ADRs End Higher; Alibaba Rises

International stocks trading in New York closed mostly higher Friday.

The BNY Mellon index of American depositary receipts rose 0.5% to 152.20. The European index improved 0.4% to 140.50. The Asian index increased 1% to 180.41. The Latin American index fell 0.1% to 253.80. The emerging-markets index rose 0.7% to 329.85.

Alibaba and Pearson were among those with ADRs that traded actively.

Chinese e-commerce giant Alibaba Group Holding Ltd. (BABA) says it expects revenue to grow 60% in the next year, as its core commerce business and cloud-computing business attracts more customers. ADRs rose 3.5% to $188.89.

InterContinental Hotels Group PLC (IHG)--which owns the Crowne Plaza and Holiday Inn brands--said revenue per available room increased 3.5% on a comparable basis, and that it is confident in the outlook for the year ahead. ADRs rose 1% to $64.10

Pearson PLC (PSON.LN) on Friday confirmed its earnings guidance for 2018 after underlying revenue rose 1% in the first quarter. ADRs rose 6.7% to $12.08.

(END) Dow Jones Newswires

May 04, 2018 17:16 ET (21:16 GMT)

Teva Pharmaceutical Indu... (NYSE:TEVA)
Historical Stock Chart
From Apr 2024 to May 2024