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April 23, 2015

Google, Visa lead stock market higher

By MATTHEW CRAFT
AP Business Writer

NEW YORK — Investors cheered moves by Google and credit-card companies on Wednesday and sent the stock market to a solid gain. Google helped set off a surge in technology stocks after it unveiled a low-cost wireless phone service.

Google's new wireless service, dubbed “Project Fi,” costs around $20 a month for basic service and charges customers for the amount of data they use. The low-cost plan puts the Internet search giant into competition with AT&T and Verizon Wireless. Google's stock gained $6.25, or 1 percent, to $549.18.


 
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