US STOCKS-Market flat on mixed earnings from Intel, Morgan Stanley

Fri Jan 18, 2013 3:20pm EST
 
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* Weak outlook weighs on Intel

* Morgan Stanley up after results

* U.S. Republicans weigh short-term debt limit increase

* Dow up 0.1 pct; S&P up 0.01 pct; Nasdaq down 0.3 pct

By Caroline Valetkevitch

NEW YORK, Jan 18 (Reuters) - U.S. stocks were little changed on Friday as a weak outlook from tech heavyweight Intel offset a better-than-expected quarterly profit at Morgan Stanley.

Still, the S&P 500 was on track for a third week in a row of gains and remained near a five-year high.

Shares of Intel Corp slumped 6.7 percent to $21.17 a day after it forecast quarterly revenue below analysts' estimates and announced plans for increased capital spending amid slow demand for personal computers.

On a positive note, Morgan Stanley reported a fourth-quarter profit after a year-earlier loss, helped by higher revenue at the bank's institutional securities business. Its stock jumped 7.5 percent to $22.32.   Continued...