News Summary: Stocks shake off slide, close higher

Posted at: 05/15/2013 3:36 PM
By The Associated Press

GOOGLE THIS: Google’s stock topped $900 as the tech giant unveiled a music streaming service and a new Google Maps. Google’s stock is up 50 percent over the past year.

APPLE: Apple’s stock took a sudden turn lower after reports said that a hedge fund run by the billionaire David Tepper slashed its holdings in the tech company.

FINAL SCORE: The Dow Jones industrial average rose 60.44 points to close at 15,275.69, an increase of 0.4 percent. The Standard & Poor’s 500 index gained 8.44 points to 1,658.78, up 0.4 percent. Both indexes are at all-time highs.

(Copyright 2013 by The Associated Press. All Rights Reserved.)

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