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

11:40 AM ET Thu, 26 Jan 2012

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.