U.S. Stocks Open Mixed; Chinese ADRs Jump Again With Alibaba up 4%, Bilibili up 6%
US stocks were mixed Friday investors neared the end of a rocky week on Wall Street.
The S&P 500 traded just below the flatline, while the Dow Ones Industrial Average lost 272 points, or 0.6%. The Nasdaq Composite climbed 0.1%.
Chinese ADRs jumped again in premarket trading on Friday, as a slew of upbeat earnings boosted optimism toward the sector. YINN rose 5%; Bilibili rose 6%; Li Auto rose 5%; Alibaba, XPeng, Tencent Music, and iQiyi rose 4%; PDD Holdings, Baidu, and NIO rose 3%; NetEase rose 2%; JD.com rose 1%.
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