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Google's Stock Rides Latest Rally to New High

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    NEWSLETTERS

    Google is feeling more than just lucky. Shares of the Mountain View, Calif.,-based tech behemoth peaked at $776.70 Friday 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 search engine's surge came the same day the Dow Jones industrial average closed above 14,000 Friday for first time since October 2007.

    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. Google rival Apple Inc.'s stock 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.