ADRs End Lower, Vodafone and Glencore Trade Actively

By Kathryn Hardison

International stocks trading in New York closed lower on Monday.

The S&P/BNY Mellon index of American depositary receipts fell 0.9% to 143.23. The European index dropped 0.7% to 138.60, the Asian index fell 1% to 165.86, the Latin American index declined 3% to 183.86 and the emerging markets index was 1% lower at 281.71.

Vodafone Group PLC and Glencore PLC were among the companies with ADRs that traded actively.

ADRs of Vodafone fell 1.7% after the U.K.-based telecommunications company said Nick Read has agreed to step down as chief executive. Chief Financial Officer Margherita Della Valle has been appointed as interim chief executive.

ADRs of Glencore fell 1.4% after it said it has reached an agreement with the Democratic Republic of Congo over alleged acts of corruption between 2007 and 2018 and will pay $180 million. The FTSE 100-listed commodity mining and trading company said the agreement covers all present and future claims.

ADRs of Novartis AG rose 1.1% after the Swiss drug company said a trial to evaluate prostate-cancer drug Pluvicto met its primary endpoint in patients with a specific type of metastatic cancer.

Write to Kathryn Hardison at [e-mail]

(END) Dow Jones Newswires

December 05, 2022 18:23 ET (23:23 GMT)

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