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Global Markets Update: U.S. Markets Pare Early Gains

Thursday, 26 Jan 2012 | 11:40 AM ET

CNBC's Jackie DeAngelis reports the U.S. markets pare early gains. Weekly jobless claims up but still under 400,000. Netflix surges following blowout quarterly earnings. Caterpillar profits jumps 58 percent. But AT&T posts a quarterly loss of $1 billion even though revenues beat the Street.