Shares in Mead Johnson Nutrition Inc. gained 3.5% in early U.S. trading on Thursday after China announced the end of its one-child policy. Market watchers credited Beijing’s announcement for helping to boost the shares of several companies that sell baby formula in that country. Danone S.A. shares recently traded up 2% in France, and Nestle S.A. inched 0.1% higher in Switzerland. These gains came while the main U.S. and European stock benchmarks lost ground on Thursday.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News