Google stock price soars to new high

Google’s stock reached a new high Friday, reflecting Wall Street’s renewed faith in the Internet search leader as it introduces new ways for advertisers to reach its steadily expanding online audience. The shares peaked at $560.79 before falling back to finish at $560.10, up $7.27, or 1.3%. The rally eclipsed Google’s previous record high of $558.58 attained in mid-July, just days before the Mountain View-based company disillusioned investors with a second-quarter profit below analyst estimates.

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