Wall Street NYSE traders
NEW YORK (CNNMoney)
The Dow Jones industrial average flipped between small gains and losses, while the S&P 500 slipped 2 points and the Nasdaq declined 9 points.
A 6% drop in shares of Intel (INTC, Fortune 500) dragged on the Dow, a day after the chipmaker reported that quarterly profits fell 27% from a year earlier.
Capital One (COF, Fortune 500) was the biggest loser on the S&P 500 as shares fell more than 7% as the credit card lender and bank reported earnings that fell short of forecasts.
On the flip side, General Electric (GE, Fortune 500) rose almost 3% after the conglomerate issued an upbeat outlook and reported better-than-expected earnings and revenue. GE was the biggest gainer on the Dow.
Morgan Stanley (MS, Fortune 500)was also a big winner, with shares rising 6% after the bank reported earnings that narrowly beat expectations.
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It's been a mixed bag for earnings this week. JPMorgan Chase (JPM, Fortune 500) and Goldman Sachs (GS, Fortune 500) issued strong reports, while investors were disappointed by Citigroup (C, Fortune 500)and Bank of America (BAC, Fortune 500).
Overall, S&P 500 companies are expected to report earnings growth of 3.8% for the last three months of 2012, according to S&P's Capital IQ.
AT&T (T, Fortune 500) shares were down slightly in early trading following the company's announcement that it will take a charge of $10 billion in the fourth quarter related to its pension plan.
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Investors will also be monitoring the ongoing troubles at Boeing (BA, Fortune 500), which has been in focus this week due to problems with its new 787 Dreamliners that have prompted authorities around the world to ground the planes.
In economic news, China posted stronger-than-expected growth figures, showing its economy expanded at a 7.9% annual rate in the final three months of 2012. Asian stocks rallied on the news. The Nikkei surged nearly 3%, helped by a weaker yen.
European markets were mixed in afternoon trading.
Back in the U.S., the University of Michigan will release its consumer sentiment index at 10 a.m. ET.
Stocks rallied Thursday, with the S&P 500 hitting a 5-year high and the Dow closing near one, as upbeat reports on the economy offset mixed corporate results.
On Friday, the dollar gained versus the euro, the British pound and the Japanese yen.
Oil and gold prices were little changed.
The price on the 10-year Treasury rose, pushing the yield down to 1.82% from 1.88% late Thursday. 
First Published: January 18, 2013: 9:48 AM ET
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