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    July 13, 2007

    Google, Apple at all-time highs

    Filed under: ExxonMobil, Alcoa, Administaff, Apple Computers, Google, Alcan, Energizer, Playtex

    Wall Street was mixed in midday trade, with the S&P 500 poised to close at an all-time high.

    At mid-session, the S&P was up 0.1 percent to 1,548.47.

    The Dow Jones Industrial Average was also higher, up 0.1 percent as well to 13,881.64 after going as high as a new record of 13,910.26.

    On the other hand, the Nasdaq Composite had dropped 0.2 percent to 2,695.09, but was still up 1.1 percent for the week.

    Despite the decline for the Nasdaq, Google (NAS: GOG; LSE: GGEA) and Apple (NAS: AAPL; LSE: ACP; FWB: APC) were both higher on the day, each adding 0.8 percent to $549.88 and $135.14 respectively.

    Earlier in the session, both reached new all-time high share prices, with Google rising as high as $552.56 and Apple peaking at $135.46.

    Deals in the metals sector sent both Alcoa (NYSE: AA) and Alcan (TSX: AL; NYSE: AL) higher on the week after Alcoa withdrew its bid for Alcan after Rio Tinto (LSE: RIO) submitted a higher bid.

    With an announcement that it was resuming its suspended stock buyback program, Alcoa was trading at $47.39 on Friday, up 13.8 percent on the week.

    There were also rumors that BHP Billiton (LSE: BLT; ASX: BHP; NYSE: BHP) could be readying a bid for Alcoa.

    Meanwhile, Alcan added 12.9 percent on the week to trade at $97.65 at mid-session on Friday.

    Manufacturer Energizer (NSYE: ENG) gained 9.7 percent on the week to $109.82 and Playtex (NYSE: PYX) was up 21 percent to $10 after Energizer said it would purchase Playtex, which manufactures consumer goods.

    ExxonMobil (NYSE: XOM) was 4.8 percent higher to $90.57 on higher oil prices after it had set a new record high of $90.77 during the week.





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