ADRs End Mostly Lower; Embraer, Valneva Trade Actively

By Denny Jacob

International stocks trading in New York closed mostly lower on Thursday.

The S&P/BNY Mellon index of American depositary receipts ticked down 0.2% to 149.23. The European index fell 0.6% to 149.34. The Asian index edged up 0.3% to 163.96. The Latin American index declined 0.5% to 179.74, and the emerging-markets index climbed 0.6% to 272.26.

Embraer SA was among those whose ADRs traded actively.

The Brazilian aerospace company declined 9% after its loss grew in the first quarter due to an increase in capital spending, which more than doubled, and spending on research and development rose.

French pharmaceutical company Valneva jumped 22% after it reported first-quarter results that beat expectations, with revenue growth driven by sales of its vaccines Ixiaro and Dukoral.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

May 04, 2023 18:13 ET (22:13 GMT)

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