BUZZ-U.S. STOCKS ON THE MOVE-Pfizer, New York REIT, Archer Daniels

Tue Aug 2, 2016 9:17am EDT
 
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(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks were set to open lower on Tuesday as investors assessed earnings reports and economic data.

Dow Jones industrial average futures were down 0.11 percent at 18,305, S&P 500 futures were down 0.17 percent at 2,160.75 and Nasdaq 100 futures were down 0.12 percent at 4,739.

** PROCTER & GAMBLE CO, Monday close $86.41, +0.74 pct premarket

The maker of Tide detergent and Gillette shaving products reported better-than-expected quarterly sales and profit, helped by strong demand for its baby, feminine and home care products.

** PFIZER INC, Monday close $37.31, -1.69 pct premarket

The largest U.S. drugmaker reported better-than-expected quarterly revenue and profit, driven by sales of newer drugs and the acquisition of hospital products company Hospira.

** NEW YORK REIT INC, Monday close $9.48, +5.38 pct premarket

New York REIT and privately held JBG Companies have agreed to end an agreement to form an $8.4 billion real estate investment trust focused on New York and Washington, D.C.   Continued...