Stocks Get Lift as Google Breaks $900
NEW YORK ( TheStreet) -- The benchmark indices pushed to fresh highs amid mixed economic data as Google zoomed to historic territory.
The S&P 500 rose 0.51% to 1,658.78 as investors cheered a stronger-than-expected housing report offsetting sobering data on U.S. manufacturing.
Google (GOOG), operator of the world's most popular search engine, booked its largest gain since April 19 gaining 3.3% to $915.89 ahead of its annual software developers' conference, dubbed "Google I/O." At the San Francisco event, the company announced an immediate launch of a music streaming service dubbed Google Play Music All Access Subscription Music Service. Google's stock gains have outpaced the Nasdaq as shares have risen more than 29% in 2013.
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