ADRs End Lower, ArcelorMittal and AstraZeneca Trade Actively
17 Septembre 2022 - 12:23AM
Dow Jones News
By Denny Jacob
International stocks trading in New York closed lower on
Friday.
The S&P/BNY Mellon index of American depositary receipts
edged down 0.8% to 130.03. The European index ticked down 0.6% to
122.14. The Asian index slipped 1.2% to 156.27. The Latin American
index lost 1% to 180.08, while the emerging-markets index dropped
1.7% to 269.13.
ArcelorMittal SA was among those whose ADRs traded actively.
The steelmaker edged up 1% after it said that it had met with
unions in Spain to discuss proposals to put employees in the
country on short-time work as the company deals with
steel-production cuts amid a slump in demand.
Pharmaceutical giant AstraZeneca PLC edged down 0.2% following a
flurry of news. The company said nirsevimab, a treatment for the
prevention of respiratory syncytial virus lower respiratory tract
disease in infants, has been recommended for approval in the
European Union, and its Evusheld medicine has been recommended for
marketing authorization in the EU for the treatment of patients
with Covid-19.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
September 16, 2022 18:08 ET (22:08 GMT)
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