Google stock hits new high as Apple slips more

Google’s stock climbed to a new high Friday as Wall Street’s best known indexes approached record territory, too.

The shares of the Internet search leader peaked at $776.70 during the afternoon to eclipse the stock’s previous record of $774.38 reached in early October. It closed Friday at $775.60, up $19.91, or 2.6 percent for the session. The company, based in Mountain View, Calif., went public at $85 a share in Aug. 2004.

The stock market’s rising tide isn’t lifting all companies.

For instance, the stock of Google rival Apple Inc. is 36 percent below the peak price it reached in September.