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Tech

Google Stock Reaches New High In Wall Street Rally

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SAN FRANCISCO (CBS/AP) — Google’s stock climbed to a new high Friday as Wall Street’s best known indexes approached record territory, too.

The shares of the Internet search leader peaked at $775.32 in afternoon trading, eclipsing the stock’s previous record of $774.38 reached in early October. The company, which is based in Mountain View, went public at $85 in August 2004.

Meanwhile, the Dow Jones industrial average crossed 14,000 Friday for first time since October 2007 — near the bellwether’s all-time high of 14,164. The broader Standard & Poor’s 500 index, which includes Google Inc., also was flirting with a new record.

Google’s stock has been on the upswing since the company reported its fourth-quarter earnings 10 days ago. The results showed Google is still enjoying strong growth in Internet advertising.

 

(Copyright 2013 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

 

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