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As Alibaba debuts on Wall Street, stocks drift
As Alibaba debuts on Wall Street, stocks drift

NEW YORK — With Wall Street focused on the debut of Alibaba Group, the stock market drifted into the weekend and major indexes ended little changed. Investors watched as the Chinese e-commerce giant surged 38 percent Friday, in its first day of trading on the New York Stock Exchange. Alibaba gained $25.89 to end at $93.89. By the end of the day, the Standard & Poor's 500 index fell less than a point, a sliver of a percent, to 2,010.40. It finished with its best weekly gain in a month. Alibaba lined up its initial public offering of stock at $68 a share the day before, raising $21.8 billion from investors. That vaulted Alibaba to the top tier of technology companies in...

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