ADRs End Higher; Alibaba and Pearson Trade Actively
October 18 2017 - 6:16PM
Dow Jones News
By Austen Hufford
International stocks trading in New York closed higher Wednesday
as the the Dow Jones Industrial Average reached a new peak.
Alibaba Group Holding Ltd. (BABA) and Pearson PLC (PSO) were
among the companies with American depositary receipts that traded
actively.
The BNY Mellon index of ADRs grew 0.1% to 150.91. The European
index grew 0.1% to 140.23, the Asian index grew 0.4% to 176.12, and
the emerging markets index grew 0.3% to 327.68. Still, the Latin
American index fell 0.4% to 255.96.
ADRs of Dutch semiconductor group ASML Holding NV (ASML) fell
2.6% after the company reported a 35% rise in net profit in the
third quarter, on the back of strong sales.
ADRs of Alibaba rose 2.5% as Vice Chairman Joseph Tsai said the
company's plans to nearly triple its research and development
spending over the next three years isn't that big of a stretch
given its rapid growth.
ADRs of Pearson rose 3.1% after The Wall Street Journal reported
it was turning to simpler finance and human resources platforms to
deliver savings and cut overall headcount by around 3,000
employees.
Write to Austen Hufford at austen.hufford@wsj.com
(END) Dow Jones Newswires
October 18, 2017 18:01 ET (22:01 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
ASML Holding NV (NASDAQ:ASML)
Historical Stock Chart
From Mar 2024 to Apr 2024
ASML Holding NV (NASDAQ:ASML)
Historical Stock Chart
From Apr 2023 to Apr 2024