ADRs Close Lower; BioNTech Rises, Carnival Drops

11/26/2021 | 01:52pm

International stocks trading in New York closed lower on Friday.

The S&P/BNY Mellon index of American depositary receipts fell 2.6% to 156.90. The European index fell 2.6% to 139.51. The Asian index fell 2.6% to 211.28. The Latin American index fell 2.1% to 172.07. And the emerging-markets index fell 2.9% to 346.19.

Covid-19 vaccine makers were among those whose ADRs traded actively.

Carnival PLC's ADRs fell 11% to $16.48 amid a broader travel stocks sell-off on concerns more countries will introduce new travel restrictions in response to a fast-spreading coronavirus variant.

Demand for Covid-19 vaccines is likely to grow after the emergence of a new variant of the coronavirus, and Pfizer Inc. and its German partner BioNTech SE, Moderna Inc., Johnson & Johnson and AstraZeneca PLC might benefit, according to Dow Jones Newswires. BioNTech rose 14% to $348; and AstraZeneca rose 0.4% to $56.58.

Brazil's state-controlled oil company Petróleo Brasileiro SA won't bow to pressure from the government to reduce fuel prices to contain the country's double-digit inflation, Chief Executive Joaquim Silva e Luna said in an interview Friday. "Petrobras is a state company, but it's also a publicly traded company," he said, adding that the oil producer would stick with its market-friendly policy of setting domestic fuel prices in line with international prices. ADRs closed down 0.1% at $10.47.

 
 -- WSJ Staff 
 

(END) Dow Jones Newswires

11-26-21 1351ET

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