A Peek Into The Market Before The Trading Starts

Pre-open movers US stock futures are lower this morning, as investors are awaiting report on factory orders. Futures on the Dow Jones Industrial Average dipped 61 points to 12,703.00 and futures on the S&P 500 stock index fell 7.50 points to 1,350.20. Nasdaq 100 futures dropped 10.50 points to 2,391.00. A Peek Into Global Markets Most Asian markets ended lower, with Australia's S&P/ASX 200 moving down 0.85% and China's Shanghai Composite gaining 0.71%. Hong Kong's Hang Seng Index dropped 0.37% and India's Sensex dropped 2.50%. European markets were lower today. The STOXX Europe 600 Index has declined 0.79% London's FTSE 100 Index moved down 0.21%. Broker Recommendation Brean Murray Carret upgraded its price target on JinkoSolar Holding Company JKS from $32 to $35. Brean Murray Carret reiterated its Buy rating on JinkoSolar's shares. JKS shares fell 1.59% to $26.68 in after-hours trading. Breaking news

• Intellipharmaceutics International IPCItoday announced the U.S. Food and Drug Administration has accepted for filing its abbreviated new drug application for a generic version of Seroquel XR. To read the full news, click here.
• Emerson Electric Co EMR reported its Q2 net income at $567 million, up from $418 million, in the year-earlier period. The company's earnings came in at $0.73 per share, up from $0.53 per share. The company's net sales surged 18% to $5.85 billion. To read the full news, click here.
• Archer Daniels Midland Co ADM released its results for the first quarter on Tuesday. The company reported its FQ1 earnings at $578 million, or $0.86 per share, up from $421 million, or $0.65 per share, in the year-earlier period. To read the full news, click here.
• Pfizer Inc PFE reported a 10% rise in its first-quarter profit. The company's profit came in at $2.22 billion, or $0.28 per share, versus $2.03 billion, or $0.25 per share, in the year-earlier period. To read the full news, click here.

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