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Thursday, August 28, 2014
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Published: Friday, 5/16/2014 - Updated: 3 months ago

U.S. stocks flip between small gains and losses

Verizon jumps on Buffett investment

ASSOCIATED PRESS

NEW YORK — The stock market is flipping between minor gains and losses, a day after the Dow Jones industrial average plunged.

The Dow edged up four points to 16,450 as of noon today. The blue-chip index had its worst day in five weeks on Thursday, when Wal-Mart reported lower earnings and economic news was mixed.

The Standard & Poor’s 500 index was up less than a point to 1,871 today. The Nasdaq fell nine points to 4,060.

Verizon Communications rose the most of the 30 big companies in the Dow. Verizon gained $1.27, or 3 percent, to $49.23 after Warren Buffett’s Berkshire Hathaway revealed it had a new investment in the telecom company.

Bond prices fell, pushing up the yield on the Treasury’s 10-year note to 2.50



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