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Thursday, May 16, 2013

Google stock tops $900

E-I-E-I/O: Already the highest-priced stock in the S&P 500 Index, Google closed above $900 a share for the first time yesterday after the company announced the launch of its All Access streaming service and other innovations at the I/O developers’ conference. Following the dog-and-pony show, shares rose 3.3% to $915.89, an all-time high. Google also topped $300 billion in market cap for the first time, making it the second-most-valuable tech outfit behind Apple, which is worth $402.5 billion. Apple shares, which fell 3.4% yesterday to $428.85, are off 19.2% year-to-date. (5/16a)

 
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