| NEW YORK, March 5
NEW YORK, March 5 U.S.-listed shares of overseas
companies rose more than 1 percent on Tuesday following a rally
in the main U.S. stock indexes that pushed the Dow Jones
Industrial Average to a record closing high.
Shares of telecom companies jumped following a Bloomberg
report that Verizon Communications is weighing options
over its relationship with Vodafone Group and its joint
ownership of Verizon Wireless. A full combination was among
options discussed, according to the report.
U.S.-listed Vodafone Group shares were up 5.2
percent at $26.68, while shares of Sweden's Ericsson
were up 2.6 percent at $12.81 and Nokia shares were up
1.7 percent at $3.53.
U.S.-listed European shares led gains overall, including
shares of Total, up 1.7 percent at $50.85; and shares of
SAP AG, up 2.4 percent at $81.87.
Optimism about economic growth has helped propel stocks
higher. A strong reading on Tuesday in the U.S. services sector
was the latest sign of improvement. But continued support for
the U.S. economy from the Federal Reserve has also boosted the
The Dow broke through levels last seen in 2007 to hit
a record intraday high as well as an all-time closing high, at
Among overseas companies usually affected by signs of growth
in the economy, shares of Mexico's Cemex rose 2.1 percent
The BNY Mellon index of leading American depositary receipts
ended up 1.1 percent, while the Standard & Poor's 500
index was up 1 percent.
The BNY Mellon index of leading European ADRs rose
1.2 percent, while the FTSEurofirst 300 index of top
shares closed up 1.8 percent.
The BNY Mellon index of leading Asian ADRs was up 1
percent, while the BNY Mellon index of leading Latin American
ADRs was up 0.5 percent.