Markets Right Now: Stocks rise with earnings in focus

Oct 21 (Reuters) - Wall Street rose on Monday on signs of progress in resolving the prolonged U.S.

Earlier in the day, White House economic adviser Larry Kudlow told Fox Business Network that they could cancel the December tariffs if trade talks were to continue to go well with China.

Canada's main stock index headed higher in late-morning trading, helped by gains the key financial and industrials sectors, while US stock markets also climbed higher.

"It is a bit more confirmation from China as to what was agreed with the U.S.in discussions towards the stage one trade deal" said Jon Adams, investment strategist at BMO Global Asset Management.

The yield on the 10-year Treasury rose to 1.78%.

Boeing shares dropped 3.9%.

Shares of the planemaker slipped 4 per cent, also limiting gains on the S&P 500 index.

The S&P 500 gained 14 points, or 0.5%, to 3,001. The Nasdaq Composite was up 59.37 points, or 0.73%, at 8,148.91.

UK's Labour will try to amend Brexit deal legislation
Reacting to the scenes she witnessed, Mrs Leadsom praised the efforts of the Met officers who helped her. Described Boris Johnson's three-letter strategy as "childish".

This week's earnings lineup includes high-profile companies such as Boeing, Microsoft Corp MSFT.O , Procter & Gamble Co PG.N , United Parcel Service Inc UPS.N and Caterpillar Inc CAT.N .

Analysts have projected the first earnings contraction since 2016 for S&P 500 companies, but of the 75 companies that have reported results so far, only 12 per cent have come in below estimates, according to Refinitiv data.

Halliburton Co HAL.N shares gained 6.4% after the oilfield services provider detailed further planned cost reductions.

Financial services companies posted the biggest gains as bond yields rose.

Drug companies Teva Pharma Industries, McKesson Corporation (NYSE:MCK), AmerisourceBergen (NYSE:ABC), and Cardinal Health (NYSE:CAH) were mostly in the red after they reached a settlement deal with two OH counties over their alleged role in the opioid crisis, The Wall Street Journal reported.

US -listed shares of Teva Pharmaceutical Industries Ltd TEVA.N TEVA.TA jumped 8.7% after the company announced progress toward settling remaining opioid-related litigation.

Advancing issues outnumbered declining ones on the NYSE by a 1.95-to-1 ratio; on Nasdaq, a 2.09-to-1 ratio favored advancers.

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