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John Paulson
Stock market manages slight gain after choppy day
Stock market manages slight gain after choppy day

Good results from retailers and demand for telecommunications shares market helped push the stock market to a small gain on Friday. Telecoms rose the most among the 10 industries in the Standard & Poor's 500 index. Their jump followed news that Warren Buffett's Berkshire Hathaway made a new investment in Verizon Communications. Other big-name investors, including John Paulson, also reportedly took stakes. Verizon climbed $1.11, or 2 percent, to $49.07. Major indexes spent much of the day meandering around the breakeven mark. Stocks started higher at the open but reversed course after a report on consumer confidence showed a drop last month. The market took a sudden turn up in the last...

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