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Markets mixed despite good jobs report

Traders work on the floor of the New

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) Photo 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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