By Kathryn Hardison
International stocks trading in New York closed mostly lower on Tuesday.
The S&P/BNY Mellon index of American depositary receipts fell 1% to 129.48. The European index decreased 1.2% to 120.71, the Asian index fell 0.8% to 156.46, the Latin American index was up 0.04% to 186.15 and the emerging markets index decreased 0.5% to 271.83.
Kingfisher PLC and Henkel AG & Co. KGaA were among the companies with ADRs that traded actively.
ADRs of Kingfisher fell 5.8% after the company reported a decline in pretax profit for the first half and lower sales amid inflationary pressures. The home-improvement retailer said it expects inflation to remain a headwind in the second half.
ADRs of Henkel AG fell 2.2% after the German consumer-goods company raised its sales guidance for the current year as its adhesive-technologies unit has shown strong sales in the third quarter.
ADRs of AstraZeneca PLC fell 1% after its Evusheld long-acting antibody combination was approved in the European Union for the treatment of patients with Covid-19.
Write to Kathryn Hardison at firstname.lastname@example.org
(END) Dow Jones Newswires