US STOCKS-Dow, S&P 500 end at 5-yr highs on early earnings beats
* Weak outlook weighs on Intel
* Morgan Stanley up after results
* U.S. Republicans weigh short-term debt limit increase
* Dow up 0.4 pct; S&P up 0.3 pct; Nasdaq down 0.04 pct
By Caroline Valetkevitch
NEW YORK, Jan 18 (Reuters) - The Dow and S&P 500 closed at five-year highs on Friday as the market registered a third straight week of gains on a solid start to the quarterly earnings season.
Morgan Stanley was the latest Wall Street bank to report strong results. Its better-than-expected earnings followed similar report cards from Goldman Sachs and JP Morgan Chase earlier in the week.
Shares of Morgan Stanley shot up 7.9 percent to $22.38. It reported a fourth-quarter profit after a year-earlier loss, helped by higher revenue at the bank's institutional securities business.
But Friday's rise was held back by shares of Intel Corp , which slumped 6.3 percent to $21.25 a day after it forecast quarterly revenue below analysts' estimates and announced plans for increased capital spending amid slow demand for personal computers. Continued...