Google's stock price went over $600 for the first time Monday, raising expectations for the company's forthcoming third-quarter financial report on October 18th.

The search engine company's shares traded as high as $610.26 before falling back to $609.62, a gain of $15.57, or 2.6 percent.

This latest news is being called another milestone for Google, and a reminder of the wealth created since Google went public in August 2004 with lots of millionaire Google employees.

Google shares have increased more than sevenfold from their initial public offering price of $85.

The company now has a market value of $187 billion - worth more than bigger, and older businesses like Wal-Mart Stores Inc., Coca-Cola Co., Hewlett-Packard Co and IBM Corp.