*Internet shares among day's gainers; Google hits new high. But shares of Apple's rival Google shot up to a new record high at $916.38 on news that it has adopted a streaming music business model. Google closed at $915.89, up 3.3 percent.
*Upward momentum persists, Internet shares among day's gainers. *Apple leads Nasdaq lower; hedge fund cuts stake in the company. NEW YORK, May 15- U.S. stocks edged up on Wednesday, with the Dow and S&P 500 hitting new all-time highs as the market's recent upward momentum persisted, but a steep decline in Apple kept gains in check.
Among the stock activity stories for Wednesday, May 15, from AP Business News:. _ Netflix Inc. shares are trading at levels not seen since 2011 when it lost hundreds of thousands of customers after hiking prices for people who wanted continued access to DVDs as well as its streaming service.
NEW YORK-- Shares of Agilent Technologies Inc. reached an annual high Wednesday as analysts said the scientific instrument maker is improving its profitability. THE SPARK: Agilent makes electronic measurement and diagnostic machines used in medicine, chemistry and other areas of scientific research.
*Empire State Index contracts, PPI shows weak inflation pressure. NEW YORK, May 15- U.S. stocks climbed on Wednesday, with the Dow and S&P 500 hitting new all-time highs as the market's recent upward momentum persisted and offset some weak economic data.
*Empire State Index contracts, PPI shows weak inflation pressure. NEW YORK, May 15- The S&P 500 and the Nasdaq rose for a fourth straight day on Wednesday as tech shares gained and offset some weak economic data.
SANTA CLARA, Calif.-- Scientific instrument maker Agilent Technologies Inc. said Tuesday that its net income fell in its fiscal second quarter, as it took more than $100 million in restructuring and amortization charges. Agilent lowered its guidance for the full fiscal year, and also said it plans to cut 450 jobs, or about 2 percent of its staff positions.
*Sony jumps after hedge fund chief favors spinning off entertainment unit. *Electric carmaker Tesla Motors extends gains on raised sales outlook. "Earnings season is pretty well done, we don't really have any big economic points on the horizon," said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois.
*Sony jumps after Loeb calls for spinning off entertainment unit. *Tesla Motors jumps in premarket, extending recent gains. "Earnings season is pretty well done, we don't really have any big economic points on the horizon," said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois.
*Tesla Motors jumps in premarket, extending recent gains. *U.S. shares of Nokia drop after unveiling new phone. "We have had such a big move, and it's been hard to generate much more significant upside in the short term," said Rick Meckler, president of investment firm LibertyView Capital Management in Jersey City, New Jersey.
*Tesla Motors jumps in premarket, extending recent gains. *U.S. shares of Nokia drop after unveiling new phone. NEW YORK, May 14- U.S. stock index futures edged lower on Tuesday as investors paused following a recent rally that repeatedly took the Dow and S&P 500 to record highs.
May 6- Agilent Technologies Inc:. *Agilent Technologies Inc: Jefferies initiates with buy; price target. *Pall Corp: Jefferies initiates with hold; price target $62* Sigma-Aldrich Corp: Jefferies initiates with hold; price target $71.