National News

Jan 18, 2013 9:40 AM by Associated Press

Mixed open on Wall Street; GE, Morgan Stanley up

NEW YORK (AP) - Stocks indexes are little changed in early trading on Wall Street as the market closes out a strong week in which the Standard & Poor's 500 index hit five-year highs.

General Electric and Morgan Stanley rose after turning in better earnings report cards. Credit card issuer Capital One Financial fell after its results missed analysts' estimates.

The Dow Jones industrial average edged up four points to 13,600 shortly after the opening bell Friday.

The S&P 500 fell two points to 1,478 and the Nasdaq composite fell nine to 3,126.

Intel dropped 7 percent after reporting that its sales are shrinking as customers shift away from PCs to smartphones and tablet computers. Intel is trying to make chips for more hand-held devices.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)



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