Google goes above $500 per share

The New York equities markets were mixed at the mid-point in the session on Tuesday, with the Dow Jones Industrial Average and the Nasdaq Composite lower and the S&P 500 up slightly. The Dow was 0.02 percent lower to 12,314.54, while the Nasdaq had dropped 0.1 percent to 2,449.87. Meanwhile, the S&P was 0.08 percent higher to 1,401.57.

Google’s share price rose above $500 for the first time as it added 1.8 percent to $504.13 after going as high as $505.72 earlier in the day. Google has gained 37.6 percent since the beginning of August.

Boeing was up 1.6 percent to $90.54 on the news that Korean Air has placed an order for 25 aircraft. The order was said to be worth $5.5 billion dollars.

Oregon Steel Mills dropped 1.2 percent to $63 after its 8.2 percent gain on Monday after it was announced that Russian company Evraz Group will buy the steel maker. Elsewhere in the sector, share prices were up. Nucor added 2.5 percent to $58.88.

Dell Computer was 1.1 percent higher to $24.92 ahead of its quarterly report, due after trade closes for the day. The report, which was originally supposed to have been released last Thursday, is widely expected to show a drop in earnings per share of almost 40 percent.

Nasdaq dropped 0.9 percent to $37.37 amid speculation that it is thinking about raising its offer for the London Stock Exchange after its most recent bid was rejected on Monday.

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