Markets mixed despite good jobs report

Traders work on the floor of the New

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Traders work on the floor of the New York Stock Exchange during afternoon trading on Thursday. For much of the week, markets have been subdued. (Oct. 4, 2012) (Credit: Getty Images)

A big drop in the unemployment rate wasn't enough for investors Friday. Stocks posted gains early in the day but faded to a mixed close.

The Labor Department said the unemployment rate had declined to 7.8 percent, its first dip below 8 percent in nearly four years. The decline from 8.1 percent the month before was bigger than economists had expected.

Stocks rose on that news, but the...

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