European Equities Traded in the US as American Depositary Receipts Rise in Friday Trading, Remain Flat for Week

Opera has an average rating of Buy and mean price target of $27.40, according to analysts polled by FactSet.

Financial stocks were rising in Thursday afternoon trading, with the NYSE Financial Index adding 1% and the Financial Select Sector SPDR Fund (XLF) climbing 1.5%.

The Philadelphia Housing Index was down 0.3%, while the Real Estate Select Sector SPDR Fund (XLRE) was advancing 0.7%.

Bitcoin (BTC/USD) was increasing 0.7% to $84,692, and the yield for 10-year US Treasuries was rising 3.8 basis points to 4.30%.

In economic news, US initial jobless claims rose to 242,000 in the week ended Feb. 22 from an upwardly revised 220,000 in the previous week, beating forecasts for 221,000 in a survey compiled by Bloomberg.

US pending home sales fell by 4.6% in January, below the 0.9% drop expected in a survey compiled by Bloomberg and following a 4.1% decrease in December, according to the National Association of Realtors.

In corporate news, Apollo Global Management is in talks to lead a $35 billion financing package to help Meta develop US-based data centers, Bloomberg reported. Apollo shares rose 1.5%.

Goldman Sachs has eliminated a section titled "diversity and inclusion" from its 2024 annual filing released Thursday. Goldman shares were up 0.3%.

HSBC is cutting around 900 jobs at its digital wealth unit Pinnacle in China, reducing nearly half of its workforce, Reuters reported. HSBC shares added 0.2%.

Most of Europe's top stock indexes close lower, with carmakers among the biggest losers, after President Trump floated 25% tariffs on the European Union. The Stoxx Europe 600 index falls 0.5%, having closed at a record high Wednesday. Italy's FTSE MIB sheds 1.5%, Germany's DAX ends the session 1.1% lower and France's CAC 40 is down 0.5%. Meanwhile, the U.K.'s FTSE 100 gains 0.3%. "European markets looked glum with shares in car makers and luxury goods brands lower, along with tequila maker Diageo," AJ Bell's Danni Hewson says in a market comment. BMW closes 3.8% lower, Porsche is down 3.6% and Mercedes-Benz falls 2.4%. Ferrari plunges 7.9%, hit by news that top shareholder Exor is cutting its stake. (adria.calatayud@wsj.com)

European equities traded in the US as American depositary receipts were trending lower late Thursday morning, declining 0.49% to 1,416.32 on the S&P Europe Select ADR Index.

From continental Europe, the gainers were led by internet browser company Opera and biopharmaceutical company Grifols , which rose 6% and 5.7% respectively. They were followed by biopharmaceutical company argenx and brewing company Anheuser-Busch InBev , which increased 4.3% and 1.9% respectively.

The decliners from continental Europe were led by electronics conglomerate Philips and 3D printer company Materialise , which lost 2.3% and 2.1% respectively. They were followed by software firm SAP and oil and gas company Eni , which fell 2% and 1.9% respectively.

From the UK and Ireland, the gainers were led by biopharmaceutical companies Akari Therapeutics and Verona Pharma , which climbed 12% and 7% respectively. They were followed by pharmaceutical company Silence Therapeutics and biopharmaceutical company Mereo BioPharma Group , which were up 4.7% and 2.2% respectively.

The decliners from the UK and Ireland were led by communications company WPP and biotech firm Trinity Biotech , which shed 16% and 2.5% respectively. They were followed by utilities company National Grid and alcoholic beverage company Diageo , which dropped 1.6% and 1.2% respectively.

By Chris Wack

Opera shares were trading 7% higher, at $19.70, after the company reported fourth-quarter earnings that beat analysts' expectations.

The Internet technology company said it had quarterly net income of $28.7 million, or 32 cents a share, down from $107.5 million, or $1.20 a share, in the same quarter last year. Analysts polled by FactSet were looking for earnings of $20.5 million, or 23 cents a share.

Revenue for the quarter was $145.8 million, compared with last year's $113 million and the $137.9 million analysts were expecting.

Adjusted earnings were 28 cents a share, compared with the 26 cents a share analysts had forecast.

The company said that for the quarter, it saw higher advertising revenue, and high purchase intent traffic to its advertising partners. Search revenue growth increased 17% over last year.

For the first quarter, Opera said it is expecting revenue of $130 million to $133 million, while analysts are looking for $121.4 million.

Write to Chris Wack at chris.wack@wsj.com