say in the hearing today that big is not necessarily bad and proposals to break up big tech risk throwing the baby out with t
more likely. that s what s cheering equity investors, as you see, the dow nearly up 300 points nearly 30 right n2 right now on for the best week of the year as is the s&p 500 we have to show you shares of beyond meat or as i like it, bed, bath and beyond meat. up 35% today $25 a share. six weeks ago. kelly, i know you ve been following this. above and beyond. way beyond meat. any superlative. down to the floor, where bob pisani is tracking those moves and so much more kelly, i ve been saying a lot of hope this week. hope on china and mexico tariffs, on the fed will come to the rescue of the economic numbers. and you know what? it s all working the s&p 500, the last three months 29.45. into april, beginning may, down to 27.45 and we ve regained more than 50% of the losses and we still don t have any kind of trade deal that s what i call hope and the trade related names that have been moving here in materials and semiconductors and airlines this week. we ve seen huge moves.
so let s get a check on the markets this hour. stocks are nicely in the green with the dow industrials up almost 100 points. up 180 at the high on track to post, however, a fifth straight weekly loss the s&p 500 and nasdaq are on track for their third straight weekly declines. kelly? let s get to seema mody at the new york stock exchange with the latest on the trading action this hour. seema? kelly, higher yields, lower volatility and upbeat comments from president trump on trade and the dow up triple digits, about 100 points 25,589 a broader rebound for industrials, tech, financials which closed down in yesterday s trade. also take a look at utilities. another record high, now up 2% for the week let s dig in a little further because 16 out of the 35 companies on the s&p 500 that have hit 52 week highs today are the utilities. names like american electric power and southern companies that is an electric and gas utility firm based out of atlanta. check out their dividend
day of what has been a bearish month. a big bear of a month. major averages on track for their first monthly loss of 2019 largest monthly losses since way back in december and you ll remember, december, of course. interest rates are sinking too yields on the benchmark 10 year treasury note falling to their lowest levels since september of 2017, hitting 2.145%, kelly? wow okay have to read that twice. we have full team coverage in this market sell-off in the fallout from threatened tariffs. kayla tausche with the reaction from big business and trump s inner circle steve liesman looking at the impact on the economy and auto makers, those stocks getting whacked today. how mexican tariffs have agriculture. let s start with you as opposition grows from the allies in the business community as well as capital hill, we learn more about how that opposition played out here at the white house behind the scenes privately by steven mnuchin and robert lighthizer, both of whom oppose th