November 27, 2015
Wall Street is showing its renewed faith in Google by driving its stock to a new high.
Google shares climbed to $560.55 this morning, eclipsing the previous peak of just under $559 hit in mid-July.
Even with Google shares settling back a bit from their peak earlier today, the nine-year-old company has moved up to a market value of almost 175 billion dollars.
That's more than long-established technology bellwethers like Hewlett-Packard and IBM.
The latest run-up in Google's stock represents a turnaround from a little over a month ago when the shares briefly dipped below $500 when stock prices tumbled over fears of trouble in the mortgage industry.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.