ADRs End Mostly Lower, Danone and Fresenius Trade Actively

By Sabela Ojea

International stocks trading in New York closed mostly lower Wednesday.

The S&P/BNY Mellon index of American depositary receipts fell 0.7% to 150.03. The European index dropped 0.7% to 145.88, the Asian index declined 0.8% to 173.23, the Latin American index increased 0.07% o 189.68, and the emerging markets index decreased 0.6% to 287.60.

ADRs of Danone SA surged 4.1% after the French company said that its full-year sales and recurring profit grew in 2022, and that it expects profitable growth in the current year.

ADRs of Fresenius SE & Co. declined while those of its dialysis business Fresenius Medical Care fell 4.5% after the parent company outlined an awaited deconsolidation plan for Fresenius Medical Care but also posted lower-than-expected 2023 guidance.

Write to Sabela Ojea at [e-mail]

(END) Dow Jones Newswires

February 22, 2023 18:54 ET (23:54 GMT)

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