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- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Building the Hybrid Cloud
- Connected Government: How to Build and Procure Network Services for the Future
- Continuing Diagnostics and Mitigation: Discussion of Progress and Next Steps
- Federal Executive Forum
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- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Moving to the Cloud. What's the best approach for me
- Navigating Tough Choices in Government Cloud Computing
- The New Generation of Database
- Satellite Communications: Acquiring SATCOM in Tight Times
- Targeting Advanced Threats: Proven Methods from Detection through Remediation
- Transformative Technology: Desktop Virtualization in Government
- Value of Health IT
Shows & Panels
Google's stock rides latest rally to new high
Friday - 2/1/2013, 4:14pm EST
SAN FRANCISCO (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 $776.70 during the afternoon to eclipse the stock's previous record of $774.38 reached in early October. It closed Friday at $775.60, up $19.91, or 2.6 percent for the session. The company, based in Mountain View, Calif., went public at $85 a share in Aug. 2004.
Meanwhile the Dow Jones industrial average closed above 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., was up about 1 percent and also flirting with a record.
The stock market's rising tide isn't lifting all companies. For instance, the stock of Google rival Apple Inc. is 36 percent below the peak price it reached in September. Apple's shares shed another $1.87 Friday to close at $453.62.
Google's stock has been on the upswing since the company reported fourth-quarter earnings 10 days ago. Google is still enjoying strong growth in Internet advertising as it extends its reach to smartphones and tablet computers.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)