ADRs End Lower
October 25 2017 - 7:34PM
Dow Jones News
By Imani Moise
International stocks trading in New York closed lower on
Wednesday.
GlaxoSmithKline PLC (GSK.LN) and America Movil SAB (AMX) were
among the companies with ADRs that traded actively.
The BNY Mellon index of American depositary receipts fell 0.6%
to 149.13. The European index decreased 0.5% to 138.62, the Asian
index dropped 0.8% to 173.81, the Latin American index was down
fractionally to 253.63 and the emerging markets index declined 0.6%
to 321.82.
ADRs of GlaxoSmithKline fell 5.7% to $38.19 after management
raised concerns that the company's interest in Pfizer Inc.'s (PFE)
over-the-counter business could put its dividend at risk.
ADRs of America Movil declined 6.2% to $17.81 as the company
continued to struggle to restore service in Puerto Rico after
Hurricane Maria.
ADRs of Novartis AG (NVS) dropped 2.1% to $81.37 after being
downgraded by Barclays.
ADRs of Lloyds Banking Group PLC (LYG) rose 1.4% to $3.66 after
the company reported that third-quarter pretax profit more than
doubled on year and raised its financial targets for 2017.
Write to Imani Moise at imani.moise@wsj.com
(END) Dow Jones Newswires
October 25, 2017 19:19 ET (23:19 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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