Decline in commodity prices lifts index, Wall Street

Wall Street boosts ADRs as commodities prices fall

By Carla Mozee, MarketWatch

Last Update: 7:34 PM ET Mar 20, 2008

SAN FRANCISCO (MarketWatch) — U.S.-listed shares of overseas companies ended
higher Thursday, bolstered by sharp gains on Wall Street as investors found some
relief from the decline in commodities prices.

The Bank of New York Mellon American Depositary Receipt Composite Index
(16899W10) rose 1.3% to 163.06.

The index closed the trading week, which was shortened by the Good Friday
holiday, with a loss of 2.2%.

The Dow Jones Industrial Average ($INDU) jumped 262 points to 12,361.32, thanks
largely to strength in financial stocks, including a 10% leap in Citigroup Inc.
(C) shares following a New York Times report that the company plans to cut an
additional 2,000 jobs by the end of the month.

Among banking stocks, Barclays (BCS) rose 7.3% to $35.16, UBS (UBS) rose 7%, and
Mitsubishi UFJ Financial (MTU) ended 4.4% higher at $8.80.

Shares of Credit Suisse (CS) closed down 0.7%, recovering from nearly 8% tumble
after the company warned of a first-quarter loss.

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