By Benjamin Pimentel, MarketWatch
SAN FRANCISCO (MarketWatch) -- Shares of Google Inc. rallied
Tuesday, setting a high as they rose above $800 for the first time
in the Internet giant's history.
Google (GOOG) traded up 1.3% at $802.98 after rising to an
intraday high of $804. The stock has gained more than 13% this year
and has jumped more than 30% over the past 12 months.
Google's stock gains come as the company is facing heightened
scrutiny from privacy regulators in Europe, according to a media
report Tuesday.
Regulators from France and other European Union countries are
considering a coordinate "repression action" against the company
after Google failed to answer concerns raised by EU regulators late
last year, The Wall Street Journal reported, citing a privacy
watchdog in France.
Other tech shares posted solid gains, as the Nasdaq Composite
Index (RIXF) moved up 12 points, or 0.4%, to 3,204.
The Morgan Stanley High Tech 35 Index (MSH) was ahead a
fraction, while the Philadelphia Semiconductor Index (SOX) added
1%.
Also higher were shares of Hewlett-Packard Co. (HPQ), which were
ahead 1.8% at $17.09 to lead other Dow components. The Dow Jones
Industrial Average (DJI) was up 51 points.
Shares of Dell Inc. (DELL) were trading flat ahead of the
company's fiscal fourth-quarter earnings report due after the
closing bell.
Meanwhile, Apple Inc. (AAPL) was in negative territory, down 1%
at $456.05. Also in the red were shares of Nvidia Corp. (NVDA),
which were down 1%, and LinkedIn Corp. (LNKD), which gave up
1.5%.
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