Here Are 3 Hot Things to Know About Stocks Right Now

  • The Dow Jones Industrial Average finished higher Monday, bolstered by hopes for progress in the U.S.-China trade war and guarded optimism about upcoming earnings reports from such market heavyweights as Microsoft (MSFT - Get Report) , Amazon.com (AMZN - Get Report) , Caterpillar (CAT - Get Report) and McDonald's (MCD - Get Report) .
  • Boeing (BA - Get Report) slipped after analysts from at least two firms cut their ratings and price targets in light of recent revelations about the Chicago aerospace giant's grounded 737 MAX jetliner.
  • Halliburton (HAL - Get Report)  jumped even after the U.S. oilfield services company's third-quarter earnings matched analysts' estimates, but revenue came in below forecasts. Halliburton is Real Money's Stock of the Day.

Wall Street Overview

Stocks finished higher Monday, bolstered by hopes for progress in the U.S.-China trade war and guarded optimism about upcoming earnings reports from such market heavyweights as Microsoft (MSFT - Get Report) , Amazon.com (AMZN - Get Report) , Caterpillar (CAT - Get Report) and McDonald's (MCD - Get Report) .

The Dow Jones Industrial Average ended up 57 points, or 0.21%, to 26,828, the S&P 500 advanced 0.69%, and the Nasdaq climbed 0.91%.

JPMorgan Chase (JPM - Get Report) , American Express (AXP - Get Report) , and Apple (AAPL - Get Report)   were among the Dow's top gainers.

Apple advanced 1.7% to $240.51 after Raymond James boosted its price target on the iPhone maker to $280 a share from $250. Raymond James maintained its outperform rating on Apple.

Boeing (BA - Get Report) slipped 3.8% to $331.05 after analysts from at least two firms cut their ratings and price targets in light of recent revelations about the Chicago aerospace giant's grounded 737 MAX jetliner. As on Friday, Boeing was the Dow's biggest loser.

Spirit AeroSystems (SPR - Get Report) , a Boeing supplier, also lost ground, dropping 4.8% to $75.59.

IBM (IBM - Get Report)   fell 1.1% $132.55 after analysts at UBS lowered their price target on the stock to $140 from $170 on concern about the company's growth prospects.

Sentiment for equities got a lift from comments by Chinese Vice Premier Liu He, who said Friday that Beijing will work with the U.S. to address each other's concerns. White House economic adviser Lawrence Kudlow told Fox Business on Monday that tariffs scheduled for December could be withdrawn if negotiations continue to go well.

"We've made a lot of progress," Kudlow said. "I think we're very close on opening financial services and the currency stability deal, which is essentially is an IMF deal. I think the agriculture, they started buying farm products, as you know, $40 [billion] to $50 billion worth."

Teva Pharmaceutical (TEVA - Get Report) , AmerisourceBergen (ABC - Get Report)  , Cardinal Health (CAH - Get Report) and McKesson (MCK - Get Report) have reached a settlement with Cuyahoga and Summit counties in Ohio over allegations the companies played a major role in fueling the opioid crisis, The Wall Street Journal reported. Teva was the only one advancing, climbing 8.8% to $8.16.

Halliburton ( HAL - Get Report) rose 6.4% to $19.60 after the U.S. oilfield services company reported third-quarter earnings of 34 cents a share, matching analysts' estimates. Revenue fell 10% from a year earlier to $5.55 billion and came in below forecasts of $5.82 billion. Halliburton is Real Money's Stock of the Day.

Apple, Amazon, Caterpillar, JPMorgan Chase and Microsoft are holdings in Jim Cramer's Action Alerts PLUS member club . Want to be alerted before Jim Cramer buys or sells these stocks? Learn more now.

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